#MakeInIndia Airbus Announces $2 Billion Cumulative Outsourcing From India By 2020

[Chanakya's_Chant]

500% increase in 5 years: Airbus's 'Make in India' plan to be worth $2bn

PARIS/NEW DELHI: Prime Minister Narendra Modi's "Make in India" initiative has gained further momentum.

"Airbus plans to increase its Indian outsourcing from $400 million to $2 billion in next five years," MEA spokesman Syed Akbaruddin tweeted on Saturday.

Prime Minister Narendra Modi on Saturday visited Airbus's facility in Toulouse, in southern France, and called it "amazing".

"Amazing visit to Airbus facility. They are very enthusiastic about "Make in India" initiative," PM Modi said in a tweet.

Prime Minister Narendra Modi also asked for a selfie during his tour of Airbus facility in Toulouse.

On Friday, Modi held talks with President Francois Hollande and both sides inked 17 agreements and three letters of intent.

India said it would buy 36 Rafale fighter jets in fly away condition as soon as possible.

READ ALSO: Why India is in hurry to buy Rafale jets​

Political commitment, out-of-box approach led to Rafale deal​

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France to work with India on semi-high speed rail

France will partner India in a study for upgrading the speed on Delhi-Chandigarh rail line to 200km per hour and help in re-development of Ambala and Ludhiana railway stations.

France will also help in development of Smart Cities in India to be identified by the host government. These were among the outcomes of Prime Minister Narendra Modi's talks with French President Francois Hollande in Paris on Friday.

The two sides signed a railway protocol which seeks to establish cooperation between Indian and French Railways for semi-high speed rail and station renovation.

Under the protocol, Indian Railways and French National Railways (SNCF) will co-finance an execution study by SNCF for a semi-high speed project on upgradation of the Delhi-Chandigarh line to 200km per hour and re-development of Ambala and Ludhiana railway stations in Punjab.

The Shatabdi Express between Chandigarh and New Delhi is the fastest train on the route and currently runs at an average speed of 79.80 kmph.

"The leaders look forward to cooperating in areas such as modernization of the railways and in high speed and semi-high speed rail projects, in urban transportation and in roads..," said a joint statement issued after the talks.

France also expressed interest in collaborating with India for development of smart cities from among the list of cities to be identified by the government of India, the statement said.

(With inputs from agencies)

Source:- 500% increase in 5 years: Airbus's 'Make in India' plan tobe worth $2bn - The Times of India

 

[Chanakya's_Chant]

 

[Dr. Sen]

So lets see:

₹ increase in Airbus investment

₹ help in Railway modernization

₹ help with smart cities

All these from France. Looking forward to the Hannover messe. Then we have Canada in the waiting list too.

 

[Mr.Nair]

Man of action.India yet to visit Germany and Canada, so we can expect more investment and trade from these countries

What India got from France visit:-

1. Rafale jet deal
2. Air Bus Investment
3. Nuclear energy co-operation
4. Two smart city developments in India
5. High speed rail co-operation
6. Upgradation of two railway stations

and much more...

 

[Dr. Sen]

Man of action.India yet to visit Germany and Canada, so we can expect more investment and trade from these countries

What India got from France visit:-

1. Rafale jet deal
2. Air Bus Investment
3. Nuclear energy co-operation
4. Two smart city developments in India
5. High speed rail co-operation
6. Upgradation of two railway stations

and much more...

Which railway stations upgradation?

 

[Mr.Nair]

Which railway stations upgradation?

Ambala and Ludhiana railway stations in Punjab

PM Narendra Modi's France visit: France to work with India on semi-high speed Delhi-Chandigarh rail line - The Economic Times

 

[salarsikander]

Hi,
Well played Mr Modi, he didnt just stick with 144 rafaels. instead he opted for big deals, which will later on boost the local industries and making something like Rafael will become even more easier job

 

[magudi]

So lets see:

₹ increase in Airbus investment

₹ help in Railway modernization

₹ help with smart cities

All these from France. Looking forward to the Hannover messe. Then we have Canada in the waiting list too.

Kaha h phenku ke ache din

 

[Tridibans]

This line caught my eyes from the poster...

"Eevry Airbus A320 plane is now partly made in India"

Every year, Airbus delivers around 300 of these A320's to Airlines across the world

 

[Dr. Sen]

Hi,
Well played Mr Modi, he didnt just stick with 144 rafaels. instead he opted for big deals, which will later on boost the local industries and making something like Rafael will become even more easier job

Most of India is hoping Modi can do something positive. Improvement of infrastructure, cleanliness, decreasing beaurocracy and red tape, better education, are the need of the moment.

