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  1. Airbus’ procurement from India at 500 million US Dollars

Airbus’ procurement from India at 500 million US Dollars

Airbus Group exceeded the $500-million annual procurement mark from India in 2015, the first such feat by any foreign aerospace and defence original equipment manufacturer.

By: | New Delhi | Published: March 8, 2016 12:22 AM

Airbus Group exceeded the $500-million annual procurement mark from India in 2015, the first such feat by any foreign aerospace and defence original equipment manufacturer.

The group has now set its sights on exceeding $2 billion in cumulative procurement, covering both civil and defence, in the five years up to 2020. The last year’s figure represents a 15% growth over 2014. Overall, Airbus Group’s procurement from India has grown 16 times in the last decade. Today, every Airbus commercial aircraft being produced is partly Made-in-India.

Over 6,000 people at more than 45 suppliers, both public and private, are directly engaged in providing Engineering & IT Services, Aero-structures, Detail parts & Systems, Materials and Cabins to the Group for several of its leading platforms including A380, A350 XWB, A320 Family, A330, C295W, A400M, Eurofighter, Tiger and NH90.

Indian suppliers are a cornerstone of our globalisation strategy,” said Klaus Richter, chief procurement officer, Airbus Group and Airbus. “Many of the projects with our Indian partners have been very successful and we aim to further strengthen these relationships in the future,” says a company release.

We are already making in India via our suppliers and this is independent of any offset obligations,” says Pierre de Bausset, president & MD, Airbus Group India.

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