Boeing has revealed plans to strengthen its presence in India thereby, reiterating its commitment to the country’s aviation and defence sectors. Apart from this move, Boeing is also a big support for policy reforms such as those in the Goods and Services Tax (GST) which could make India’s manufacturing ecosystem even more robust.
Salil Gupte, President of Boeing India & South Asia stated that the company keeps an eye on India’s strategic goals and is always ready to work alongside India to achieve them. “Boeing is here to help India with its co-development and co-production plans. The way we source and the deals we enter will mostly be in line with these objectives” Gupte declared.
Besides Boeing it already has established partnerships with Indian companies through various projects, such as maritime patrol systems, unmanned platforms, and defence equipment. Such partnerships demonstrate how Boeing is capitalizing on India’s burgeoning industrial sector while supporting technology transfers, skill development, and local innovation.
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The Indian market remains the one where Boeing experiences the most significant growth rate changes year after year, as demand for commercial aviation and defense increases are the main reasons for this. According to the company, the rise in passenger traffic, renewal of the defense forces, and the government's push for local manufacturing are some of the major developments in India from which they expect to benefit considerably.
Employing the strategy of associating with India’s “Make in India” initiative and being a strong supporter of the GST reforms, Boeing intends to build the efficiency of the supply chain and up its competitiveness in the global aerospace sector.
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