Boeing eyes more Indian orders with new business unit

Fri Feb 10, 2017 6:22am EST
 
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By Tommy Wilkes

NEW DELHI (Reuters) - Boeing's (BA.N: Quote) new Indian unit will help the company win more business from local customers and mean more employment in the South Asian country, the head of the U.S. defense firm's Indian business said on Friday.

The new legal entity, announced this week, is the fourth separate country-specific business Boeing has established after setting up similar structures in Britain, Australia and Saudi Arabia.

Boeing will hire more staff, most of them locals, but also bring in specialists from overseas as it looks to win new deals and grow the $500 million a year worth of products it currently sources from India, Boeing India President Pratyush Kumar told Reuters.

He declined to say how many new jobs would be created.

"This is to really create the full ecosystem throughout the lifecycle for our customers in India," he said ahead of an Indian airshow in Bengaluru next week.

Kumar said the new entity, which Boeing hopes will also grow its manufacturing presence in the country, was designed for its Indian clients rather than those overseas.

"In order to support U.S. exports, we need to better support our Indian customers," he said.

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FILE PHOTO -  Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016.   REUTERS/Kim Kyung-Hoon/File Photo