Barely three years after making its debut in the Indian defence market, Boeing is now aiming at doubling its sourcing from India by 2020. The company at present has a sourcing of half a billion dollars a year from India.
Speaking exclusively to ‘The Navhind Times,’ vice president of Boeing Defence, Space and Security-India Denis Swanson said the company is targeting at doubling its sourcing from India from the present half a billion dollars to $1 billion by 2020.
Swanson said that the company has already doubled its sourcing since 2014 and will further double it by 2020. Stating that the company has 30 direct suppliers and 120 indirect suppliers, he said that Boeing was excited with the business prospect with India in the backdrop of the incentives provided by the government.
The first Boeing C-17 Globemaster arrived in India in 2013 and the aircraft supported a mission to carry equipment to an airbase in Andaman and Nicobar Islands. In September 2015, the Defence Ministry finalised its order with Boeing for production, training and support of Apache and Chinook helicopters to enhance capabilities of the 22 AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy-lift helicopters.
Swanson said that the company has signed a joint venture with Tata Advance Systems Ltd and is working on F/A-18 Super Hornet fighter aircraft, while the parts of Apache helicopter for worldwide use are made in India.
Replying to a question on foreign direct investment (FDI) in defence sector, he said the company welcomes the flexibility shown by the Indian government to consider FDI above 49 per cent on a case to case basis.
Boeing aims at doubling India sourcing by 2020