Airbus Invests Big in India's Booming Aerospace Sector

Commerce and Industry Minister Piyush Goyal recently engaged in talks with the board members of Airbus, led by Chairman Rene Obermann. Discussions focused on investment opportunities and potential collaborations within India's aerospace sector.

Goyal highlighted India's vast potential, praising Airbus for its expanding investments, including two new Final Assembly Lines for helicopters and military aircraft in partnership with Tata Advanced Systems Ltd.

This visit marked Airbus's first board meeting in India, coinciding with major aircraft orders from IndiGo and Air India, and underlining plans to boost annual component sourcing to $2 billion by 2030.

(With inputs from agencies.)