From Apple to Boeing, India is being put to the test as China manufacturing alternative
Publishing timestamp: 2023-03-12 22:55:04
Summary
Boeing's recent deal with Air India for 220 aircraft valued at $34 billion is the largest in civil aviation history and a prime example of the trend of global manufacturers accelerating manufacturing in India. However, India's push to become a global manufacturing hub will face challenges such as bureaucracy, infrastructure, and quality control. Foreign companies will need strong relationships with local partners to succeed in India's market, but the potential benefits of partnering with India's growing economy and middle class are significant.
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Keywords: world economy, india, business news, asia economy, boeing co, economy, aerospace and defense industry,