Airbus Expansion: India's Role in the Future of Global Aviation

Airbus plans to increase its procurement from India to USD 2 billion annually by 2030, as part of its strategy to support India's burgeoning aviation market. With over 1,300 aircraft orders from India and key partnerships with Indian companies, Airbus emphasizes leveraging India's engineering strengths.

Airbus, a leading aircraft manufacturer, has announced plans to enhance its component and service sourcing from India, targeting an annual value of USD 2 billion by 2030. This move is intended to support India's rapidly expanding civil aviation sector, which is among the fastest growing in the world.

Currently, Airbus sources components worth USD 1.4 billion from India, underscoring the importance of the Indian market and its growth potential. The company has over 1,300 planes slated for delivery to Indian airlines, including significant orders from carriers like IndiGo and Air India.

The Airbus CEO stressed the importance of India utilizing its strengths in engineering, IT, and software rather than replicating past global practices. The company's partnerships with Indian firms like Dynamatic Technologies and the Tatas reflect strategic investments in India's aerospace capabilities.

(With inputs from agencies.)