The Airbus Group produced over $500 million worth of aero-structures, components, materials, and services in India during 2015. #MakeInIndia

Airbus Group today said as the European aerospace major announced that it had exceeded the USD 500 million annual procurement mark from India in 2015.

“Indian suppliers are a cornerstone of our globalization strategy,” said Klaus Richter, Chief Procurement Officer, Airbus Group and Airbus.

“Many of the projects with our Indian partners have been very successful and we aim to further strengthen these relationships in future.”

Pierre de Bausset, President and MD, Airbus Group India, said the group is already making in India via its suppliers and this is independent of any offset obligations.

“If our proposals to produce the C295W military transporter in India together with Tata and military helicopters along with Mahindra materialize, we will help set up system integration and final assembly lines which will spawn an Indian defense supplier base that will be second to none globally,” he said.

The Airbus Group produced over $500 million worth of aero-structures, components, materials, and services in India during 2015.

The group has now set its sights on exceeding USD 2 billion in cumulative procurement, covering both civil and defense, in the five years up to 2020. The last year’s figure represents a 15 per cent growth over 2014.

The Indian government has spoken to several defense aerospace firms such as Boeing, Lockheed Martin, and Saab in recent months about the possibility of producing fighter aircraft in-country.