Largest ever Indian participation in Berlin Air Show ILA 2012
The Berlin Air Show ILA 2012 will see over 18 private aerospace companies from India participating in the International Suppliers Center from September 11 to September 13, 2012.
Companies participating in the Indian Business Delegation to ILA 2012 include Tata Advanced Materials, TAL Manufacturing Solutions, Rangsons Electronics, Aeromatrix, Kemrock Ltd, Fairtech, CADES Digitech, Amado Tools, Rapid Global Business Solutions, System Aids, Accord Software & Systems , Metallic Bellows, Sesha Tools, MKU, EIS, Hitech precision Aerospace, Axis Aerospace and BNR Exports, among others.
These companies offer a wide spectrum of products and services to the aerospace sector ranging from engineering and design support services to the manufacture of high precision aerospace components and assemblies.
The companies will be exploring opportunities for partnerships, joint ventures and technical tie ups to address the needs of India's rapidly growing aerospace market. The Indian Ministry of Defense will also be strongly represented in ILA 2012.
The Indian aviation industry is one of the fastest growing in the world. According to Airbus’ latest market forecast, Indian carriers will require 1,043 new passenger (1,020) and freighter (23) aircraft valued at US$145 billion between now and 2030 to satisfy surging annual demand.
The Indian armed forces are undergoing rapid expansion and modernization. India has already embarked on the ambitious program of replacing its ageing soviet era aircraft with state-of –the –art combat, reconnaissance and transport aircraft and helicopters. Procurement deals of over $25 billion have been signed by the defence ministry during the period 2007-2011.
The Indian Space Industry is estimated to be worth USD 125 billion. The investment in Space industry is expected to increase by 15% annually and is estimated to reach about USD 2 billion by 2014.
According to Mr. K Radhakrishnan, the Chairman of the Indian Space Research Organization, India is aiming for more international synergy in space missions and collaborations, partnerships and international synergy will make for a win-win situation for all stakeholders, enabling them to fight huge costs and human and related resources in taking up space missions.