Aerospace Engineers Salaries may increase by 150-200 percent
Wednesday
, Posted by AME at 7:06 AM
In near Aerospace Engineers are in demand and Salaries will skyrocket by more than 150-200 percent
At the annual aviation festival of Indian Institute of Technology, Air Marshal (retd) J.S. Gujral said "With the growing need for setting up better MRO (maintenance, repairs and overhaul) facilities in India, the demand of such engineers will only increase.
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.
"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.
"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.
According to aviation ministry officials, by 2025, India's airlines will operate about 1,800 aircraft, handling an estimated 400 million passengers a year.
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.
"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.
An estimate by Ernst and Young says that the Indian MRO industry in the aviation sector will receive investments up to $30 billion by 2020.
"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.
Source: Indo Asian News Service
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.
"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.
"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.
"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.The demand will also find its basis as there is an increasing need for new MRO facilities in India.
According to aviation ministry officials, by 2025, India's airlines will operate about 1,800 aircraft, handling an estimated 400 million passengers a year.
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.
"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.
An estimate by Ernst and Young says that the Indian MRO industry in the aviation sector will receive investments up to $30 billion by 2020.
"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.
Source: Indo Asian News Service
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