Aerospace Management Committee
Are you interested in the aviation industry and its development in India? Let us introduce you to the Aerospace Management Committee. This committee focuses on the growth and development of the civil aviation sector in India, addressing opportunities, challenges, and policy frameworks for private sector participation. With the sector aiming to become the largest in the world by 2030, the committee meets with officials from the Ministry of Civil Aviation to advocate for aviation companies, MROs, and other players in the industry. The American Chamber of Commerce in India, a member-based organization with over 400 American companies in India, supports the committee’s vision to promote rapid growth, improve ease of doing business, advance regional connectivity, and provide flying opportunities for over 300 million middle-class citizens. Join AMCHAM India today and become part of a vibrant platform for networking and expanding your business in the dynamic and exciting aviation industry in India.
A. Importance of the Aerospace industry in India
The industry is of prime importance to India as it contributes to the country’s economic growth and technological advancement. The sector has seen rapid growth in recent years, with the domestic aviation market expected to reach $30 billion by 2024. The Indian government’s focus on developing the industry has led to a plan to create more airports, domestic cargo terminals, and flight schools. The Aerospace and Defence (A&D) market in India is estimated to reach around $70 billion by 2030. This growth in the aerospace industry has attracted global OEMs and suppliers to India to play a vital role in the global supply chain for aerospace components and parts. The industry also offers opportunities for smaller aircraft, business jets, and helicopters for regional connectivity and faster movement. The sector is poised for an aggressive growth phase in the next decade, driven by defense aircraft, civil aviation, availability of engineering skills, and enabling policy frameworks towards ‘Make in India.’ The aerospace industry is a vital component of India’s economy and technological progress.
B. Role of the Aerospace Management Committee
The Aerospace Management Committee in India plays a significant role in promoting and fostering growth in the aerospace industry. The committee is responsible for developing strategies, policies, and programs that enhance the industry’s competitiveness, innovation, and sustainability.
One of the crucial roles of the committee is to strengthen the relationship between India and France. The committee provides a platform for key stakeholders in the aerospace industry to engage in discussions, exchange ideas and best practices to enhance bilateral cooperation. This helps in improving the business environment, creating new opportunities for increased investment, and exploring avenues for joint ventures.
The Aerospace Management Committee creates awareness about the aerospace industry and its importance to the Indian economy. The committee’s initiatives include organizing webinars and seminars that bring together industry experts to share their knowledge and insights. This allows for the dissemination of accurate and valuable information, which in turn helps to attract new investment and talents to the industry.
The committee also plays a critical role in creating a sustainable aerospace ecosystem by focusing on research and development. It encourages innovation that leads to the development of new technologies and solutions for the industry. This helps to drive growth, build capacity, and ultimately enhance the competitiveness of the Indian aerospace industry.
Overall, the Aerospace Management Committee in India serves as a crucial link between the Indian aerospace industry and global players, providing a platform for strategic planning, innovative thinking, and growth. Its role in promoting and sustaining the aerospace industry’s growth cannot be over-emphasized.
II. Formation of the Aerospace Management Committee
A. Overview of the Committee
The Aerospace Management Committee in India is a vital organization that plays a significant role in the growth and development of the aerospace industry in the country. The committee is dedicated to the promotion and advancement of the industry in every conceivable manner. Its members include leading organizations and individuals involved in the aerospace sector. The objectives of the committee are to provide guidance and support to the industry, promote cooperation and collaboration between different stakeholders, and foster innovation and growth. The committee also organizes various workshops, webinars, and seminars to educate industry professionals about emerging trends and technologies. These events provide a platform for networking and sharing best practices. One such event is the Indo-French Defence & Aerospace Seminar 2020, which focused on enhancing bilateral connections between France and India. The committee’s initiatives have generated several opportunities for the aerospace industry in India, leading to significant benefits for the country’s economy and the sector as a whole. Overall, the Aerospace Management Committee is a vital lifeline for the aerospace industry in India.
B. Members of the Committee
The Aerospace Management Committee comprises an esteemed group of industry experts who bring with them a wealth of knowledge and experience. The committee is co-chaired by two distinguished individuals; Shri Sujeet Samaddar, Group President, Aerospace and Defense, Tata Technologies Limited, and P. S. Subramanyam, President – Aerospace and Defense, Tata Technologies Limited. Other members of the committee include senior leaders from major companies in the aerospace industry like Airbus, Boeing, Rolls-Royce, and Safran. The committee also includes members from government organizations like the Ministry of Civil Aviation, the Department of Space, and the Directorate General of Civil Aviation. The diverse backgrounds and experiences of the committee members make it an ideal platform for discussions and initiatives that can lead to the growth and development of the aerospace sector in India. Their combined efforts demonstrate the effectiveness of collaboration between industry and government towards a common goal of fostering innovation and development in the aerospace industry.
