Eyeing big orders from Indian airlines, world's leading aircraft maker Airbus has said that India's aviation market will grow at over 10% annually in next ten years, which would be double the average global growth rate.
Bullish on India as a marketplace as well as manufacturing hub, Airbus has already committed to source products worth $2 billion cumulatively over the next five years and it is now looking to provide customised maintenance and other services for all its airline customers in India closer to their base.
"India is very much on Airbus map for all the important work that we do globally and it is not just from the market perspective," Airbus India Managing Director Srinivasan Dwarkanath told PTI in an interview here at the Paris International Air Show.
"In terms of market, India will be one of the top three aviation markets globally in the next 20 years. It is already one of the fastest growing markets," he said, adding that the country would need to double its aircraft fleet even if one% more of its population starts travelling by air.
21/06/15 PTI/Bunsiness Standard
To Read the News in full at Source, Click the Headline
Bullish on India as a marketplace as well as manufacturing hub, Airbus has already committed to source products worth $2 billion cumulatively over the next five years and it is now looking to provide customised maintenance and other services for all its airline customers in India closer to their base.
"India is very much on Airbus map for all the important work that we do globally and it is not just from the market perspective," Airbus India Managing Director Srinivasan Dwarkanath told PTI in an interview here at the Paris International Air Show.
"In terms of market, India will be one of the top three aviation markets globally in the next 20 years. It is already one of the fastest growing markets," he said, adding that the country would need to double its aircraft fleet even if one% more of its population starts travelling by air.
21/06/15 PTI/Bunsiness Standard
