Aerospace giants want India to launch new incentives for manufacturing
Big names like Airbus, Boeing, and Pratt & Whitney are nudging India to roll out a production-linked incentive (PLI) scheme for aerospace parts.
Their pitch? Other countries like Morocco, Turkey, and Japan already offer tempting deals, so India risks missing out if it doesn't step up.
The idea is similar to a previous drone incentive program that ran until last year.
Why this matters: Boosting India's aerospace game
A fresh PLI scheme could help India become a bigger player in global aerospace by pulling in more investment and encouraging local production.
There's already momentum—Safran is setting up a $150 million repair hub in Hyderabad—but the industry still faces hurdles like tricky access to materials.
Industry leaders are hoping for a 10-year incentive plan to make long-term growth possible, especially as companies like Airbus aim to ramp up sourcing from India before 2030.