- In a presentation to Indian PM Narendra Modi on Saturday, Airbus (OTCPK:EADSY) said it would work with partners in India in areas such as engineering, customer services and pilot training, and would establish centers for the maintenance, repair and overhaul of planes.
- Airbus is aiming to increase its sourcing of aerospace parts from Indian companies to $2B in the next five years, looking to diversify its supplier base and tap low-cost suppliers worldwide.
- The commitment also comes as the company competes to secure billions of dollars in deals for military hardware from the country.