Chicago based aircraft maker, Boeing is expanding its research center in Bangalore and is also considering investing in Indian companies manufacturing aeronautical components, with a view to bolstering its supply chain.
“[The] investment environment in India is improving. Given that background, we are open to making equity investments,” said Pratyush Kumar, president, Boeing India. “We are rapidly expanding the supply chain in India and also helping create an aerospace eco system,” Kumar added.
The government’s Department of Science and Technology, Boeing, and the advanced machining excellence cell at the Indian Institute of Technology Bombay are part of the National Center for Aerospace Innovation and Research reports Business Standard.
Boeing and Tata Advanced Systems Limited signed an agreement to collaborate in aerospace and defense manufacturing. Similarly, Boeing collaborates with other Indian companies for the manufacture of components and parts for its civil and military planes and choppers.