New Delhi, Nov. 22 -- Top global aerospace firms are urging India to bring a production-linked incentive (PLI) scheme for aerospace components, cautioning that the country could miss out on major manufacturing shifts unless it delivers a long-pending policy trigger. With Morocco, Turkey and Japan rolling out aggressive incentives, industry executives say India risks losing momentum in the industry unless it moves quickly.

Cutting across original equipment manufacturers (OEMs) including engine-makers such as RTX's Pratt & Whitney, airframe leaders like Airbus and Boeing, as well as several domestic players, the companies are seeking a scheme for aerospace component manufacturing on the lines of the PLI for drones that had expired in FY24....