Boeing Eyes India as Largest Foreign OEM Base, Boosted by Trade Pact: Goyal

• US-based Boeing is a major buyer of aircraft parts from India.
• Commerce and Industry Minister Piyush Goyal stated Boeing sees India as its largest foreign OEM base for components.
• An interim trade agreement between India and the US removes tariffs on certain Indian aircraft and parts.
• Boeing currently sources over USD 1.25 billion annually from India, including components and services.
• Airbus also plans to increase its sourcing from India to USD 2 billion by 2030.