1. OPPORTUNITY KNOCKS, AGAIN.
- Author
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Mecham, Michael, Anselmo, Joseph C., Barrie, Douglas, Wall, Robert, and Mathews, Neelam
- Subjects
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AEROSPACE industries , *HIGH technology industries , *AERONAUTICS , *SKILLED labor , *AIR shows , *SPACE industrialization - Abstract
This article reports that India has become another major market in the Asia-Pacific mix thanks to the confluence of its economy and a workforce skilled in computing, science and manufacturing. At last year's Paris air show, its airlines signed up for 140 new aircraft. Morgan Stanley analysts Heidi Wood and Greg Alexopoulos are skeptical about the groundswell of these growth plans, but there's no denying India's promise. For the aerospace industry, an even more important India-specific shift is underway. After decades of a U.S. boycott over its nuclear development program, warmer trade and defense relations have been established, as witnessed by a scheduled visit from U.S. President George W. Bush this month, and India is opening its industry and military contracts to foreign participation as never before.
- Published
- 2006