Airbus to invest big in India in the coming years

European aircraft manufacturer Airbus has said that they would be investing $1 billion in India over the next decade.

The company is eyeing the ever-growing aviation industry in India, which is generating huge orders for both Boeing and Airbus.

Airbus said in a statement that they estimate the Indian market to see demand for passenger and freight aircraft valued at $105 billion to meet burgeoning demand by 2025.

They would be spending around $300 million in setting up a pilot-training school. An additional $250 million would be spent on an engineering unit. Both of these units are expected to be established in the IT city of Bangalore.

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