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Pvt sector urged to invest in civil aviation industry
The private sector should invest in the aviation industry and ensure high quality of products for the growth of the sector without too much dependence on the government, said K Harinarayana, aviation expert and former Vice-Chancellor of the University of Hyderabad.
He was speaking at a seminar on the sector in the Vignan group of educational institutions here on Friday.
“Aerospace sector does not have space for too many OEM suppliers but they have to retain their competitiveness by delivering high quality,” he said.
He said the government would have to support the development of the ecosystem of high quality suppliers in the aerospace industry. While everyone cannot become a prime manufacturer, there is scope for OEM suppliers of assemblies and sub-assemblies, Harinarayana said.
The private sector should stop looking to the government for everything. “The Indian aviation industry has to jump from early phase to maturity phase. It has happened in the automobile industry and can be done in the aviation industry too,” he said.
The new aviation policy will open up tremendous opportunity in the maintenance, repair and overhaul (MRO) field and Indian companies can take up manufacture of regional civil feeder aircraft to provide connectivity to regional airports. “There is a strong need for a new generation regional transport aircraft and there are lessons to be learned from countries such as Brazil in the development of the aviation industry, Harinarayana added. Antwaun Woods Authentic Jersey
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