 "GE Aerospace plans to significantly boost sourcing from India amidst rising aviation demand, but global supply chain challenges remain.")
GE Aerospace is significantly increasing its sourcing of components from India, a rapidly growing aviation Market. With a manufacturing facility in Pune and additional operations in Bengaluru, the company currently works with 13 suppliers, including Tata Advanced Systems Ltd. Vikram Rai, CEO of GE Aerospace South Asia, noted that sourcing has surged by 20 times from 2018 to 2022. Amidst challenging global supply chain conditions, GE aims to leverage India’s engineering talent and production capabilities. The demand for aerospace components is projected to grow by 25 percent annually, prompting GE to deepen its commitments in India, where it supports both commercial and defense aviation needs.
Latest Update: GE Aerospace Expands Sourcing from India Amid Growing Aviation Market
In a significant move for the Indian aerospace sector, GE Aerospace has announced plans to increase sourcing of components from India. This comes as India emerges as one of the fastest-growing aviation markets globally. The company’s South Asia Chief Executive Officer, Vikram Rai, noted that sourcing has surged by 20 times from 2018 to 2022, highlighting the strong engineering talent and production capabilities present in India.
GE Aerospace currently operates a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru, collaborating with 13 major suppliers, including Tata Advanced Systems Ltd. Mahendra Nair, Group Vice President for Commercial Programs, emphasized that India’s role in the global supply chain is set to grow further, as domestic carriers expand their fleets to meet increasing demand.
Although the global supply chain situation in the aerospace industry remains challenging, with a projected growth in demand of 25 percent annually, GE Aerospace is committed to enhancing its sourcing strategy from India. “It is only upside and it is going to grow,” Nair stated, pointing to the technical standards required for collaboration.
Moreover, GE Aerospace’s operations extend beyond commercial aviation, powering vital defense systems for the Indian Air Force and Navy. With approximately 3,000 employees in India, the company is poised to strengthen its foothold in the rapidly evolving aerospace landscape.
In conclusion, as India solidifies its reputation as a key player in the aerospace industry, GE Aerospace’s strategic sourcing initiatives will likely drive growth and innovation in the sector.
Relevant Tags: GE Aerospace, Indian Aerospace, Aviation Market, Sourcing, Tata Advanced Systems, Defense Systems, Global Supply Chain.
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What is GE Aerospace planning to do with components in India?
GE Aerospace plans to increase the number of parts and components it sources from India to support its production needs. -
Why is GE Aerospace looking to India for sourcing?
India has a growing aerospace industry with skilled workers and competitive costs, making it an attractive option for sourcing parts. -
How will this decision affect jobs in India?
The increased sourcing from India may create more job opportunities in the local aerospace sector as demand for components rises. -
When will this change take place?
The specific timeline for increasing sourcing from India has not been announced, but GE Aerospace is working to implement it soon. - Will this affect the prices of GE’s products?
It’s possible that increasing local sourcing could help manage costs, but any impact on product prices will depend on various factors.
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