In another development contributing to the growth of India's aviation industry, French aerospace company Airbus has signed component manufacturing contracts with four Indian suppliers.
This move serves as a significant endorsement of the Indian government's 'Make in India' initiative.
The company has partnered with domestic companies — Mahindra Aerospace, Aequs, Dynamatic and Gardner. These partnerships involve contracts for supplying airframe and wing parts for Airbus' A320neo, A330neo, and A350 programmes, as per reports.
According to Airbus, the recent contracts will assist in the expansion of commercial aircraft programmes worldwide. Additionally, these contracts will enhance the aviation industry in India by bolstering capabilities and capacities in various technologies such as sheet metal, machining, and extrusion profiles.
"Make in India is at the core of Airbus' strategy in India. We are proud that we are putting in place all the critical building blocks for an integrated industrial ecosystem that will propel India into the front ranks of aerospace manufacturing nations," said Remi Maillard, president and managing director of Airbus India and South Asia.
The latest contracts follow the allocation of the A320neo family cargo and bulk cargo doors manufacturing to Tata Advanced Systems earlier this year.
Airbus To Support 50 Per Cent More Jobs By 2025
The company, along with its supply chain, currently provides employment for nearly 10,000 individuals in India.
Airbus stated that by 2025, this figure is expected to increase to approximately 15,000.
The company is proud to continue its partnership with Aequs, Dynamatic, Gardner, and Mahindra Aerospace, all of whom are trusted Airbus partners in India known for their technical expertise and operational excellence, he added.
“Today, every Airbus commercial aircraft has components and technologies that are made in India," the release further said.
The company stated that it currently purchases components and services valued at $750 million per year from India. Further, they also mentioned that the latest round of contracts will greatly increase these volumes.
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