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Boeing commits to ‘Make in India’ program

  • American aviation Boeing is planning to assemble Apache or Chinook defence helicopter in India.
  • Boeing sees growth in India for civil aviation market, estimates that the country requires 1,800 aircraft over the next two decades.
  • Keeping the growing market and in order to attract more customers Boeing is planning to producing more fuel-efficient, green, longer-flying capable planes to reduce the flying cost.
  • Boeing sees India’s uncertain tax rule as a hazards for Investments.
  • The defence ministry, while finalizing the chopper order of worth $3 billion, said that contract will have a 30% offset clause and bring in business worth $1 billion for the Indian defence industry.

Source: Economic Times

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PC: indianexpress.com

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