rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Airbus to raise Indian outsourcing to $2 bn by 2020

Airbus to raise Indian outsourcing to $2 bn by 2020

Last updated on: April 11, 2015 20:40 IST

The aircraft maker expressed support to Modi's 'Make in India' initiative

Prime Minister Narendra Modi on Saturday received a boost to his 'Make in India' initiative when aircraft manufacturer Airbus disclosed plans to raise its Indian outsourcing to $2 billion and its keenness to manufacture in India.

On day-two of his France visit, Modi became the first Indian 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 in Toulouse 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 GroupCEO 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 $400 mil to 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.

Photographs via Twitter

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.