Godrej Aerospace, a business unit of Godrej & Boyce, the flagship company of Godrej Group, participating in the ongoing Paris Airshow, sees favourable demand for its products in the export market. The aerospace firm is looking at growth exceeding 100% in the civil aviation segment by 2026.
The company focuses on innovation and exports to Europe as it looks to solidify its position as a key global player. Godrej Aerospace also establishing a new Centre of Excellence for tubes & ducts in 2023, alongside its existing Centre of Excellence for brackets.
Maneck Behramkamdin, AVP & Business Head, Godrej Aerospace, said, 'The aviation sector, working towards recovering from a severe economic crisis, is now exhibiting indications of confidence. Global OEMs are opening avenues for partnering with Indian manufacturers. Considering the recent economic recovery, we are projecting 100% growth in the next three years in the civil aviation segment and expect this to revive further as exports grow in key markets.'
The company is actively capitalising on international market trends, especially related to the industry's upward trajectory, regarding the demand for single-aisle aircraft and engines.
In FY23, it reported €10 million in revenue in the civil aviation segment. The company has secured significant new orders, particularly in sheet metal brackets, complex fabrications, tubing, and ducting.
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