Mumbai: US aircraft manufacturer Boeing is open to picking up a stake in an Indian aerospace company, its India head said Saturday. "We are open to it. The investment environment in India has improved," said Pratyush Kumar, President, Boeing India.
Kumar added however that a strategic partnership in this space would entail a host of regulatory approvals. He didn't elaborate on whether Boeing is in talks with any aerospace company in India.
A strategic partnership would considerably expand the manufacturer's role and involvement in India's aerospace industry, apart from developing Narendra Modi's Make in India initiative. Boeing primarily has sourcing or technology sharing relationships with companies in India.
18/07/15 Anirban Chowdhury/Economic Times
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Kumar added however that a strategic partnership in this space would entail a host of regulatory approvals. He didn't elaborate on whether Boeing is in talks with any aerospace company in India.
A strategic partnership would considerably expand the manufacturer's role and involvement in India's aerospace industry, apart from developing Narendra Modi's Make in India initiative. Boeing primarily has sourcing or technology sharing relationships with companies in India.
18/07/15 Anirban Chowdhury/Economic Times
