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Aviation Sector

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Submitted By vinnaypatil
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Targeting the Aviation sector.
Reasons to consider the Aviation sector:
1. India is one the fastest growing aviation markets and currently the ninth largest civil aviation market in the world and is projected to be the 3rd largest aviation market by 2020
2. The Indian aviation sector is likely to see investments totaling USD 12.1 Billion during 2012-17; USD 9.3 Billion is expected to come from the private sector.
3. Although Indian aerospace industry is in nascent stage contributing to mere 0.25% to the global industry, it has shown tremendous growth over the years growing at nearly 20% per year since 2004. India‘s total exports for the sector stood at US$ 1.5 billion in 2010, out of which more than 96% of the contribution was from aircraft parts.
4. 100% FDI is allowed under the automatic route in the auto and aircraft components sector, subject to all the applicable regulations and laws.
5. India is fourth largest producer of steel in the world and Cost of making steel significantly lower than competitive nations.
6. India is an emerging global hub for sourcing auto and aerospace components.
7. India has the third largest pool of scientists and technicians in the world. Skilled manpower is available in abundance in Semiconductor Design and Embedded Software. So, strong design and R&D capabilities in the field of auto electronics and industrial electronics can be achieved. Specific manufacturing processes in aviation industry:
Aviation industry has six core manufacturing processes:
1. Design Engineering
2. Component Manufacturing (Tier -3) like castings, forgings, sheet metal components, power & electronic components
3. Component Manufacturing (Tier-2) like hydraulic systems, electrical systems and avionic & flight components
4. Subsystem Manufacturing
5. Aircraft Assembly
6. Maintenance, Repair and Overhaul (MRO)

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