Airbus plans to double procurement from India
By MYBRANDBOOK
Airbus plans to double the procurement from India to $1.5 billion from $750 million in coming years, said Remi Maillard, President of Airbus India and South Asia at the "Wings India" event.
"Global aviation is pivoting to India and we are only seeing the tip of the iceberg," said Maillard, adding that the Indian aviation supply chain is transforming.
India-based airlines IndiGo, Air India and Akasa will 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.
In India, Airbus has over 40 suppliers which includes Tata Advanced Systems and Mahindra Aerospace, which provide components and services for its commercial and defence aircraft as well as helicopter platforms.
The aviation market in India is growing rapidly. The total fleet size of its airlines is set to grow to over 2,000 by 2030 from about 700. The government is also investing around $ 12 billion to set up new airports and refurbishing existing ones.
Domestic manufacturers have kept pace and grown their capacities by "leaps and bounds", Civil Aviation Minister Jyotiraditya Scindia said at the event, adding that aerospace manufacturing is taking strong roots.
"There is not a single aircraft that is produced by Airbus or Boeing internationally today that does not carry a part that is made in India," Scindia added.
As both planemakers – Airbus and Boeing are sourcing all kinds of parts from India, Scindia said "the time is right" for them to look at setting up a final assembly line for planes in the country.
The latest push comes amid large plane orders for Airbus and Boeing. IndiGo placed a record order for 500 Airbus planes last year while Air India has ordered 470 planes split between the two planemakers.
Recently, India's Akasa Air ordered 150 narrowbody planes from Boeing.
BREAKING NEWS
TECHNO TRENDS
Google to invest fresh $1 bln in OpenAI rival Anthropic
Google is making a fresh investment of more than $1 billion into AI startu...
Ola Electric Faces Scrutiny By SEBI
Ola Electric Mobility Limited has received an administrative warning from...
Microsoft announces US $3bn investment to strengthen India's c
During his visit to India, Microsoft Chairman and CEO Satya Nadella has t...
Parliamentary panel pulls up IT ministry for underutilizing se
A parliamentary panel on Communications and IT has pulled up the MeitY fo...
E-Magazine
TECHNOTAINMENT
Sandhya Theatre stampede case: Allu Arjun sent to 14-day judic
Allu Arjun has been sent to 14 days of custody in connection with the deat
Pushpa 2 leaks online after recording highest pre-sales in Ind
Pushpa 2, which is one of the most anticipated films of the year, has had a
MOVERS & SHAKERS
Achint Setia named Snapdeal CEO, Himanshu Chakrawarti to lead
AceVector Limited has announced two key leadership changes aimed at drivin
Kamal Nath quits SIFY Technologies
Headquartered in Chennai, India, Sify - a NASDAQ-listed company is a comp
OPEN YOUR EYES
INTERVIEWS
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTEÂ X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TALLY SOLUTIONS PVT. LTD.
POLYCAB INDIA PVT. LTD
RELIANCE JIO INFOCOMM LTD.
GLOBUS INFOCOM LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : RAJESH NAMBIAR
Rajesh leads the company’s India associates and enhances relationshi...
ICONS OF INDIA : SOM SATSANGI
With more than three decades in the IT Sector, Som is responsible for ...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
PARTNER SPEAKERS
PSU
IOCL - Indian Oil Corporation Ltd. Â
IOCL is India’s largest oil refining and marketing company ...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
NIC - National Informatics Centre Â
NIC serves as the primary IT solutions provider for the government of ...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
