India on governor’s latest aerospace trade mission

Washington: Gov. Chris Gregoire has India in her sights as part of a trade mission in October.
The region's aerospace industry serves as the main draw for the trade trip, which kicks off Sept. 30 in Bangalore, India. The trip is being coordinated through the Department of Commerce and includes a stop in Seoul, South Korea.
India's aviation market is growing quickly. It's the ninth largest market in the world and is predicted to become one of the top five by 2020. A Boeing Co. study estimates India's aviation sector could be valued at $150 billion by 2030. The country's ministry of civil aviation predicts India will have a commercial jet fleet of 1,000 jets by the end of the decade. Besides its booming demand for commercial jets, India also has expanding military needs. The country's defense budget could increase to $44 billion by 2016 from its current value of $32 billion, according to a Commerce Department report.
04/09/12 Michelle Dunlop/Herald Everret

To Read the News in full at Source, Click the Headline

Categories: Foreign Sep 2012