Skip to content
Search

Latest Stories

Indian minister says he wants to see 'bigger presence of Boeing' in the country

In February, Air India placed one of the largest aircraft orders by an airline, purchasing 470 narrow-body and wide-body planes from Airbus and Boeing

Indian minister says he wants to see 'bigger presence of Boeing' in the country

India's commerce and industry minister, Piyush Goyal, expressed his desire for US-based Boeing to increase their presence in India, following a recent large order of planes from Tata Group-owned Air India.

In February, Air India placed one of the largest aircraft orders by an airline, purchasing 470 narrow-body and wide-body planes from Airbus and Boeing.


Goyal also stated that India and the US are experiencing healthy growth in their bilateral trade and aim to expand it four-fold to achieve a $500 billion target by 2030.

"Boeing has received a very large order from the Tata's and I am given to understand that similar sized orders are in the pipeline... I want to see greater presence of Boeing in India, we would love to see you expand your local supply chains...and have more MRO (maintenance, repair and operations) activity here, which will serve the entire region," Goyal said here while addressing a function on India-US partnership.

He expressed confidence that many more such large corporations from the US would work closely with Indian firms.

Further, the minister said that as Ajay Banga was appointed as the next president of the World Bank, "I am sure he will be able to bring the developing world perspective and a much more sensitive approach to the way World Bank operates and works".

He added that huge opportunities are there to enhance cooperation in sectors such as defence, pharma, textiles, engineering, auto components, agri products, electricals.

"Alphonso mangoes are also going in the US in a big way," Goyal said.

Speaking at the function, deputy chief of mission at the US Embassy, Patricia Lacina expressed hope that the US companies will partner more with Indian firms on innovative and emerging technologies.

"This year, Indian tourists in the US are expected to exceed the pre-Covid levels and with Air India making its single largest order of planes from Boeing in February and launch of new airlines and airports in India, I think we can expect many more Americans to be visiting India in the years to come," she said.

The minister also released a report of AMCHEM India-KPMG titled -- The India edge - US industries catalysing the growth trajectory.

The report stated that it is the right time to invest in India as the country is receiving healthy foreign direct investments, witnessing high growth in exports and becoming a global R&D hub with the government's focus on manufacturing.

"India has been on the path of continuous reforms with the objective of bringing consistency and stability. There have been significant strides in ease of doing business, lower tax rates, easing of compliances, simplification of processes, and fiscal/non-fiscal incentives, which have put India at a vantage point," it said.

It added that India, due to its government support, favourable demographics and development of a robust infrastructure, is well placed to capitalise on the changing market dynamics and emerge as a global manufacturing hub.

More For You

Airbus bets on Indian supply
base to scale up production

Guillaume Faury

Airbus bets on Indian supply base to scale up production

AIRCRAFT maker Airbus plans to significantly ramp up its annual sourcing of components and services from India to reach $2 billion (£1.54bn) by 2030, its CEO Guillaume Faury has said.

Describing India as one of the most important markets for Airbus in terms of growth, Faury said the challenge for the aircraft maker is to support the speed of the growth of the aviation industry in India.

Keep ReadingShow less
nintendo switch 2

The new console aims to build upon the success of its predecessor while introducing fresh innovations

Getty

Nintendo unveils Switch 2 - A new era for hybrid gaming begins

After months of speculation and cryptic teaser campaigns, Nintendo has officially announced the highly anticipated successor to its bestselling hybrid console. The Nintendo Switch 2 is set to launch on 5 June, with a price tag of £395.99 for the base package and £429.99 for a bundle including Mario Kart World. With a range of hardware improvements, redesigned controllers, and an exciting lineup of games, the new console aims to build upon the success of its predecessor while introducing fresh innovations.

A Bigger, Sharper Display and 4K Support

One of the most noticeable upgrades in the Nintendo Switch 2 is its display. The console now features a larger 7.9-inch screen, boasting twice the pixel count of the original Switch and supporting full 1080p resolution. Additionally, the display is capable of up to 120 frames per second, ensuring smoother animations, while high dynamic range (HDR) enhances colour contrast for a richer visual experience. Despite these improvements, the Switch 2 maintains the same thickness as the original model, preserving its signature portable form factor.

Keep ReadingShow less
‘All options on the table’ as Britain
prepares for likelihood of US tariffs

Sir Keir Starmer with Jonathan Reynolds

‘All options on the table’ as Britain prepares for likelihood of US tariffs

BRITAIN is likely to be hit by US tariffs despite making “rapid progress” over a trade deal with Washington, prime minister Sir Keir Starmer said on Tuesday (1).

He spoke as US trading partners around the world braced for an expected fresh raft of tariffs from president Donald Trump, in addition to levies already imposed on steel and those set to take effect this week on cars.

Keep ReadingShow less
single-use vapes-iStock

Analysis by Material Focus estimates that 8.2 million vapes are discarded or littered each week in the UK—equivalent to 13 every second. (Representational image: iStock)

iStock

Shops told to clear single-use vapes before ban starts on June 1

SHOPS across the UK have until 1 June 2025 to sell off remaining stocks of single-use vapes before a nationwide ban comes into force.

The legislation, confirmed last year, follows a government consultation that showed strong support for restricting their sale and supply.

Keep ReadingShow less
Primark-London-Getty

During his 15-year tenure, Marchant expanded Primark’s store network to more than 450 locations across 17 countries in Europe and the United States. (Photo: Reuters)

Primark chief Paul Marchant steps down after misconduct probe

PAUL MARCHANT, the head of fashion retailer Primark, has resigned with immediate effect after admitting to an "error of judgment" in his behaviour towards a woman in a social setting.

Associated British Foods (AB Foods), Primark's parent company, announced his resignation on Monday.

Keep ReadingShow less