New Delhi: Pratt & Whitney has signed multi-year supply agreements worth more than $40 million with Indian companies as it aims to increase its annual sourcing from India to $150 million by 2030. The move is expected to strengthen India’s aerospace manufacturing industry, support local suppliers and expand the country’s role in the global aircraft engine supply chain.
Pratt & Whitney Expands Its Indian Supplier Network
Aircraft engine manufacturer Pratt & Whitney has signed new supply agreements with several Indian companies. These include Bharat Forge, IAMPL, Godrej and Indo MIM.
The agreements are part of the company’s long-term plan to purchase more materials and components from Indian suppliers. The company believes India can play a bigger role in the global aerospace industry.
According to Ashish Saraf, Vice President and Country Head of Pratt & Whitney, the company remains confident of reaching its 2030 sourcing target.
Pratt & Whitney Aims For $150 Million Annual Sourcing By 2030
Pratt & Whitney aims to increase its annual sourcing from India to $150 million by 2030. The new agreements worth more than $40 million are an important step towards this goal.
The company wants to work with Indian manufacturers across the entire production chain. This includes sourcing raw materials and turning them into finished aircraft engine components. The plan could create more opportunities for Indian companies to supply high-quality parts to international aerospace manufacturers.
Indian Companies To Supply More Aerospace Components
The supply agreements cover companies with experience in manufacturing and engineering. Indian suppliers could get opportunities to expand their production capabilities and meet the strict quality standards required by the global aviation industry.
Pratt & Whitney is also working with suppliers to improve their skills in areas such as castings, forgings, raw materials and specialised manufacturing processes.
These improvements are important because aircraft engines require highly reliable components. Each part must meet strict safety, quality and certification standards before it can be used.
RTX Already Sources Over $500 Million From India
Pratt & Whitney is part of RTX, a major aerospace and defence company. RTX already sources more than $500 million worth of components and services from India every year.
The company has also invested around $240 million in India over the past five years. These investments have supported engineering, operations, training and digital capabilities.
RTX’s growing presence highlights India’s importance as a supplier of engineering services and aerospace products. More local manufacturing could help Indian companies become part of international production networks.
Pratt & Whitney Seeks More Government Support
Ashish Saraf has called for a dedicated production-linked incentive (PLI) scheme for the aerospace industry. Such a scheme could encourage companies to manufacture high-value aircraft components in India.
A phased approach could help businesses increase investment gradually while building the skills and infrastructure needed for advanced manufacturing.
The company has also highlighted the need for better access to finance, modern technology, faster certification and improved infrastructure around aerospace manufacturing clusters. Support for research, development and technical training could further strengthen India’s domestic aerospace industry.
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FAQs
Pratt & Whitney aims to increase its annual sourcing from India to $150 million by 2030.
Pratt & Whitney has signed multi-year supply agreements worth more than $40 million with several Indian companies.
The agreements include Bharat Forge, IAMPL, Godrej and Indo MIM, according to the reported announcement.
