Business

Boeing's Strategic Expansion in India: A Testament to Reforms and Growth

Boeing's Commitment to India

American aerospace giant Boeing is set to significantly increase its sourcing from India, currently at Rs 10,000 crore annually from about 320 suppliers, as it navigates through its most challenging times. With plans to deliver two aircraft per month to Indian airline customers this year and next, Boeing's ambitions in India extend far beyond just aircraft sales.

Reforms have made India attractive: Boeing

Deliveries and Production on the Rise

Boeing's senior VP Brendan Nelson shared insights into the company's increasing deliveries, with the B737 MAX capped at 38 a month by the FAA. The company is also confident about ramping up B787 Dreamliner production from five to seven a month, offering good news for Indian customers, including Air India, which is set to receive ordered wide-body aircraft over the next two years.

Beyond Aircraft: Boeing's Broader Engagement in India

Boeing's engagement in India includes completing flight procedures for upcoming airports, training pilots and technicians, and significant investments in MROs, joint ventures, and technology centers. These efforts underscore Boeing's long-term commitment to India's aerospace sector, viewing the relationship as more than just transactional.

Future Plans and Sourcing Growth

With a backlog of 5,500 planes, Boeing's future in India looks promising. The company plans to grow its sourcing of goods and services from India, leveraging the country's reforms and emergent superpower status. While a final assembly line in India is not immediately on the horizon, Boeing's strategic investments and partnerships in the country are set to strengthen both Boeing's and India's positions on the global stage.