Godrej & Boyce targets 35% growth in its commercial aviation business
~Improving infrastructure and government thrust coupled with the travel pick-up, has geared the demand for aerospace components and parts
~Godrej Aerospace is targeting 3 times growth in 3 years
Mumbai, 22nd July 2022: Godrej & Boyce, the flagship company of the Godrej Group, has stated that its business Godrej Aerospace is targeting a 35% growth in its Civil Aviation business. This is owing to the 50% surge in demand that has been witnessed in this segment, from global majors including OEMs and engine manufacturers. With domestic travel having recovered globally and with international travel scheduled to reach pre-covid levels by 2025, the demand for civil aviation is accelerating. The business is further eyeing three times growth by FY25 owing to the rising demand for aerospace components and parts as travel trends lift.
The Business announced that technology expansion along with increasing global presence will drive this growth. This projected growth is also fuelled by major engine manufacturers and global OEMs taking a keen interest in India. Catering to the current demand, Godrej Aerospace is seen as a preferred partner owing to the integrated manufacturing facility backed by capability and approvals that the Company has in the aviation industry for over a decade. Godrej Aerospace has been manufacturing and supplying complex airworthy systems for aircraft applications, including critical sheet metal brackets, complex fabrications, hydraulic aggregates, crash-proof fuel tanks for helicopters, structural assemblies, and many other products for key global partners. The business is AS9100 certified and NADCAP approved for special processes like chemical processes, welding, heat treatment & brazing, NDT, composites, elastomer seals, measurement and inspection and non-conventional machining. Godrej Aerospace has been partnering with ISRO for over 30 years to manufacture complex systems such as the liquid propulsion engines for PSLV and GSLV rockets, thrusters for satellites, and antenna systems.
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 post-pandemic economic recovery, we are projecting three times growth in the next three years in the civil aviation segment and expect this to revive further.”
About Godrej & Boyce Mfg. Co. Ltd
Godrej & Boyce (‘G&B’), a Godrej Group Company, was founded in 1897 and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and since then, has diversified into 14 businesses across various sectors from Security, Furniture, and Aerospace to Infrastructure and Defence. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily.
To learn more visit: www.godrej.com
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Priya Shetty: priya.shetty@adfactorspr.com, 9870774424
Zainab Najmi: zainab.najmi@adfactorspr.com, 7710877863
