Speaking at the Aero India 2021- 13th Biennial International Exhibition & Conference on 'Making India Self Reliant in Aerospace Manufacturing', organized by FICCI and Ministry of Civil Aviation, Mr Kharola said that it is now time to move from generics to specifics as far as aerospace manufacturing is concerned. Drones are an important part of the aerospace industry. Our young entrepreneurs can capitalise on the various reforms being brought in by the government, he said.

Kharola said that the aerospace industry ranges from R&D and design, manufacturing to MRO. "The MRO (Maintenance,  Repair, Overhaul) is a fledgling industry, and we are working towards making it more vibrant and sustainable and to ensure that India emerges as the MRO hub of the region," he added.

Elaborating further, Kharola said that with fast expanding skies, most aircraft need to be sent abroad for maintenance and repair. "This is the lowest hanging fruit that needs to be plucked. We are working on certain reforms- the tax policies have been rationalised. As a result, our MROs are on a level playing field," he added.

He said that manufacturing that was thought to be an exclusive domain of the public sector, now has private players moving into India into the components manufacturing sector. This is a sector that needs to be strengthened further and this is the sector where the actual growth will come from. It can grow monumentally, he said.

We have a large defence requirement- the defence offset policy wherein a favourable environment has been created for investments to be made in India and this requirement will only increase. "We need to sit together with stakeholders and identify opportunities to get the required synergy to sustain the aerospace sector," he noted.

Sumita Dawra, Additional Secretary, Department for Promotion of Industry and Internal Trade, Govt of India said that the Indian aviation industry has witnessed a robust growth over the years. It plays a key role in connecting Indians across remote corners of the country. "The Indian civil aviation industry has become one of the world's most lucrative aviation markets. There are huge opportunities in the Indian aviation industry for investments. The world is focused on Indian aviation and business opportunities- from manufacturers, tourism boards to global businesses," she said.

Further, Dawra said that India will need a roadmap to boost manufacturing of the critical components. "India is open to partnering with the manufacturers of the world under Make in India and be a critical partner of the supply chain of aerospace manufacturing. The DPIIT has also been working on creating a national single window system which is projected to be launched by mid-April 2021, which will be a convergence point for clearances for investors. We have also put together and launched a GIS enabled land bank which is in public domain now," she added.

"We have also undertaken an exercise to rate industrial parks of the country to facilitate investors in making their investment choices," noted Ms Dawra.