NEW DELHI: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component sourcing — over the next two years. The corona epidemic has shown how a major event can disrupt supply chains and that big companies need to spread the same across geographical locations to minimise the impact in the future. Boeing’s current sourcing from India is about $1 billion annually from 200 suppliers, and it sees “the next billion” as the logical step.
“Over the next couple of years, we expect Boeing’s India presence to be the largest outside of the US. Boeing has been a proud partner with India for more than 75 years, and we’re just getting started. We want to contribute to the growth of India’s aerospace industry. That’s why we’re investing in commercial and defence across the development of aerospace technology, innovation, production capacity, supply chain, aerospace skilling centres, manufacturing and the modernisation of airport infrastructure and airspace,” Boeing India president Salil Gupte told TOI.
