Airbus To Double Sourcing From India To $1.5 Billion As Plane Orders Soar
NDTV
Indian carriers IndiGo, Air India and Akasa are set to receive deliveries of hundreds of new planes over the next decade in a boost for local component manufacturers that supply parts to planemakers and engine companies.
Airbus expects to double the total value of parts it sources from India to $1.5 billion in coming years, the planemaker's India chief said on Thursday, as it looks to ride the boom in the world's fastest growing aviation market.
Indian carriers IndiGo, Air India and Akasa are set to receive deliveries of hundreds of new planes over the next decade in a boost for local component manufacturers that supply parts to planemakers and engine companies.
Airbus has more than 40 suppliers in India, including Tata Advanced Systems and Mahindra Aerospace, which provide components and services for its commercial and defence aircraft as well as helicopter platforms.
