Airbus plans to invest $1 bn in India in 10 yrs

Airbus plans to invest $1 bn in India in 10 yrs
PTI
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First Published: Tue, Mar 24 2009. 07 52 PM IST
Updated: Tue, Mar 24 2009. 07 52 PM IST
New Delhi: Aircraft maker Airbus Industrie on Tuesday said it plans to invest $1 billion over the next decade in India to carry out a large part of its engineering and IT activities.
The company projected an expenditure of about $1 billion in India over the next 10 years if it found the “right partners and the right projects” as part of its globalization plans, Airbus director International Cooperation Sriniwasan Dwarakanath told reporters here.
Referring to Airbus’s business in India, he said public sector firm Hindustan Aeronautics Ltd was already building a large number of aircraft doors, mainly for A-320s. “In the next couple of years, 50% of these doors will be produced by HAL”.
Dwarakanath said the Airbus engineering centre at Bangalore was already developing advanced capabilities in areas like flight management systems, aero dynamics and digital simulation.
Several Indian IT firms were working on “high-end activities” like crash worthiness analysis of A-380s, their wings and electronic design for the A-350.
Maintaining that Airbus Industrie planned to shift part of its operations out of Europe, its executive vice-president Christian Scherer said it planned to build up to 20% of aero structures and 30% of engineering sub- contracting offshore by 2020 and “India will get a large chunk of this business”.
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First Published: Tue, Mar 24 2009. 07 52 PM IST