<p>With calls for the government to liberalise foreign direct investment (FDI) norms to allow foreign airlines to invest up to 49 percent in domestic air carriers, India will see a tremendous need for aerospace engineers in the next decade, experts said.<br /><br /></p>.<p>Speaking on the sidelines of Zephyr-2012, the annual aviation festival of Indian Institute of Technology, Air Marshal (retd) J.S. Gujral said that the demand will also grow in civil aviation.<br /><br />“With the growing need for setting up better MRO (maintenance, repairs and overhaul) facilities in India, the demand of such engineers will only increase,” Gujral told IANS.<br /><br />According to experts, India will need in excess of 50,000 trained and licensed engineers by 2020 to service the demand of a slew of both Indian and foreign aircraft maintenance facilities.<br /><br />“Several foreign aircraft maintenance facilities are eyeing opening new units in the country, to service the demand of a growing aviation industry,” said Bharat Malkani, chairman and managing director of Max Aerospace and Aviation Ltd.<br /><br />“We have around 25,000 licensed engineers in India. Every year only 350-400 aeronautical engineers pass out from various IITs and other recognised training institutions,” he added.<br /><br />Stating that young aspiring engineers should look to taking up aerospace engineering as a career, Malkani noted that India will be able to deliver only 4,000 such engineers in the next eight years.<br /><br />“Salaries over the next three-five years will skyrocket by more than 150-200 percent due to this scarcity, which is good for the students eyeing a career in aeronautical engineering,” he said.<br /><br />The demand will also find its basis as there is an increasing need for new MRO facilities in India.<br /><br />According to aviation ministry officials, by 2025, India’s airlines will operate about 1,800 aircraft, handling an estimated 400 million passengers a year.<br /><br />An estimate by Ernst & Young says that the Indian MRO industry in the aviation sector will receive investments up to $30 billion by 2020.<br /><br />"The reason why India’s MRO industry will develop is because it is cheaper and faster to repair in India than send the planes abroad for maintenance," Gujral said.<br /><br />“Again, due to this we will need more aircraft maintenance engineers and considering that there is a huge demand of such engineers, their salaries will also take a huge jump,” he added.<br /><br />Gujral, however, said that there are major challenges to be overcome in positioning India as a cost-efficient MRO hub.<br /><br />“These include high taxes, regulatory issues, a shortage of space at major airports and high attrition rate of skilled labour due to the growth of MRO activities in Middle East and Far East,” he said.</p>
<p>With calls for the government to liberalise foreign direct investment (FDI) norms to allow foreign airlines to invest up to 49 percent in domestic air carriers, India will see a tremendous need for aerospace engineers in the next decade, experts said.<br /><br /></p>.<p>Speaking on the sidelines of Zephyr-2012, the annual aviation festival of Indian Institute of Technology, Air Marshal (retd) J.S. Gujral said that the demand will also grow in civil aviation.<br /><br />“With the growing need for setting up better MRO (maintenance, repairs and overhaul) facilities in India, the demand of such engineers will only increase,” Gujral told IANS.<br /><br />According to experts, India will need in excess of 50,000 trained and licensed engineers by 2020 to service the demand of a slew of both Indian and foreign aircraft maintenance facilities.<br /><br />“Several foreign aircraft maintenance facilities are eyeing opening new units in the country, to service the demand of a growing aviation industry,” said Bharat Malkani, chairman and managing director of Max Aerospace and Aviation Ltd.<br /><br />“We have around 25,000 licensed engineers in India. Every year only 350-400 aeronautical engineers pass out from various IITs and other recognised training institutions,” he added.<br /><br />Stating that young aspiring engineers should look to taking up aerospace engineering as a career, Malkani noted that India will be able to deliver only 4,000 such engineers in the next eight years.<br /><br />“Salaries over the next three-five years will skyrocket by more than 150-200 percent due to this scarcity, which is good for the students eyeing a career in aeronautical engineering,” he said.<br /><br />The demand will also find its basis as there is an increasing need for new MRO facilities in India.<br /><br />According to aviation ministry officials, by 2025, India’s airlines will operate about 1,800 aircraft, handling an estimated 400 million passengers a year.<br /><br />An estimate by Ernst & Young says that the Indian MRO industry in the aviation sector will receive investments up to $30 billion by 2020.<br /><br />"The reason why India’s MRO industry will develop is because it is cheaper and faster to repair in India than send the planes abroad for maintenance," Gujral said.<br /><br />“Again, due to this we will need more aircraft maintenance engineers and considering that there is a huge demand of such engineers, their salaries will also take a huge jump,” he added.<br /><br />Gujral, however, said that there are major challenges to be overcome in positioning India as a cost-efficient MRO hub.<br /><br />“These include high taxes, regulatory issues, a shortage of space at major airports and high attrition rate of skilled labour due to the growth of MRO activities in Middle East and Far East,” he said.</p>