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States » SouthPosted at: Feb 18 2019 5:56PM


HAL CMD Madhavan calls to emulate Israeli Model to tap huge global Aerospace and Aviation business opportunities

Bengaluru, Feb 18 (UNI) Hindustan Aeronautics Limited (HAL), Chairman and Managing Director R Madhavan today called upon Indian Aerospace and Aviation industry sector to emulate the 'Israeli model’ whereby they specifically develop and manufacture products not only for their domestic needs but also fully focus on the global markets.
Delivering his Keynote Address at a Conclave on Aviation Industry: Opportunities, Challenges, growth Potential and the Way Forward organised by Bangalore Chamber of Industry and Commerce (BCIC) here on Monday, Mr Madhavan said that “India needs to emulate the Israeli model wherein they manufacture aerospace and aviation products for the export market. Considering the huge global market that the Aerospace and Aviation industry offers, India needs to look more on the export market as we have the requisite technology, skilled manpower, low cost base and system integration capabilities to cater to the global markets”.
He said that “if Indian aerospace companies need to tap a sizable chunk of the global market, then they need to look at forming a consortium of MSMEs under the wings of a major aerospace player like HAL. It will be easy to tap and capture the global market pie. We need to work on this model.”
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