In­dia’s Time to Fly

SP's MAI - - AEROSPACE DEVELOPMENTS -

Apache and Chi­nook he­li­copters is in ac­tive con­sid­er­a­tion at the Com­pany head­quar­ters. Boe­ing has al­ready sold In­dia ten C-17 Globe­mas­ter, eight P-8I mar­itime re­con­nais­sance planes and many other de­fence sys­tems and weapon plat­forms. Boe­ing fa­cil­ity in In­dia will be in col­lab­o­ra­tion with a lo­cal pri­vate player in the de­fence sec­tor. Ac­cord­ing to Jim McNer­ney, “This is our strat­egy. The In­dian mar­ket is too im­por­tant for any­body to ig­nore. In­dian ca­pa­bil­ity is very high. Man­u­fac­tur­ing in In­dia is the com­mit­ment we have ex­pressed to In­dian gov­ern­ment”.

Not only in de­fence plat­forms, Boe­ing is eye­ing In­dia’s civil avi­a­tion sec­tor as well, which is likely to ex­pand at a phe­nom­e­nal pace in the coun­try in the com­ing years. Ac­cord­ing to es­ti­mates, In­dian avi­a­tion sec­tor will need around 1800 new pas­sen­ger air­craft in the com­ing years and to be­come a com­pet­i­tive player in the civil avi­a­tion mar­ket. Also, com­pa­nies will have to take ad­van­tage of the skilled man­power and raw ma­te­ri­als of the coun­try. Ac­cord­ing to Jim McNer­ney, Boe­ing is man­u­fac­tur­ing low cost and highly fuel ef­fi­cient pas­sen­ger air­craft that will definitely at­tract the In­dian air­lines.

Boe­ing expects bil­lions of dol­lars in off­sets to In­dia and “We will be happy to do it,” said the Chair­man. “In­dia to­day has be­come an in­vest­ment des­ti­na­tion. The civil nu­clear deal un­locked a lot and the ground re­al­ity is chang­ing fast in In­dia”. He also had high praise for Prime Min­is­ter Naren­dra Modi men­tion­ing his busi­ness meet­ings in USA that at­tracted the who’s who of the US cor­po­rate world. Ac­cord­ing to Jim, there was not a sin­gle US CEO who was not there. The dis­cus­sions in the meet­ings were real and ev­ery­body talked as­sur­ingly. Com­ment­ing on In­dia, in his last state­ment, Jim said, “Things are chang­ing fast and we are very op­ti­mistic”.

W. James (Jim) McNer­ney, Jr., Chair­man, The Boe­ing Com­pany at “In­dia’s Time to Fly” aero­space in­no­va­tion sum­mit in New Delhi

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