NITI Aayog, JIBCC Discuss Strengthening India

New Delhi, Dec 17 (KNN) Government think-tank NITI Aayog held a meeting with the Japan–India Business Co-operation Committee (JIBCC) of the Japan Chamber of Commerce and Industry (JCCI) to deepen bilateral collaboration in aerospace manufacturing, investment facilitation and business environment reforms.

Growing Aerospace Ecosystem

The meeting was addressed by Arvind Virmani, Member, NITI Aayog. Highlighting India’s rapidly expanding aerospace ecosystem, Virmani pointed to the growth of manufacturing clusters in Karnataka, Telangana and Maharashtra.

He also noted the emergence of over 1,300 Department for Promotion of Industry and Internal Trade (DPIIT)-recognised aerospace enterprises across the country.

Opportunities for SMEs

Discussions focused on opportunities for Japanese companies, particularly small and medium enterprises, to collaborate with Indian firms within established aerospace manufacturing clusters.

Japanese participants were also encouraged to leverage incentives under the Production Linked Incentive (PLI) and Drone PLI schemes for aerospace components, research and development.

Space Cooperation and Policy Reforms

The meeting further underlined ongoing cooperation between the Indian Space Research Organisation (ISRO) and the Japan Aerospace Exploration Agency (JAXA) in areas such as lunar exploration, satellite navigation and X-ray astronomy.

Recent reforms in Maintenance, Repair and Overhaul (MRO) policies, tax rationalisation and facilitation measures were also highlighted as key enablers supporting India’s emergence as a competitive aerospace hub in the Asia-Pacific region.

The engagement reaffirmed the shared commitment of India and Japan to strengthening technology collaboration, building resilient supply chains and promoting sustainable economic growth through closer industry partnerships.

(KNN Bureau)