Released on = March 30, 2007, 2:05 am

Press Release Author = Shushmul Maheshwari

Industry = Aerospace

Press Release Summary = India is flying high on the back of healthy economy and
improving condition of middleclass. Now the fast growing aviation industry has given
it one more reason to smile.

Press Release Body = Currently, India, the second largest aviation industry of the
world, is riding high with over 8% economic growth coupled with a developing
middleclass, and a burgeoning base of air travelers. The rising need for amending
the present fleet of fighter jets adds to India's positives and makes it an exciting
market full of untapped opportunities.

Aero India 2007, which held in Bangalore (India) recently, registered the
participation of big aerospace companies and inking of alliances and investment
agreements.

India, following worldwide trends, proclaimed its own offset policy for procurement
contracts. The defense quota being constantly growing, the competition among the
defense suppliers from US, Russia, and Europe is tough. This opens the doors of
opportunities for manufacturers and GSP (Global Service Providers) in India.

Rising demand from the defense and aviation sector of India along with the State's
procurement offset policy contributed to the surge in participation and alliances.

The offset policy drafted by the State and related to defense procurements has been
extended to buy state-owned carriers also such as Indian (previously Indian
Airlines), and Air India.

The offset policy anticipates the beneficiary holders to infuse 30% of the deal
value in India (if the total worth of deal goes beyond $70 Million) by establishing
training facilities, technology sharing, sourcing components, or using IT services
from GSPs based in India.

The worldwide aerospace players have a preference for services of GSPs from India,
like Infosys, Satyam, HCL, Wipro, and TCS, whose GDM (Global Delivery System) have
been valued on international scale. This will result in global players easily
meeting the offset requirement of 30%.

India is making it niche as a manufacturing hub, thanks to its influential technical
expertise and cost-efficient environment. The manufacturing segment is projected to
be another main beneficiary of the State' offset policy, and this is likely to
result in deals cut across the 30% offset limit.

RNCOS report "Global Aerospace Market Forecast (2006-2009)" says, Indian aerospace
industry is witnessing three main trends - fast growth in civil aviation,
development in manufacturing (especially in the private sector), and emergence of
India as an aerospace technology-sourcing center.

The market research report gives an insight into the global aerospace industry with
focus on prominent economies of the world with well-established aerospace
industries. It gives a rational analysis of the current trends, opportunities,
market characteristics, and future outlook with situation and impact analysis and
sensitivity and success factors.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM052.htm
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