SOURCE: AFI
Boeing is intensifying its focus on India, aiming to transform the country into a pivotal hub for research, development, and supply chain operations. The American aerospace giant is seeking to bolster its presence in the country through strategic partnerships, increased sourcing, and expanded maintenance and training capabilities.
A recent substantial investment in a Bengaluru technology center underscores Boeing’s commitment to India. This facility will focus on developing advanced cabin products and digital solutions, catering to the needs of both Boeing and Airbus operators.
Chris Raymond, Boeing’s Executive Vice President, emphasized the immense potential of the Indian market, citing a strong correlation between rising GDP and increased air travel demand. “India is poised to become a significant market, with projections indicating a demand for over 3,000 aircraft in the region. To support this growth, we anticipate a need for around 130,000 additional trained personnel,” Raymond stated.
To further strengthen its foothold in India, Boeing plans to expand its supplier network from the current 300 partners and establish new warehouses for local parts storage. These initiatives are part of the company’s broader strategy to ramp up aircraft production amidst global supply chain challenges and regulatory hurdles.
By investing in India’s aerospace ecosystem, Boeing aims to not only capitalize on the country’s burgeoning aviation market but also contribute to its economic growth and development.