For Immediate Release:November 12, 2009
Contact: Mary Trupo (202) 482-3809
AEROSPACE SUPPLIER DEVELOPMENT MISSION TO INDIA OPENS DOORS FOR AMERICAN COMPANIES
WASHINGTON – The aerospace sector in India ranks among the world’s most dynamic, with airlines in India expected to procure more than $35 billion in equipment during the next five years. The United States Government, through the International Trade Administration, led an Aerospace Supplier Development Mission to India November 9-13, 2009, to help American businesses tap in to the vast Indian market.
The mission, headed by Deputy Assistant Secretary Karen Zens, included 11 U.S. aerospace companies and promoted US- India trade ties. The delegation visited New Delhi, Bangalore, and Hyderabad to introduce U.S. companies to key industry and government officials, potential strategic business partners and end-users for their products and services.
“The Indian market is particularly promising for U.S. suppliers seeking joint-venture opportunities. The evolution of the Indian aerospace industry is a part of a broader trend toward supply chain consolidation. This mission is one of many steps we are taking to foster and strengthen the relationships between U.S. companies and potential partners in India,” Zens said.
Participating U.S. companies, including several small and medium-size enterprises (SMEs), represent a wide range of aerospace component and service suppliers. During the mission, companies met with potential partners in India to establish business relations. Participants included Carlton Forge Works; David H. Sutherland & Company; Eaton Technologies; Esterline; FLIR Systems; Greenerd Press & Machine Company; Impex International; Industry Metals International; International Rite-Way Products; Kaman Aerostructures; and PCC Structurals.
India represents a large and growing market for air defense equipment, estimated at $5 billion annually. The visit, coordinated by the U.S. and Foreign Commercial Service offices in the United States and India, should help U.S. companies enter and expand their sales in the Indian market.
The goal of this and future SME-focused missions of the International Trade Administration to India is to strengthen partnerships between U.S. and Indian firms to foster innovation and create new jobs.
For more information about the Aerospace Supplier Development Mission to India, please visit http://www.buyusa.gov/.