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The Indian aerospace industry offers attractive prospects for international collaboration, driven by the country's growing capabilities, technological advancements, and strategic importance in the global aerospace market. International collaboration can facilitate technology transfer, allowing Indian companies to access cutting-edge aerospace technologies, expertise, and best practices from foreign partners. Joint research and development projects enable shared investments in innovation, leading to the development of new products, processes, and solutions.
Participation in global supply chains enhances competitiveness and market access for Indian aerospace firms, while also providing opportunities for foreign companies to leverage India's skilled workforce and cost-effective manufacturing capabilities. Government initiatives like the Strategic Partnership Model further promote collaboration between Indian and foreign companies in defense manufacturing and aerospace technology development. Overall, international collaboration strengthens India's position as a key player in the global aerospace industry and supports its goals of technological advancement, economic growth, and industrial self-reliance.
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