NEW DELHI: Boeing and GMR Aero Technic have signed an agreement to establish a new Boeing converted freighter line in Hyderabad, making GMR Aero Technic the first Boeing supplier in India with the capacity to support future conversions of both domestic and foreign aircraft.
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. He did not give any details about when the facility will be set up or the size of the investment.
"Our cooperation with GMR Aero Technic is not only a testimony of the maturation of Indian MROs in the country to support the vision of Aatmanirbhar Bharat but also supports the anticipated growth of the carog sector in the region," Boeing India President Salil Gupte said.
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 centre 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.
