India Soars as Boeing & Airbus Eye Major Partnerships
Boeing and Airbus are eyeing India as a major hub for aircraft parts manufacturing. With a promising trade agreement, the US plans to lift tariffs on these components, while Boeing already sources over USD 1.25 billion annually from India. Airbus aims to increase its sourcing to USD 2 billion by 2030.
- Country:
- India
Boeing and Airbus are setting sights on India as a pivotal hub for aircraft parts manufacturing, according to Commerce and Industry Minister Piyush Goyal.
With the US agreeing to remove tariffs on select Indian aircraft components, the collaboration between these aviation giants and India is set to deepen, as Boeing already exceeds USD 1.25 billion in annual sourcing from the country.
Airbus, following this trajectory, plans to elevate its sourcing to USD 2 billion by 2030, underscoring the growing significance of the India-US aviation alliance.
Advertisement
ALSO READ
-
Ganguly Champions India's Aggression in T20 World Cup
-
Dramatic Victory as India Overtakes Netherlands in Davis Cup Thriller
-
Global Recognition for Indian Icons at Lokmat One World Summit in Cairo
-
Boosting Indian Defence Startups: A Call for Venture Capital
-
Yuki Bhambri and Dhakshineswar Suresh pip David Pel and Sander Arends to put India 2-1 ahead in Davis Cup Qualifiers against Netherlands.
Google News