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Wednesday, 1 October 2014

PM Modi's US visit: Boeing keen on greater engagement with India

Defence major Boeing today proposed greater business engagement with India, as Prime Minister Narendra Modi promised the US companies to provide friendlier business environment in the country.

In a one-on-one meeting with Modi, Boeing CEO James McNerney said that the company wants to accelerate its engagement with India.

The meeting followed a power-packed breakfast meet Modi had with CEOs of other 11 large American corporations including PepsiCo, Citigroup, Google, Cargill and Carlyle Group.


With nearly USD 87-billion annual turnover globally, Boeing is a major player in Indian defence and aerospace sectors. Its engagement with India is nearly 70 years-long and Boeing jets are one of the mainstays of the country's domestic and intercontinental commercial fleets.

In June 2011, India signed an agreement with the US government to acquire 10 Boeing C-17 Globemaster III airlifters.
Read news in full 29/09/14 PTI/Economic Times

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