Airbus To Double Sourcing from India To $1.5 Billion As Plane Orders Soar.
Airbus Takes Off in India: Doubling Down on Local Sourcing!
Airbus is soaring high in India! The aviation giant plans to double its sourcing from India to a whopping $1.5 billion in the coming years, capitalizing on the country’s booming aviation market.
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Here’s why this is a big deal:
- Local boom: This move fuels India’s growing aviation industry, benefiting local component manufacturers and creating jobs.
- Win-win situation: Indian carriers like IndiGo, Air India, and Akasa get access to new planes, while Airbus strengthens its foothold in the market.
- Beyond components: Airbus already partners with over 40 Indian suppliers like Tata Advanced Systems and Mahindra Aerospace for various aircraft and helicopter parts.
Remi Maillard, Airbus India’s president, predicts:
- “Global aviation is pivoting to India,” highlighting the country’s immense potential.
- “We are only seeing the tip of the iceberg,” suggesting even greater future growth.
Fueling India’s Aviation Takeoff:
- Passenger numbers are skyrocketing, with the fleet size expected to triple by 2030.
- The government is making massive investments in expanding airport infrastructure.
In short, Airbus’s increased sourcing is a win for everyone – the company, local businesses, and Indian aviation as a whole. Get ready for an exciting skyward journey!
The big news:
- Indian-made parts are everywhere! From Boeing to Airbus, major planemakers rely on “Made in India” components.
- Assembly dreams take off: With local suppliers proving their mettle, Scindia urges Airbus and Boeing to consider setting up final assembly lines in India. This could be a major political win for both sides.
Why the push?
- Mega orders: Airlines like IndiGo and Air India are placing record-breaking orders for hundreds of new planes, boosting demand for both parts and assembly capacity.
- Beyond value: While assembly represents a small portion of a plane’s cost, it carries big symbolic weight. Having Indian-assembled planes would be a major milestone for the country’s aviation industry.
The takeaway:
- India’s aerospace ambitions are soaring! Local suppliers are rising to the challenge, and calls for final assembly lines are growing louder.
- Airbus and Boeing face a choice: Embrace India’s full potential as a manufacturing hub or risk missing out on the future of this booming market.
India’s aerospace industry is taking flight! Domestic manufacturers are making “leaps and bounds” in growth, according to Aviation Minister Jyotiraditya Scindia, and it’s showing in every new plane.
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