A Study on Indian Aviation Sector Opportunities - With Special Reference to Commercial & Defence Aviation

Aviation and Aerospace sector is coming up as a great opportunity in coming years. 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. Similarly, in Defence Aerospace also many opportunities exist as India's Defense capex spends are continuously rising. This creates an opportunity in this sector for new entrepreneurs as well as existing aerospace service providers. The research paper mainly emphasizes on what and which kind of business opportunities are existing in the present aerospace market. It also discusses about Civil and Defence Aerospace MRO industry. It discusses ‘Make in India’ initiative benefits for aerospace products manufacturing. Interviews were 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.