Airbus leads by example in Make in India campaign, crosses $500-million annual procurement mark

In a huge success to PM Narendra Modi’s ‘Make in India’ initiative, Airbus said commercial aircraft produced by it is partly 'Made in India'.

Airbus Group said it exceeded the $500 million annual procurement mark from India in 2015 and now is targeting over $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 per cent 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, a statement by the company said.

"Indian suppliers are a cornerstone of our globalisation strategy," said Klaus Richter, Chief Procurement Officer, Airbus Group and Airbus, adding "Many of the projects with our Indian partners have been very successful and we aim to further strengthen these relationships in future."

Over 6,000 people at more than 45 suppliers, both public and private, are directly engaged in providing engineering and IT services, aero-structures, detail parts and 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.