Airbus has informed that it is ready to invest, manufacture in India and to source from India, thereby contributing to the Make in India policy, Minister of State for Defence Rao Inderjit Singh said.
However, there is no agreement between the Government and the Airbus on this. The details regarding employment opportunities that are likely to be created and the involvement of Micro, Small and Medium Enterprises (MSMEs) are currently unavailable.
Last month, Indian Prime Minister Narendra Modi had visited Airbus Group 's facilities in France. Airbus is “ready to manufacture in India, for India and the world,” said Airbus chief Tom Enders.
“India already takes a center-stage role in our international activities and we want to even increase its contribution to our products.” he added. Airbus stated that it aims to produce helicopters, military planes, sensors as well as satellites in India by partnering with local firms.
The company predicted India would require 1,291 new planes over the next two decades. It forecast the Indian air travel market to grow 11% each year through 2025.