Mumbai: US aircraft manufacturer Boeing is open to picking up a stake in an Indian aerospace company, its India head said on Saturday. "We are open to it. The investment environment in India has improved," said Pratyush Kumar, president, Boeing India.
Kumar added however that a strategic partnership in this space would entail a host of regulatory approvals. He didn't elaborate on whether Boeing was in talks with any aerospace company in India. A strategic partnership would considerably expand the manufacturer's role in India's aerospace industry, apart from developing Narendra Modi's Make in India initiative. Boeing primarily has sourcing or technology sharing relationships with companies in India.
The company currently has about 160 planes flying in India, including 21 787 Dreamliner planes with Air India. It has delivered 10 C-17 Globemaster strategic airlifters and seven P8I maritime surveillance and antisubmarine aircraft to India's defence forces.
Read news in full20/07/15 Anirban Chowdhury/Economic Times
Kumar added however that a strategic partnership in this space would entail a host of regulatory approvals. He didn't elaborate on whether Boeing was in talks with any aerospace company in India. A strategic partnership would considerably expand the manufacturer's role in India's aerospace industry, apart from developing Narendra Modi's Make in India initiative. Boeing primarily has sourcing or technology sharing relationships with companies in India.
The company currently has about 160 planes flying in India, including 21 787 Dreamliner planes with Air India. It has delivered 10 C-17 Globemaster strategic airlifters and seven P8I maritime surveillance and antisubmarine aircraft to India's defence forces.
Read news in full20/07/15 Anirban Chowdhury/Economic Times
No comments:
Post a Comment