Aviation, Defense Manufacturing and Space, collectively constituting a major portion of the Indian aerospace sector have been identified as core industries as part of Government of India’s ‘Make in India’ initiative. Viewed as an important strategic sector, the aerospace sector is open to 100% foreign shareholding following the administration’s liberalized FDI policy.
This presents tremendous opportunity in a country, which is likely to be the world’s third largest civil aviation country by 2020, is currently the largest defense market and has one of the most advanced and cost effective space programmes.
The space sector, in particular, offers tremendous opportunity for innovation and growth as it remains a nascent market. It has implications not only within the sector itself but for the broader information economy in areas such as communications, earth observation based applications, national security and space sciences. With experience in the UK space industry, we offer insight on a broad range of business opportunities in the domestic space sector and how to carve out a niche in one of the most dynamic industries of the 21st century.