Aerospace major Boeing has enhanced its India-based sourcing of components and services to $1.25 billion per year, as part of its commitment to ‘Make in India’.
“Despite currency depreciation, our annual sourcing from India has risen from $250 million to $1.25 billion over nearly a decade, with our supplier network expanding by 1.5X,” said Salil Gupte, president, Boeing India and South Asia.
The company has a network of over 300 local supplier partners.
The growth is propelled by advancements in quality and capability, he said, “transitioning from simple assemblies to more complex ones, including advanced materials like composites and full-size determinant assembly, which employs next-generation manufacturing technologies such as robotics”.
