Godrej Aerospace Targets Airbus and Boeing Suppliers Amid Soaring Jet Orders in India

Godrej Aerospace, an Indian company, is actively seeking partnerships with suppliers to Airbus and Boeing as airlines continue to place record-breaking orders for jets. In light of the significant number of new plane orders from Air India and IndiGo, which amounts to nearly 1,000 planes, Godrej Aerospace anticipates a substantial demand for maintenance services for 2,000-2,500 engines.

Recognizing the need for Airbus and Boeing to expand their supply chains, the company’s associate vice president and business head, Maneck Behramkamdin, revealed that discussions are underway with tier two suppliers of the aircraft manufacturers.

The lucrative opportunities in supplying aircraft structures, as well as the substantial titanium requirements, make the Indian market an attractive prospect. Moreover, there will be a rising demand for the maintenance, repair, and overhaul of aircraft parts. Godrej Aerospace is no stranger to the aerospace industry, already exporting critical components to renowned engine manufacturers such as General Electric and Rolls-Royce. Behramkamdin shared this information during a media tour of the company’s Mumbai plant.

Godrej Aerospace forecasts that its civil aviation business will generate revenues of 1 billion rupees ($12 million) in the current fiscal year, accounting for 35% of its total revenues. The company expects this figure to increase to 50% next year. As part of India’s initiative to promote indigenous manufacturing and local sourcing in aerospace and defense, major companies like Airbus and Boeing have committed to increased local manufacturing and investment.

In addition to its existing endeavors, Godrej Aerospace plans to manufacture modules for GE 414 engines and become an integral part of the supply chain for future Indian fighter jets. This move follows a recent agreement between GE and Hindustan Aeronautics Limited (HAL) to jointly produce the engines, announced during Prime Minister Narendra Modi’s state visit to the United States. To support its expanding operations, Godrej Aerospace intends to invest 2.5 billion rupees ($30 million) in the establishment of a new advanced manufacturing facility in Khalapur, Maharashtra, focusing on assembly, integration, and other essential processes.

Sources: AirGuide Business airguide.info, Godrej Aerospace, reuters.com, boeing.com, airbus.com