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Aviation and Aerospace sector is coming up as a great opportunity in coming years despite Covid 19 issue One can very well ignore the failure of Jet Airways and Kingfisher Airlines in India as opportunity of growth is tremendous in India The country is set to become 3rd largest aviation market by the end of 2020 With big ticket Aircrafts orders from Indian carriers such as Indigo, SpiceJet and current emphasis on Powered by Hour contracts (PBH), many of the aerospace services and manufacturing activities are expected to be performed within India This creates an opportunity in this sector for new entrepreneurs as well as existing aerospace service providers Civil aerospace sector expected continuously to grow by 10-15% in India which already evident from past 15 years\' growth records of this sector Similarly, in Defence Aerospace also many opportunities exist as India\'s Defense spends are continuously rising There are from Design solution to actual modification of defence aircraft in order to meet modern Data acquisition and combat requirement Many of the components can be manufactured in India subjected to developing R&D with the help of Original Equipment Manufacturer (OEM) or on Own Here government ensured that the OEM will be supporting the Indian Company due to offset obligation This sector has already given many opportunities to entrepreneurs These opportunities range from small component manufacturing in India to big Airframe parts Also in service sector starting from providing ground services to provide critical design services for aircraft manufacturing companies Such opportunities need to be taken up in India at current time as many of these areas are untapped so far and hence Entrepreneurs can be used the same for their growth as well as create job opportunities The research paper mainly emphasizes on what and which kind of business opportunities exist in the present aerospace market? It also discusses about whether Civil and Defence Aerospace/ Maintenance, Repair & Overhaul (MRO) industry should be considered as a big investment opportunity in India? Does the current, \'Make in India\' initiative by government of India is also expected to provide further boost to aerospace products manufacturing? Primary research in the form of interviews was taken from the people associated with civil and defence aerospace Industry These views along with specific opportunities discuss in this research article will be helpful for existing as well as future entrepreneurs for considering this sector for investment as well as potential growth
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Pacific_Business_Review_International
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An Entrepreneurial Opportunity in Civil Aviation & Defence Aerospace Sector in India
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