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Boeing says it plans to build on existing investments in India

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News Tech: NEW DELHI, Aug 24 (Reuters) – Planemaker Boeing (BA.N) plans to build on its existing investments in India in areas such as defence supply chains and manufacturing, the company said on Wednesday.

“Boeing anticipates $3.6 billion in economic impact to the Indian aerospace and defence industry over the next 10 years, with the F/A-18 Super Hornet as India’s next carrier-based fighter,” the company said in a statement.

The world’s second-largest planemaker is offering its F/A-18 fighter jet for sale to India’s armed forces and said the selection of the jet would help boost investments in the country’s defence industry.

The company is yet to secure an order for the jet from the Indian navy.

Source: Reuters Trust Principles.

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