Hyderabad: The French aviation, defence and space major Airbus Group has projected huge business and sourcing opportunities unfolding in India with the Government relaxing the foreign direct investment norms and encouraging domestic manufacturing and souring.
Venkat Katkuri, Head of India Subcontinent, Head of Sales-India, Airbus Defence & Space, said through its domestic aerospace supplier partnerships, Airbus Group is already making in India and targets over $2 billion cumulative sourcing volume from India over the next five years, until 2020, covering both civil and defence businesses.
Speaking on the sidelines of the Second Defence & Aerosupply India, a global conclave here today, he said, “We are in the midst of a tremendous transformation, full of opportunities, but with a number of challenges. There is intense effort for accelerating the growth of aerospace and defence industry in the country by building new partnerships and strengthening existing ones.”
“India has a huge requirement for modern and advanced defence platforms. With the Government of India linking the aerospace and defence sector to the Make in India, it provides a special opportunity to engage with the country and various other manufacturing companies,” he said.
30/11/15 V Rishi Kumar/Business Line
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Venkat Katkuri, Head of India Subcontinent, Head of Sales-India, Airbus Defence & Space, said through its domestic aerospace supplier partnerships, Airbus Group is already making in India and targets over $2 billion cumulative sourcing volume from India over the next five years, until 2020, covering both civil and defence businesses.
Speaking on the sidelines of the Second Defence & Aerosupply India, a global conclave here today, he said, “We are in the midst of a tremendous transformation, full of opportunities, but with a number of challenges. There is intense effort for accelerating the growth of aerospace and defence industry in the country by building new partnerships and strengthening existing ones.”
“India has a huge requirement for modern and advanced defence platforms. With the Government of India linking the aerospace and defence sector to the Make in India, it provides a special opportunity to engage with the country and various other manufacturing companies,” he said.
30/11/15 V Rishi Kumar/Business Line