C. Objectives of the Committee
The Aerospace Management Committee in India has several objectives that it aims to achieve for the growth and development of the aerospace industry in India. These objectives include promoting trade relations between India and France, encouraging technological advancements in the field of aerospace, and facilitating the exchange of information and ideas among members of the committee. The committee also aims to promote growth and innovation in the aerospace industry by organizing various seminars and webinars, and by collaborating with other similar organizations around the world to share knowledge and expertise. Additionally, the Aerospace Management Committee strives to provide a platform for stakeholders in the aerospace industry to discuss and address issues of common concern and to work towards finding solutions that benefit all. Overall, the objectives of the Aerospace Management Committee are nothing short of ambitious, and the success of their initiatives will be critical for the long-term growth and success of the aerospace industry in India.
III. Activities of the Aerospace Management Committee
A. Webinars and seminars organized by the Committee
The Management Committee organized various webinars and seminars in India to promote the growth of the aerospace industry. The committee’s priority is to provide a knowledge-sharing platform on the latest trends and challenges in the industry to bring together industry leaders, academia, and researchers. Moreover, their webinars and seminars aim to improve the bilateral connections between France and India to expand the reach of the aerospace industry globally. One of their notable events was the IFCCI Indo-French Defence & Aerospace Seminar 2020 which brought together top industry professionals and government officials. The committee also organized the IFCCI DEFENCE & AEROSPACE COMMITTEE FIRST COMMITTEE MEETING FY 2021-22, focusing on opportunities and growth of the aerospace industry. These initiatives are significant in advancing the aerospace industry, contributing to the country’s economic growth, generating jobs, and elevating India’s standing in the global aviation industry. The committee’s efforts promote innovation, offer training opportunities to young professionals, and improve the competitiveness of the aerospace industry in India.
B. IFCCI Indo-French Defence & Aerospace Seminar 2020
In collaboration with GIFAS and SIDM, the Indo-French Chamber of Commerce and Industry (IFCCI) organized the Indo-French Defence & Aerospace Seminar virtually on November 26, 2020. This highly exclusive event had the support and guidance of IFCCI’s Defence & Aerospace Committee leadership, led by IFCCI’s Vice-President and Chairperson of the Committee, Mr. Emmanuel de Roquefeuil. The session started with welcome remarks from Ms. Payal S Kanwar, Director General IFCCI, and remarks from Mr. Sumeet Anand, President IFCCI. The event saw the participation of several prominent individuals from the aviation and aerospace industry such as Mr. Ashish Saraf, Head of Region – India and South Asia for Airbus Helicopters, and Mr. Rajinder Singh Bhatia, President & CEO Bharat Forge, among others. The sponsorship from Airbus, GMR Airports, Expleo Criticalog, and Safran was an added advantage. The seminar aimed to boost the partnership between India and France in the defense and aerospace industry by providing a platform for knowledge-sharing, networking, and exploring emerging trends and opportunities in the industry.
C. The Defence and Aerospace Committee
The Defence and Aerospace Committee was established by the Indo-French Chamber of Commerce and Industry (IFCCI) in 2018 to promote bilateral connections between India and France in the aerospace industry. The committee aims to create interactive platforms for its members to discuss the rapidly growing opportunities in the sector and to organize webinars and seminars for knowledge sharing. The committee consists of members from leading businesses in the field, including Safran Engineering and Thales Group. One of the most significant initiatives by the committee was the IFCCI Indo-French Defence & Aerospace Seminar 2020, which brought together industry leaders from both countries to discuss the latest developments and challenges in the field. The committee is dedicated to fostering growth and development in the aerospace industry, which has a substantial contribution to India’s GDP. The Defence and Aerospace Committee is a crucial platform for businesses to connect, collaborate and learn, making it an essential element in the growth of the aerospace industry in India.
The Work Social idea is an excellent initiative taken by the Defence and Aerospace Committee of the Indo-French Chamber of Commerce and Industry (IFCCI). This committee is dedicated to enhancing bilateral connections between France and India, particularly in the aerospace industry. The main objective of this committee is to organize interactive sessions for its members against the background of the growing opportunities for both countries in this sector. The After Work Social is one such initiative that brings together the members of this committee in a casual setting.
The idea behind the After Work Social is to create a relaxed atmosphere that encourages networking and idea exchange. These sessions provide a platform for industry experts to meet, connect, and share their knowledge and experiences. These events are a great way to get to know other members of the committee better and build strong relationships that can help in the growth of the aerospace industry in both countries.
Overall, the After Work Social is a fantastic idea that fosters collaboration and camaraderie within the aerospace industry. The Defence and Aerospace Committee of the IFCCI is doing a commendable job by organizing such events that create a positive impact on the growth of the industry.
