Analysis: India's aerospace suppliers see upside in parts-making from record jet orders

PARIS/DELHI, June 28 (Reuters) - Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production.

Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace.

Now, small and medium suppliers want to capitalize on that to drive more sales of locally sourced parts, they told Reuters on the sidelines of the Paris Airshow last week.

"Today we are going to be the largest purchaser of planes in the world," said Shekhar Sardessai, managing director at Kineco Group, a supplier in the western state of Goa, referring to India.

"We deserve a piece of that pie," added Sardessai, whose company makes engine and plane interior parts.

While French engine maker Safran (SAF.PA) has plans for an engine repair and overhaul facility in India, about 90% of the country's aircraft maintenance and repair activity occurs outside its borders, according to consultancy Deloitte.

The Indian repair and overhaul industry is expected to grow to $4 billion by 2031, up from $1.7 billion in 2021, Deloitte said.

India's civil aviation ministry expects the orders to boost aerospace manufacturing in the country, but it cannot mandate local production since th...
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