Collins Aerospace Expands Operations in India; Inaugurates Global Engineering & Tech Centre
Collins Aerospace announced that it will be expanding its operations in India. The company inaugurated its Global Engineering & Tech Centre and a new India Operations Centre to mark its 25th year in Bengaluru. The aerospace company has also pledged significant capital and manpower investments over the next five years. The setting up of the centre is a milestone for its engineering and manufacturing operations in India.
According to a press statement from Collins, “Given that the Indian aerospace & defence (A&D) market is projected to reach 70 billion USD by 2030, the expansion provides an opportunity to collaborate and innovate cutting edge solutions in the A&D space. It will also provide additional STEM-based opportunities in the country to nurture local talent.”
Commenting on how the government is on an aggressive path to develop India as a major aerospace hub and global exporter, Minister for IT & BT, Science & Technology, Higher Education, Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, Dr C N Ashwath Narayan said, “As one of the largest and fastest growing aviation markets in the world, India needs to constantly strategize and adapt to changing environments, as well as develop local programmes to drive this growth such as our Regional Connectivity Scheme (RCS or UDAN) to bring flying to the masses at subsidized fares. The setting up of the global tech centre is a major sign of confidence that Karnataka has what it takes to support the company’s global expansion plans. The Ministry will support and facilitate Collins’ growth strategies in Karnataka moving forward and strengthen the company’s longstanding relationship with the state.”