Airbus Ready to Make in India, will Hike Outsourcing Kitty to $2 billion

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News

• Aircraft maker Airbus Industrie has assured Prime Minister Narendra Modi that its outsourcing from India will increase to $2 billion from $ 400 million over the next five years as part of the Indian government’s Make in India initiative.

Benefits

• 500% increase in 5 years.
• Indian outsourcing to increase from $400 mil to $2 billion.