Boeing eyes Rs 9000 crores business from India

Hyderabad, Bullish about India's growing aviation market, US aerospace major Boeing sees a $20 billion opportunity in the defence sector alone over the next decade.
The company is also eyeing $105 billion worth of orders for over 1,000 commercial airplanes from various Indian carriers over the next 20 years.
'We are excited about India's emerging aerospace and defence markets. On the back of the India-US nuclear deal, there are huge opportunities in the defence sector. There is $20 billion opportunity for Boeing in this sector alone over the next decade,' Boeing India President Ian Thomas said at meeting here Thursday on India-US economic cooperation.
Boeing was committed to India and was looking for long-term and strategic partnerships with Indian companies, he told the meeting, organised by the Confederation of Indian Industry (CII) to mark the visit of a US-India Business Council (USIBC) mission.
He later told newsmen that the company was bidding for Indian defence orders worth $15-$20 billion for F/A-18 Super Hornet combat jets, P8I maritime surveillance aircraft and Apache combat helicopters.
He said Boeing's 60-year journey in India had been exciting, pointing out that Air India had purchased airplanes worth $25 billion during last three years.
'There is boom in the civil aviation industry and we are proud to be part of that boom,' he said.
26/09/08 IANS/Andhra Cafe

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