Airbus to increase outsourcing in India

Image
Press Trust of India Toulouse
Last Updated : Apr 11 2015 | 7:57 PM IST
Prime Minister Narendra Modi today received a boost to his 'Make in India' initiative when aircraft manufacturer Airbus disclosed plans to raise its Indian outsourcing to USD 2 billion and its keenness to manufacture in India.
On day two his France visit, he became the first Prime Minister to visit the World War I memorial in the northern city of Lille to pay homage to 10,000 Indian soldiers who died fighting Germany alongside France in the war between 1914-18.
Laying a wreath at the martyr's memorial, the Prime Minister spent about 50 minutes as several Indians gathered raised 'Vande Matram' slogans.
Accompanied by French Foreign Minister Laurent Fabius, Modi arrived here in Air India One and went straight to the facility of Airbus, one of the two major global manufacturers of aircraft and too a tour of the plant.
"We are honoured to host Prime Minister Modi in Toulouse and convey to him our desire to forge a stronger industrial bond with India. India already takes a centre-stage role in our international activities and we want to even increase its contribution to our products," said Airbus Group CEO Tom Enders, who received the Indian leader.
"We support Prime Minister Modi's 'Make in India' call and (we) are ready to manufacture in India, for India and the world," he added.
MEA spokesperson Syed Akbaruddin tweeted, "500 per cent increase in 5 years. @Airbus to PM @narendramodi: Indian outsourcing to increase from USD 400 mil to USD 2 billion."
In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people.
The group's senior representative conveyed their decision to expand these centres so that they can take on comprehensive design responsibilities for future Airbus group programmes.
Prime Minister Modi was given a tour of the Airbus A380 final assembly line. Currently, four A380 flights serve India daily.
"Much larger markets are waiting to be tapped, the potential for A380 to help Indian carriers win greater multinational market share with a flagship aircraft is enormous," an Airbus press release said.
The group is willing to set up final assembly lines and establish supply chains and related infrastructure for military transport aircraft and helicopters in India, the press release said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 11 2015 | 7:57 PM IST

Next Story