Monday, March 07, 2016

Airbus eyes $2b worth procurement from India by 2020

Bengaluru: Global aerospace major Airbus group plans to procure components and subsystems worth $2 billion per annum by 2020 for its civil and defence projects, up from $500 million in 2015, the French consortium said on Monday.

“We have set our sight to exceed $2 billion in cumulative procurement annually by 2020 from over $500 million worth aerospace goods in 2015 for civil and defence projects,” the Indian arm of the Airbus said in a statement here.

Procurement value increased 15 per cent in 2015 over that of 2014.

About 6,000 skilled people at 45 state-run and private suppliers side across the country provide engineering and IT services, aero-structures, detail parts and systems, materials and cabins to the group for many of its leading platforms, including A380, A350 XWB, A320 family, A330, C295W, A400M, Eurofighter, Tiger and NH90.
07/03/16 IANS/Gulf News
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