Boeing logs ambitious business plan for India

New Delhi: Boeing is eyeing commercial aircraft orders worth over $40 billion in the next 20 years and defence sales of another $10 billion to $15 billion over the next ten years from India and has drawn up ambitious plans to source products and services from the country to stay “agile and competitive” in the global marketplace.
In a little over one year, Boeing has inked five agreements with top information technology and engineering companies , which will result in key components for its civilian and military aircraft being manufactured in India.
The most significant of these took place last month when Boeing signed a sourcing deal with TAL Manufacturing Solutions Ltd, a 100 per cent Tata Motors subsidiary, for floor beams made with titanium and composite materials for its 787 Dreamliner.
This will meet a large chunk of the $1.8 billion purchase obligation that Boeing carries for bagging the $11-billion, 67-aircraft deal from Air India.
In addition, Boeing along with Air India will set up a maintenance, repair and overhaul centre at Nagpur and a school for training pilots in Mumbai (the venue could change) at a total cost of $175 million.
24/03/08 Bhupesh Bhandari/Business Standard

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Categories: Foreign Mar 2008, Indian Aviation- In General Mar 2008