• Godrej Aerospace is targeting 3 times growth in 3 years

Mumbai. 23 July 2022. Godrej & Boyce, has stated that its business Godrej Aerospace is targeting a 35% growth in its Civil Aviation business. This is owing to the 50% surge in demand that has been witnessed in this segment, from global majors including OEMs and engine manufacturers. With domestic travel having
recovered globally and with international travel scheduled to reach pre-covid levels by 2025,
the demand for civil aviation is accelerating.

The business is further eyeing three times growth by FY25 owing to the rising demand for aerospace components and parts as traveltrends lift and announced that technology expansion along with increasing global presence will drive this growth. This projected growth is also fuelled by major engine manufacturers
and global OEMs taking a keen interest in India. Catering to the current demand, Godrej
Aerospace is seen as a preferred partner owing to the integrated manufacturing facility
backed by capability and approvals that the Company has in the aviation industry for over a
decade. Godrej Aerospace has been manufacturing and supplying complex airworthy
systems for aircraft applications, including critical sheet metal brackets, complex
fabrications, hydraulic aggregates, crash-proof fuel tanks for helicopters, structural
assemblies, and many other products for key global partners. The business is AS9100
certified and NADCAP approved for special processes like chemical processes, welding, heat
treatment & brazing, NDT, composites, elastomer seals, measurement and inspection and
non-conventional machining. Godrej Aerospace has been partnering with ISRO for over 30
years to manufacture complex systems such as the liquid propulsion engines for PSLV and
GSLV rockets, thrusters for satellites, and antenna systems.

Maneck Behramkamdin, AVP & Business Head, Godrej Aerospace said, “The aviation
sector working towards recovering from a severe economic crisis, is now exhibiting
indications of confidence. Global OEMs are opening avenues for partnering with Indian
manufacturers. Considering the post-pandemic economic recovery, we are projecting three
times growth in the next three years in the civil aviation segment and expect this to revive
further.”