Airbus to invest big in India in the coming years

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.