India’s Aerospace Ambitions Take Flight with PLI Scheme Momentum

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India’s aerospace sector is poised for a transformative leap, driven by the proposed Production Linked Incentive (PLI) scheme tailored for highvalue manufacturing. Anuj Jhunjhunwala, CEO of JJG Aero, believes this initiative could be the catalyst that propels India into the heart of the global aerospace supply chain.

Key Highlights:

The PLI scheme aims to incentivize domestic production of aerospace components, encouraging OEM certifications and reducing reliance on Western material mills.
JJG Aero, based in Bengaluru, has already seen exponential growth—scaling from $2 million to $20 million in revenue over six years—thanks to rising global demand and improved onboarding speed.
India’s aerospace exports exceed $2 billion annually, yet value addition remains under 30%. The PLI scheme could help shift this balance by supporting local sourcing and advanced manufacturing capabilities.

Strategic Context:

Global aerospace giants like Airbus, RollsRoyce, and Pratt & Whitney are increasingly sourcing parts from India, citing cost efficiency and supply chain resilience.
JJG Aero is investing Rs 500 crore in a third facility to expand into builttospec manufacturing, heat treatment, and mechanical assemblies—signaling a shift from basic machining to integrated solutions.
The Aerospace India Association estimates India could capture 10% of the global supply chain market by 2033, up from the current 1%.

Industry Outlook:

With massive aircraft orders from IndiGo and Air India fueling demand, and policy support aligning with industry needs, India is fast becoming a preferred destination for aerospace sourcing and innovation.

Sources: ETManufacturing, Economic Times, The Hindu BusinessLine, AeroDef Dialogues, JJG Aero CEO Interview