Airbus to buy $2 bn of parts from India each year by 2030

AIRBUS PLANS TO bolster its sourcing from India to $2 billion a year by 2030 — a jump of almost 43% from the current levels — as it eyes growing sales in the South Asian nation's booming aviation market.

- MIHIR MISHRA

"We have a target," Remi Maillard, president and managing director of Airbus in India and South Asia, told reporters in New Delhi, adding that this quantum of sourcing will be achieved "well before 2030."