India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at a major air show this week.
Indian carriers may buy 1,500 to 1,700 aircraft in coming years, CAPA said, including Air India and IndiGo.
Modi has made "Make-in-India" a centrepiece of his economic policy, insisting that manufacturers such as Lockheed Martin CorpHis government's push to expand the world's fifth-largest economy to $5 trillion by 2026 from $3.2 trillion in 2021 could mean more industrial supply deals."The days of foreign companies selling directly to India are over," a defence industry source told Reuters.
At the same time, airlines like Air India are seeking to go head-on with rivals like Emirates Airline for a bigger share of international passenger flow. But many analysts warn recapturing traffic from established Gulf hubs will face tough competition. The U.S. delegation will be the largest in the air show's 27-year history, said the embassy in New Delhi. "As India modernises its defence capabilities, certainly we want to be the partner of choice."
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