The skill gaps in the Indian aviation industry, which is the ninth largest market in the world and will be the third largest by 2020, is sought to be bridged by the Indian Insti-tute of Aerospace Engineering and Management under the auspices of the Society of Indian Aerospace Technologies and Industries. It will take expert assistance from organisations like HAL, NAL, DRDO, ISRO, AM, Air India, BIAL, private carri-ers and many leading aerospace organisa-tions said Dr N.G.R. Iyengar director IIAEM. He is also pro-vice chancellor of Jain University that has designed and has just started offering MBA-aviation busi-ness management courses.
Dr Iyengar said avi-ation business man-agement could bec-ome a lucrative career for Indian stu-dents but there are not enough or good courses available. They are making a small beginning bec-ause whether in the aviation or the arms industry or in ma-naging the business jet fleets of Indian's growing number of billionaires, the job opportunities would be tremendous in the next 10 years.
The government is spending $12.1 billion in the airports sector in the 12th plan and $50 billion on defence needs and these are opportunities for Indian firms and skilled talent.
Today, the aviation workforce is trained on the job and this has serious limita-tions in management of airports and air-lines, research and development and related activities. HE added that there is a need to create awareness of the awe-some opportunities ahead.
For instance, the government will spend $100 billion on arms in the next 10 years and the oppor-tunity before the pri-vate sector is unpr-ecedented. But it wo-uld require quality talent for managing strategic business environment. Another area is the growing number of high net individuals. India has 7,850 ultra-high net individuals (HNIs) and 103 bil-lionaires and all of them have large busi-ness jet fleets or are acquiring them. There are also job opportunities in these sectors abroad, he said.
DC CORRESPONDENT MUMBAI, NOV. 28
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