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
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
MATRIX COMSEC PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
PDRL - Passenger Drone Research Pvt. Ltd.
ALPHAMAX TECHNOLOGIES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SRIDHAR VEMBU
Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
PARTNER SPEAKERS
PSU
NSE - National Stock Exchange Â
NSE is the leading stock exchange in India....
ITI - ITI LimitedÂ
ITI Limited is a leading provider of telecommunications equipment, sol...
RailTel Corporation of India LimitedÂ
RailTel is a leading telecommunications infrastructure provider in Ind...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - ANJALI SUD, CEO – Tubi
Anjali Sud, the former CEO of Vimeo, now leads Tubi, Fox Corporationâ€...
Indian Tech Talent Excelling The Tech World - Aman Bhutani, CEO, GoDaddy
Aman Bhutani, the self-taught techie and CEO of GoDaddy, oversees a co...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
