Boeing, a major aerospace corporation, has increased its annual
sourcing of components and services in India to $1.25 billion as
part of its dedication to the 'Make in India' initiative.
Salil Gupte, President of Boeing India and South Asia, noted that
despite currency depreciation, the company's sourcing from
India has grown significantly over nearly a decade, with a network
of over 300 local supplier partners.
The growth is attributed to advancements in quality and
capability, transitioning to more complex assemblies and advanced
materials. Further growth is expected for India-based sourcing as
the local supply chain network enhances capabilities. Regarding
supply chain constraints, Boeing aims to drive stability across its
global supply chain, addressing challenges on a case-by-case basis.
Gupte highlighted the resilience of India's civil aviation
market, driven by the growing middle class and increasing demand
for air travel. Boeing projects significant growth in
