Raytheon Technologies is looking for growth ranging from satellites to commercial aviation and is participating at Aero India 2021
Raytheon Technologies is bullish on its prospects in India and is participating at Aero India to further these goals.
The company is eyeing numerous avenues for growth within the country, ranging from satellites to commercial aviation and is keen to increase its manufacturing presence as well.
Raytheon Technologies is looking at the benefits of cost savings and talent acquisition within the country and has invested heavily in expanding its footprint in India over the years.
“I don’t think today any OEM (original equipment manufacturer) having interest in aerospace and defense can stay away from the Indian market,” said Sunil Raina, MD Collins Aerospace in India. “We are one of the pioneer companies in manufacturing here, with a presence in the country since 1997. We have skilful talent and we do business with almost 235 international patents. That tells you how much technology we are presenting on a global platform.”
“We are evaluating various options to increase our manufacturing footprint in India to support the initiative of Make In India, further boosting the manufacturing skill set as well as the digital economy,” said Parag Wadhawan, Executive Director at Collins Aerospace in India.
Teams at Collins Aerospace’s Hyderabad Design Center are exploring nearly anything related to the connected aviation ecosystem, including aircraft connectivity, touchless airport technologies, the application of AI, machine learning, augmented and mixed reality, system autonomy and data analytics.
According to Ashmita Sethi, president and country head for Pratt & Whitney India, India’s large defence budget offers huge opportunity to sell, partner, and work together. Opportunities abound in commercial and regional aviation as well. India will need more than 2,300 new planes – a value of about $330 billion – over the next 20 years.
“India will need to spend $440 billion on operating and maintaining this fleet,” Sethi said. “That is a tremendous aftermarket opportunity for companies like Raytheon Technologies, in partnership with India, to create a sustainable, competitive advantage in life cycle support for our customers.”
There are 1,500 Pratt & Whitney engines and auxiliary power units in service in India.
Raytheon Technologies is contributing to Make In India with its design and engineering centers, Skill India with its training center, and many STEM education programs, internships and scholarships to cultivate a highly skilled future workforce in aerospace and defence.
Approximately 5,700 people are employed in India across its four businesses – Pratt & Whitney, Collins Aerospace, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace India Team has produced more than 235+ patents and three Indian start-ups have also been selected to develop prototypes for more efficient aerospace technology.
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