Seattle-based commercial aircraft maker Boeing will invest $170 million to set up a new facility for engineering and technology which will manufacture and assemble electronics /avionics in Bangalore, India. The Karnataka state government gave permission for the project which will be set up on about 36 acres of state-owned land at Aerospace Park.
Business Line reports that Boeing expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years which, according to the plane maker, is the highest-ever forecast for the country. Boeing also expects single-aisle planes like the next generation 737 and 737 Max to account for most of the deliveries.
“The increasing number of passengers, combined with a strong exchange rate, low fuel prices, and high load factor bodes well for India’s aviation market, especially for the low-cost carriers,” Dinesh Keskar, senior vice-president, Asia Pacific and India Sales at Boeing Commercial Airplanes, said.
