Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country’s emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.

Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to five billion rupees ($57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.

JJG Aero, also in Bengaluru’s industrial hub, took 12 years to hit $2m in revenue but soared to $20m in the last six, said CEO Anuj Jhunjhunwala.

The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54 per cent above 2019 levels, while North America and Europe remain 3pc and 4pc lower, according to Accenture Research.

“Earlier, we were chasing customers. Now, they are equally interested in evaluating Indian machine shops,” Jhunjhunwala said, adding that contracts........

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