Airbus expects to double procurement from India

Airbus expects to double the total value of procurement from India to $1.5 billion in the coming years, Reuters reported on Thursday citing the president and managing director of Airbus India and South Asia Remi Maillard.

Airbus also forecasts that the Indian aviation sector will need 2,840 aircraft by 2035, Maillard added at the Wings India 2024 event in Hyderabad.

Maillard predicted that in the next 20 years India will remain the fastest growing economy in the world with 6.2 per cent annual growth.

Airbus has more than 40 suppliers in India, both public and private, who provide engineering, manufacturing, digital, innovation and customer service solutions to commercial, helicopter, and defence platforms.