India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts
Entrepreneur magazine|October 2024
Better late than never. India's aviation history in manufacturing dates back to the 1940s: Hindustan Aeronautics Limited (HAL) began manufacturing aircraft in 1942 for Indian Air Force (IAF).
SHRABONA GHOSH
India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts

However, keeping up was a difficult task. Aircraft manufacturing is an exorbitantly capital-intensive industry with long gestation periods. Recently, civil aviation minister KR Naidu indicated in a conference that India would soon enter into aircraft manufacturing: We would make the nation a global hub for aircraft manufacturing, Naidu said.

"India was one of the earliest starters with HAL (defence aircraft) in 1929, which the British and the Americans used to build warplanes. However, Indian aviation development did not keep pace. We also have a few private players, and now the Tatas are getting into the game partnering with the big boys," said Sanjay Lazar, an aviation expert and CEO Avialaz Consultants.

In order to design, manufacture and export its own aircraft, India has a long journey to take. The country has miles to go before it manufactures civilian aircraft to compete with Boeing and Airbus. "Compare India to China, the Chinese germinated this idea in 1983 and 40 years later, COMAC competes with Boeing and Airbus. Look at Brazil, an idea that began in 1969, is today the world's third largest civilian aircraft manufacturer. In the 1980s, it produced the EMB 120 Brasilia, and today Indian airlines are using the Embraer regional jets. In more than 100 years of civil aviation, we still only have two or three main airplane producers, and four engine makers on the entire planet. It tells you how tough the going is," Lazar added.

Bu hikaye Entrepreneur magazine dergisinin October 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Entrepreneur magazine dergisinin October 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

ENTREPRENEUR MAGAZINE DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Can't Turn Off Your Mind? AI Can Be An After-hours Professional Coach
Entrepreneur magazine

Can't Turn Off Your Mind? AI Can Be An After-hours Professional Coach

AI is now the go-to-tool that helps you connect the dots in life. From learning a new language, to expanding on your professional development skills, AI can help support you with almost whatever you need.

time-read
2 dak  |
October 2024
Your Next Assistant May Be a Bot
Entrepreneur magazine

Your Next Assistant May Be a Bot

For decades, we've been waiting for technology that can handle tedious, time-consuming tasks for us. Finally, we're on the verge of getting it.

time-read
2 dak  |
October 2024
HOW NIRANJAN HIRANANDANI CREATED THE 'REAL' ESTATE BUSINESS
Entrepreneur magazine

HOW NIRANJAN HIRANANDANI CREATED THE 'REAL' ESTATE BUSINESS

Real estate was an accidental choice, ultimately I got into the world of business and then realised it's not just a cakewalk, says Niranjan Hiranandani, founder & chairman- Hiranandani Group

time-read
5 dak  |
October 2024
Why Govt Needs To Include Indigenous Large Firms In Chip Designing
Entrepreneur magazine

Why Govt Needs To Include Indigenous Large Firms In Chip Designing

Large indigenous chip design companies can achieve better economies of scale that would give an edge with respect to the cost competitiveness of chips

time-read
4 dak  |
October 2024
India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts
Entrepreneur magazine

India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts

Better late than never. India's aviation history in manufacturing dates back to the 1940s: Hindustan Aeronautics Limited (HAL) began manufacturing aircraft in 1942 for Indian Air Force (IAF).

time-read
5 dak  |
October 2024
CHARACTERISTICS OF RESILIENT LEADERSHIP
Entrepreneur magazine

CHARACTERISTICS OF RESILIENT LEADERSHIP

From the race to embrace artificial intelligence (AI) to ever-mounting geopolitical concerns, the challenges faced by the CEOs of today are vast and complex. Alongside these external pressures, internal challenges such as upskilling the workforce and hybrid working are pushing CEOs to be agile and adaptable in their stakeholder management while also keeping an eye on long-term growth

time-read
4 dak  |
October 2024
PM E-DRIVE SCHEME
Entrepreneur magazine

PM E-DRIVE SCHEME

A GAME-CHANGER FOR ELECTRIC MOBILITY IN INDIA

time-read
5 dak  |
October 2024
The Quest for Unicorns
Entrepreneur magazine

The Quest for Unicorns

\"WHILE ACCURATE DATA IS DIFFICULT TO COME BY, VARIOUS ESTIMATES REVEAL THAT ABOUT 80 PER CENT OF UNICORNS ARE LOSS-MAKING.\"

time-read
2 dak  |
October 2024
India's Long-Term Goals for the Manufacturing Sector
Entrepreneur magazine

India's Long-Term Goals for the Manufacturing Sector

\"MORE THAN 17 PER CENT OF THE COUNTRY'S GDP EMANATING FROM MANUFACTURING IS PROJECTED TO PROPEL MOST OF THIS GROWTH.\"

time-read
2 dak  |
October 2024
Lessons from a Seasoned Entrepreneur
Entrepreneur magazine

Lessons from a Seasoned Entrepreneur

From as early age, I've wanted to start something from scratch. Entrepreneurship is like a bug that bites you once, and the side effects stay forever. Despite the failures, naysayers, and selfdoubt, you can't help but give in to the voice that says, \"do it.\"

time-read
2 dak  |
October 2024