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Godrej & Boyce targets 35% growth in its commercial aviation business

Chandigarh, (Gurpreet) :Godrej & Boyce, the flagship company of the Godrej Group, 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 travel trends lift.

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.”