The head of Airbus India highlighted the potential benefits of extending production-linked incentives (PLI) to India’s aerospace sector. This move could significantly enhance local manufacturing capabilities, fostering greater investment, technology transfer, and strengthening India's position as a global aerospace manufacturing hub.
Airbus India’s leadership has called for the extension of India’s production-linked incentive (PLI) scheme to the aerospace industry, spotlighting the sector’s untapped potential for growth and manufacturing diversification. This recommendation aims to leverage India’s emerging aerospace capabilities to catalyze advanced manufacturing investments and localize supply chains.
Key Highlights
PLI Extension Proposal: The Airbus India head emphasized that expanding PLI benefits beyond traditional sectors to include aerospace could unlock new manufacturing capacities within India.
Manufacturing Momentum: India’s aerospace industry, currently witnessing growth in defense and civilian aviation segments, stands to gain from incentives that can attract global players and boost indigenous production.
Investment & Technology Transfer: With supportive policies, more global aerospace firms might establish facilities, leading to technology transfers and skill development aligned with India’s Make in India goals.
Global Aerospace Hub Vision: Enhancing production capabilities through PLIs aligns with India’s ambition to be a competitive global aerospace manufacturing and export hub, contributing to employment and economic growth.
Industry leaders underline that the extended PLI scheme could be a gamechanger for the aerospace ecosystem, attracting scale and sustaining long-term development.
Sources: Reuters, Economic Times, Business Standard, Airbus India statements.