Beechcraft Corporation, world's leading manufacturer of business aircraft has identified India as one of the most attractive markets in the world for business aviation and will be making major investments in the country in the coming days.
Beechcraft anticipates that the fleet could continue to grow in parallel with India's increasing international trade, particularly as the country's leading entrepreneurs develop foreign trading partners.
This sector is expected to grow dramatically, with the number of wealthy entrepreneurs forecast to double between 2012-2022 (individuals with net assets of more than $10 million increasing from 8,481 to 17,032).
The company also opened a new office in New Delhi, India. Research for Beechcraft amongst global professional investors and senior business executives found that 96 percent of them forecast growth for the Indian economy over the next five years, with 2 in 5 (41 percent) stating that this growth will be significant.