Aequs Aerospace in The Financial Express
February 18, 2019
The Karnataka-based aerospace components maker is recognised by global OEMs for its high level of precision engineering
According to a Global Market Insights Inc., report, India’s aerospace and defence market was estimated at over $10 billion in 2016 and is predicted to grow at an estimated CAGR of over 5% from 2017 to 2024. By 2029, this figure is expected to cross $70 billion. With programmes like Startup India and Skill India, Indian private players have witnessed original equipment manufacturers (OEMs) in aerospace and other sectors outsource parts of the value chain to them. There are also offsets being set up for private players in some sectors. When it comes to aerospace, one Indian company has been making in India even before it became a movement, with a keen understanding of the underlying potential.