India’s aircraft component sector takes flight
MUMBAI: Global aerospace giants are boosting their sourcing from India, accelerating growth in the country’s emerging aircraft component sector. Local companies are expanding capacities, moving beyond basic manufacturing to higher-value work, and scouting for acquisitions, with revenue numbers soaring due to robust orders.
The sector is also gearing up to launch about Rs 5,700 crore of IPOs in the next few months, given the buoyant equity market and growing investor appetite for high-growth potential companies.
