Boeing announces setting up of Boeing Defence India

NEW DELHI: Global defence and aviation major Boeing on Wednesday announced setting up of Boeing Defence India (BDI), a local business entity, to support the company's future growth in the country, said a company statement.

"The BDI will serve as a framework enabling us to draw on the growth and productivity benefits that India can offer Boeing," said Leanne Caret, President and Chief Executive Officer of Boeing Defense, Space and Security.

Pratyush Kumar, President, Boeing India, will lead the new entity, said the statement.

"Boeing has made accelerated investments to grow the manufacturing, skill development and engineering scale in the country," Kumar was quoted in the release as having said.

"With BDI, Boeing will expand its engagement with India's Ministry of Defence to deliver advanced capability and readiness to India's military customers and to develop a competitive supplier base in the country that is integrated into Boeing's global supply chain," Kumar added.

In recent years, India has procured C-17 Globemaster III, a heavy lift aircraft, P-8I maritime surveillance aircraft and Harpoon anti-ship missiles from Boeing.

The BDI will oversee company's recent investments in India including the Tata Boeing Aerospace Ltd (TBAL) joint venture, the C-17 simulator training centre, Boeing's sourcing and manufacturing activities, sales and marketing activities and the engineering centre expansion.
Stay on top of business news with The Economic Times App. Download it Now!
FROM AROUND THE WEB

New 2017 Grand i10 with advanced features

Hyundai

Promote content on Times of India network

Colombia

Forget 4%, now earn 8.65%* on your savings

Fundsindia

MORE FROM ECONOMIC TIMES

Virat Kohli world's best in one-day cricket: Ricky Ponting

Infrastructure

Infosys 'releases' 9,000 employees due to automation

From Around the WebMore from The Economic Times

Save tax upto 46,350 u/s 80C with a term plan

HDFC Life

Say no to boring walls with Asian Paints

Royale Play

Simple way to bond with your 2-12 yrs old kid

Magic Crate

New SKODA Rapid @ just 7.99% interest

SKODA Rapid

Scooter's back, with new hero on road

Corporate & Industry

Don't vote for SP-Congress alliance: Shia cleric to Muslims

Narayan Karthikeyan company looks to buy Inox Windfarms