US aerospace major Boeing is planning further investments in India in the commercial and defence sectors, as the government in New Delhi undertakes economic reforms to attract foreign investors and boost its industrial sector.
“India is an exciting country, it’s an emerging superpower, it reminds you in some ways of late 19th-century America, it’s a vast market, and now with the reforms that Prime Minister [Narendra] Modi has undertaken, it enables companies like us to increase their investments,” Brendan Nelson, vice president of Boeing and president of Boeing Global, said on Sunday.
“We’re also building a supply and distribution centre for components and parts. We’re working very closely at the moment … with some pre-eminent Indian companies on some defence products and also some commercial products.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
