Business
Boeing says to set up freight conversion facility in India
Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalize on growing global demand for cargo, executives from the US aviation firm said on Friday.
The facility will add to Boeing’s $1 billion supply chain sourcing from India and will help support India’s ambitions to become a global cargo hub, Chief Strategy Officer Marc Allen told reporters in New Delhi.
For the latest headlines, follow our Google News channel online or via the app.
He did not give any details about when the facility will be set up or the size of the investment.
The planned facility comes amid a push by Boeing to expand in India. In February, the company said it plans to invest $24 billion to set up a logistics center for airplane parts.
Flag carrier Air India has also placed a record order for nearly 500 jets, worth more than $100 billion at list prices, with both Boeing and Airbus.
Read more:
Australia aims to bolster security, economic ties with India
Holi 2023: How and where to celebrate the festival of colors in the UAE
India in talks With Embraer, Sukhoi to make small jets locally