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Airbus to increase India sourcing to $2 billion by 2020

Company said it's making large number of products in the country, where collectively more than 5,000 people are employed

Water drops are pictured on an umbrella with Airbus logo.

Bullish on India as a market place as well as a manufacturing hub, leading aircraft maker Airbus today said it has begun sourcing components for almost all its jets from the country and aims to take its cumulative sourcing from there to USD 2 billion in the next five years. Showering fulsome praise for the Modi government's Make in India campaign, Airbus said it's making large number of products in the country, either directly or through its supply partners, where collectively more than 5,000 people are employed. "It's a great initiative and we are already pushing for ...