Singapore: Airbus today said that the 'Make in India' is at the heart of its strategy for India, which is also a key market for the European aerospace giant.
"India is very important and a growing market with a lot of opportunities," Executive vice president and chief of sales at Airbus, Eric Schulz said.
"Given the potential of growth in air traffic, India is very high on our list," he said at a media briefing at the opening of the Singapore Airshow 2018 here.
The Singapore Airshow, the biggest such event in Asia, is held every two years.
For airplane manufacturers, Airbus and Boeing, the Asia- Pacific region is the biggest markets as they predict that the region will require 14,450 new aircraft in the next 20 years.
The region accounts for a third of Airbus' new business and an equal third of the company's order book.
The 'Make in India' movement, covering 25 sectors of economy, was launched by the Narendra Modi government in 2014 to encourage companies to manufacture their products in India.
06/02/18 Reuters/Times of India
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"India is very important and a growing market with a lot of opportunities," Executive vice president and chief of sales at Airbus, Eric Schulz said.
"Given the potential of growth in air traffic, India is very high on our list," he said at a media briefing at the opening of the Singapore Airshow 2018 here.
The Singapore Airshow, the biggest such event in Asia, is held every two years.
For airplane manufacturers, Airbus and Boeing, the Asia- Pacific region is the biggest markets as they predict that the region will require 14,450 new aircraft in the next 20 years.
The region accounts for a third of Airbus' new business and an equal third of the company's order book.
The 'Make in India' movement, covering 25 sectors of economy, was launched by the Narendra Modi government in 2014 to encourage companies to manufacture their products in India.
06/02/18 Reuters/Times of India
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