Boeing’s Innovation Soars in Bengaluru: A Milestone Unveiled by Prime Minister Modi 2024 The 43-acre campus at Devanahalli, close to Kempegowda International Airport in Bengaluru, was constructed with an investment of Rs 1,600 crores, making it Boeing’s largest outside of the United States. It is anticipated that Boeing’s new campus in India will serve as a fulcrum for collaboration with the thriving Indian startup, private, and government ecosystem, fostering the advancement of next-generation goods and services for the world’s aerospace and defence industries.
The PM expressed hope that India will emerge as a significant force in the global aviation sector and attributed the increase in domestic air travel to the UDAN initiative.
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Boeing’s Innovation Soars in Bengaluru : Inaugurating the Boeing India Engineering and Technology Center (BIETC)
Inaugurating the Boeing India Engineering and Technology Center (BIETC) in Bengaluru on Friday, Prime Minister Narendra Modi marked the company’s largest investment outside of the US.
Constructed with an investment of Rs 1,600 crores, the 43-acre campus is positioned as a major hub for collaboration across India’s government, commercial, and startup sectors.
Boeing’s Innovation Soars in Bengaluru : Aerospace Innovation Strategic Collaboration
It is anticipated that the new campus will be crucial in developing alliances with India’s thriving defence and aerospace industries. It seeks to support the creation of cutting-edge goods and services for the world’s aerospace sector.
The Boeing Sukanya Program
The goal of PM Modi’s Boeing Sukanya Program is to encourage more ladies to pursue careers in aviation in India. The program’s main goal is to give women and girls opportunities.
The Function of IFSCA in Lowering Offshore Dependency
In his speech, Prime Minister Modi underlined India’s resolve to lessen its reliance on leasing aircrabroadToto do this, he emphasized the function of the International Financial Services Centres Authority (IFSCA) at Gujarat’s GIFT City.
India’s Expanding Aircraft Industry
India is the third-largest domestic market for civil aviation, according to PM Modi, and its volume has increased significantly over the last ten years. He expressed hope that India will emerge as a significant force in the global aviation sector and attributed the increase in domestic air travel to the UDAN initiative.
States Should Be Encouraged to Lower Their Aviation Fuel Taxes
According to PM Modi, the federal government is pushing states to lower their aviation fuel tariffs to grow the country’s aviation industry even more.
Bengaluru’s prospects and recognition in the future
PM Modi underlined his belief that Bengaluru, which is renowned for bridging technological potential with international demands, would be key in determining how the aviation industry develops in the future. He praised Bengaluru’s Boeing Global Technology Center as an example of Indian ingenuity and talent.
The Engagement of Women in Aviation
The Prime Minister emphasized how impressive it is that women make up 15% of pilots in India, which is three times the global average. He commended Indian women for their leadership in both combat and commercial aviation.
Boeing’s Innovation Soars in Bengaluru : Infrastructure Growth
of India creating future aircraft at the Boeing plant in Bengaluru. The Prime Minister declared Karnataka to be the nation’s new aviation hub following the opening of the Boeing facility and the largest helicopter production factory in Asia today. According to him, the centre is pushing state governments to lower fuel-related taxes and is also trying to facilitate aircraft leasing.
In addition, he brought up the International Financial Services Centers Authority, which was founded in Gift City to lower India’s reliance on foreign leasing and financing of aircraft. He went on to say that this will help the nation’s aviation industry as a whole. He made the point that the Central Government’s policy actions are making India one of the marketplaces with the greatest connectivity. He declared,
