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Major aerospace companies, including Airbus and Rolls-Royce, are intensifying parts sourcing from India, a move driven by disruptions in Western supply chains. According to insiders, this trend is benefiting Indian firms like Hical Technologies and JJG Aero, which are rapidly expanding their capabilities and revenues. Hical aims to increase its aerospace division revenue to approximately $60 million within three years, while JJG experienced substantial growth, jumping from $2 million to $20 million in revenue over six years.
With a projected 54% revenue increase in the Asia-Pacific aerospace market by 2024 compared to 2019, Western manufacturers are increasingly seeking to mitigate risks associated with strikes and parts shortages. Huw Morgan from Rolls-Royce stated, “India is the best solution to supply chain challenges,” as the company plans to double its sourcing from the country within five years.
As India's domestic aviation market continues to grow, experts project the nation could secure 10% of the global aerospace supply chain market by 2033.