In much exciting news, airplane manufacturer Boeing is going to set up shop in Hyderabad in the coming months. The American multinational is said to have been impressed by the state government’s proactive policies for attracting FDI, and has decided to soon establish an airplane conversion line for passenger to freighter (P2F) conversion in the state.
Reportedly, Boeing is going to partner with GMR Aero Technics for the upcoming project, which will further enhance the maintenance and repair operations (MRO) abilities of the country. Over a period of the next one and a half year, Boeing and GMR will work on training and know-how transfer. Sources privy to the deal said that the timing of the first airplane being converted will depend on when Boeing will have a major order from this region.
More details about their partnership and the P2F conversion line project will be unveiled once the public announcement is made in the upcoming days. Last month, Boeing also announced that they’re going to invest in a logistics center in India soon with INR 200 crore investment. In 2021, TBAL added a new production line to manufacture complex vertical fin structures for the 737 family of airplanes.
Boeing’s annual sourcing from India stands at USD 1 billion and it employs over 5,000 people in the country, plus another 13,000 through its 300 Indian partners. On the other hand, Telangana has won the Best State Award in Aviation and Aerospace, boasts of superior infrastructure at low cost, and an established aerospace and defence supply chain, creating a conducive environment for foreign multinationals to invest in the state.