D. IFCCI DEFENCE & AEROSPACE COMMITTEE FIRST COMMITTEE MEETING FY 2021-22
The IFCCI Defence & Aerospace Committee had its first committee meeting for the fiscal year 2021-22, where they discussed various topics related to the aerospace industry in India. One of the primary topics of discussion was the improvement in bilateral connections between France and India. The committee members emphasized the need to strengthen the ties between the two countries in the aerospace sector and explore new opportunities for growth and development. Additionally, they discussed the benefits of the committee’s initiatives, which included organizing webinars and seminars that bring together industry leaders, sharing knowledge and expertise, and fostering collaboration. The meeting was productive and provided a platform for the committee members to exchange ideas and insights on key issues relevant to the aerospace industry. The role of the committee in promoting sustainable growth and development in the aerospace industry in India was also highlighted. Overall, the meeting was a positive step towards driving innovation and progress in the sector.
IV. Significance of the Aerospace Management Committee
A. Improvement in bilateral connections between France and India
The Aerospace industry in India has seen a significant rise in recent times owing to the growing economies and a strong push towards digitization and innovation. To further strengthen their ties, the Aerospace management committee has been taking various initiatives to improve bilateral connections between France and India. This collaboration aims to provide a boost to the growth of the aerospace industry in India and create new opportunities for technological advancements. By promoting the exchange of ideas and expertise, the committee seeks to bring together the best minds from both countries to work towards a common goal. The committee has already organized various webinars and seminars for this purpose and their IFCCI Indo-French Defence & Aerospace Seminar 2020 was a huge success in bringing together industry leaders and experts. The committee’s efforts in improving the bilateral connections between France and India will further establish India’s position as an emerging player in the global aerospace industry.
B. Opportunities and growth of the aerospace industry
The industry in India presents immense opportunities for growth and development. The increasing demand for air travel has led to a surge in orders for aircraft, creating new opportunities for companies in the industry. In addition, the Indian government’s focus on the sector and various policy initiatives have encouraged investment and innovation. The growth of the aerospace industry in India has also led to the development of a skilled workforce, with a large pool of engineers and technicians available to support the industry’s growth. The sector’s growth is further expected to rise with the increasing demand for unmanned aerial vehicles and space technologies. With the right investments and initiatives, India has the potential to become a leading player in the global aerospace industry, creating significant opportunities for businesses and boosting economic growth. The recent initiatives undertaken by the Aerospace Management Committee, such as the IFCCI Defence & Aerospace Seminar and the upcoming Aerospace Trade Mission to India, are crucial steps towards achieving this objective.
C. Benefits of the Committee’s initiatives
The Aerospace Management Committee in India has taken several initiatives to promote the growth and development of the aerospace industry in the country. Some of the benefits of these initiatives include improving bilateral connections between France and India, creating new employment opportunities, and promoting the transfer of technology. Moreover, the committee has organized webinars and seminars to share knowledge and expertise on topics related to the aerospace industry. Additionally, the committee has taken active steps in promoting the development of the defense and aerospace sector in India. The IFCCI Indo-French Defense and Aerospace Seminar 2020 brought together leading industry professionals and experts to discuss key trends and opportunities in the sector. The committee’s first meeting in FY 2021-22 has provided a critical impetus to the growth of the aerospace industry in India. All of these initiatives have been possible due to the proactive approach of the Aerospace Management Committee, which has contributed significantly to the development of the aerospace industry in India.
A. Summary of the Aerospace Management Committee’s role in the aerospace industry
The Aerospace Management Committee in India plays a crucial role in promoting and advancing the aerospace industry in the country. Comprising of renowned experts and stakeholders in the industry, the Committee’s primary objective is to enhance bilateral connections between India and France while creating new growth opportunities. The Committee achieves this through various initiatives such as webinars, seminars, and regular meetings to discuss strategies and goals. Additionally, the Committee helps facilitate networking opportunities, strengthens relationships between businesses and governments, and promotes international collaboration. Through these efforts, the Committee has contributed to the growth of the Indian aerospace industry by creating new opportunities for training, research and development, and expansion. The Aerospace Management Committee is an essential component of the aerospace industry in India and plays a significant role in shaping its future while strengthening its position in the global marketplace.
B. Significance of the committee for the aerospace industry in India.
In conclusion, the Aerospace Management Committee in India plays a critical role in promoting and accelerating the growth of the aerospace industry in the country. Through its various initiatives, webinars, seminars, and collaborations, the Committee seeks to improve bilateral connections between France and India, provide a platform for government and industry representatives to exchange views, and resolve non-competitive matters related to the aerospace and defense industry. The Committee also aims to promote indigenous design and manufacture of aircraft and aircraft components, approve training programs for carriers of dangerous goods, and ensure the safety and protection of assets and resources. The Committee’s initiatives are particularly significant as they contribute to the development of the Indian aviation sector, create job opportunities, and open doors for future innovative ideas and technological advancements. By working towards its objectives and ensuring that the organization has sufficient resources and staff to carry out Executive Committee policies, the Aerospace Management Committee is undoubtedly a valuable asset to the aerospace industry in India.