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With global aircraft manufacturers including Boeing and Airbus looking to Indian companies for components, there is a bit of India in many commercial and defence planes crisscrossing the world.
At the age of seven, Udayant Malhoutra’s passion for aeromodelling led him to build fairly complex aero models. Today, he is the CEO and Managing Director of Dynamatic Technologies, one of the main suppliers of complex aeronautical parts, structures and designs for Boeing, Airbus and Bell Helicopter.
Like Dynamatic Technologies, Karnataka-based Aequs is a key supplier of parts used in commercial aircraft worldwide. “There is some part made in Belagavi (where the company's plant is located) in almost every commercial aircraft across the world,” says Aravind Melligeri, Chairman and CEO of Aequs.
Mahindra Aerostructures, too, produces parts for all commercial aircraft produced by Boeing and Airbus.
Today, Dynamatic Tech, Aequs, the Tatas, Mahindras and many other large and small companies have made India a sought-after location for the supply of aircraft components by global manufacturers.
It’s a big business that is growing bigger by the day. While Boeing’s sourcing from India is worth approximately $1 billion today, the country’s contribution to Airbus’s global products through procurement of both components and services is worth more than $650 million annually.
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