Kaha h phenku ke ache din

All in the making!

 

[Mr.Nair]

Hurray

 

[salarsikander]

Most of India is hoping Modi can do something positive. Improvement of infrastructure, cleanliness, decreasing beaurocracy and red tape, better education, are the need of the moment.

Hi,
A country as big as India with lots of red-tape and everything will take time. And India is headed in right direction after years of lack vision

 

[tsinga]

Hi,
A country as big as India with lots of red-tape and everything will take time. And India is headed in right direction after years of lack vision

Very true.
However, this Government is trying to cut red tape and make doing business easier. A major goal of this Government is to bring down India's current Ease of Doing Business ranking from 144/180 to under 50/180 by 2018.
Modi government cuts through red tape to make working easier in India - timesofindia-economictimes

 

[Mr.Nair]

 

[Chanakya's_Chant]

Mahindra bags multi-million dollar aerospace deal with Airbus
The Mahindra Group today clinched a multi-million dollar aerospace contract with European consortium Airbus at the Paris Air Show, marking a major milestone in the 'Make in India' initiative.

The Mahindra Group today clinched a multi-million dollar aerospace contract with European consortium Airbus at the Paris Air Show, marking a major milestone in the 'Make in India' initiative. (Reuters)​

The Mahindra Group today clinched a multi-million dollar aerospace contract with European consortium Airbus at the Paris Air Show, marking a major milestone in the ‘Make in India’ initiative.

Mahindra Group subsidiary Mahindra Aerospace bagged the multi-year aero-components manufacture and supply contract.

“This is significant as a vote of confidence in Make in India, the ‘first tika’ in this broad vision, as well as a vote of confidence in Mahindra,” Anand Mahindra, chairman and managing director of Mahindra and Mahindra Ltd, told PTI on the sidelines of the Air Show which opened here today.

“Getting such a contract is a lengthy process which takes a lot of cooking and brewing and this implies Mahindra is now in the inner circle of suppliers,” he said.

The contract, the value of which has not been disclosed, will involve a variety of Mahindra produced metallic components, in excess of a million parts per annum, to be fitted into several Airbus aircraft programmes as part of assemblies produced by Premium Aerotec.

The parts will be produced at the new Mahindra Aerostructures facility located at Narsapura, near Bengaluru, with deliveries to Premium Aerotec’s facilities in Germany scheduled to commence this year.

Mahindra said, “We as a group, with Tech Mahindra and Mahindra Aerospace, are the largest supplier to Airbus out of India but the potential remains to substantially hike the amount the company sources from India. As Airbus raises its procurement from India, it will be a great validation of Make in India.”

“When we began our aerospace journey in 2008, India had yet to establish a presence in the global aerospace supply chain. We committed then to bridge that gap with our investments in aerospace manufacturing, and this new chapter in our relationship with Airbus attests to that commitment,” he said.

“This is our vision to take ‘Make in India’ from policy to reality: Build bridges across cultures, countries and businesses,” he added.

The USD 16.9-billion Mumbai-headquartered Mahindra Group, with over 200,000 employees across 100 countries had set up its utility aircraft and aerostructure manufacturing operation with Mahindra Aerospace in 2008.

“We are the only Indian company that builds planes, which are built in Australia, and we are the only business house that covers all three wings of defence — Army, Navy and Air Force,” said S P Shukla, Group President and CEO of Mahindra Aerospace and Defence Sector.”Today every major aerospace company is in dialogue with us. With Premium Aerotec, Mahindra Aerospace have started a journey to build capability and capacity in India,” Shukla said.

Dr Lars Kastle, Senior Vice President Finance, Procurement and IT Management, Premium Aerotec, said, “For Premium Aerotec, this is the start of a strategic partnership with Mahindra Aerospace. It represents an important step in our restructuring efforts to rearrange our supply chain in collaboration with global partners.”

Mahindra’s Narsapura unit, the hub of the new manufacture and supply contract, was inaugurated in 2013 and is certified to demanding Airbus specifications as well as aerospace industry-standard requirements.

Premium Aerotec is a 100 per cent subsidiary of the Airbus Group and one of the world’s leading suppliers for the development and manufacture of large aircraft structures for civil and military aircraft.

Source:- Mahindra bags multi-million dollar aerospace deal with Airbus | The Financial Express