Boeing may pilot captive unit in India

Bangalore: The $65-billion aerospace and defence behemoth, Boeing, is evaluating a captive centre and defence sub-assembly line in India apart from capturing business across the aerospace spectrum, including manufacturing, engineering, BPO, KPO, maintenance and raw material sourcing. Boeing could take the JV route to set up its captive centre or could establish it independently.
If that happens, Boeing will join a host of multinationals which entered India through partnerships before setting up their captive centres. Boeing has partnerships with several Indian technology majors such as Infosys, TCS, Infotech, HCL and research bodies like HAL and Indian Institute of Science in India.
On the commercial aviation front, Boeing has firm orders of around 140 aircraft from various Indian airlines, including Jet Airways, SpiceJet and Air India. It further aims to grab at least 50% of the projected 911 orders for commercial airplanes.
Meanwhile, Boeing is in the process of setting up $100 million maintenance, repair and overhaul (MRO) facility in Nagpur. It also has plans of investing $75 million for setting up training centres. The work on the MRO is expected to begin by year end or early next year. Boeing is in the process of finalising partners besides Air India for setting up the MRO. The MRO is expected to become operational by 2009.
10/09/07 Urvashi Jha & J Padmapriya/Economic Times

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Categories: Foreign Sep 2007, New Sep 2007