India and South Asia's passenger air traffic will rise an average of 7% annually over the next 20 years, spurred by a growing middle class, economic growth and airport and connectivity investments, Boeing [NYSE: BA] said today.
Maintenance, Repair and Overhaul (MRO) facilities will play a decisive role in shaping the future of India's aviation industry, said Salil Gupte, President of Boeing India & South Asia.
On possible Boeing assembly units in India, Gupte said, "In the past, we have had MoUs where we have committed to doing that here in India for fighters. Now, we haven't been chosen yet on fighters, but we hope that will happen in the future. And we expect that we'll have to make a similar co
President of Boeing India and South Asia, Salil Gupte, hailed the 'Make in India' initiative and said that New Delhi is moving from being one of the largest importers to developing its own platforms.
"KSDL has a record of 108 years for its various manufacturing products. This time, production increased by 25%. In two years, two thousand crores will be earned. KSDL production should also grow internationally. Dettol is used in all government offices. But instead of Dettol, Mysore sandal p
Karnataka Chief Minister Siddaramaiah commended the technological milestones at Boeing India Engineering and Technology Center campus inauguration and said that this occasion added yet another feather to the illustrious cap of the state.
India aims to reduce its offshore dependence on aircraft leasing and financing and the International Financial Services Centres Authority (IFSCA) in Gujarat's GIFT City will help in realizing it, said Prime Minister Narendra Modi.
"Unfortunately, I've developed cold symptoms and am presently resting at home. I regret not being able to welcome the Prime Minister in person and express my best wishes for the success of all his programs," the former Karnataka chief minister said.
Boeing conducted strategic programmes including the Air Cargo Symposium, Pilot Roundtable, and Executive Development Programmes. These initiatives were steered by Boeing's Global Strategic Initiatives team in India.
The aerospace company, in a release issued on Monday, asserted that the new site is part of its continued commitment to expanding its presence in the country and delivering an efficient, cost-effective, and local solution.