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Boeing revises India aircraft forecast to 1,850 new Jets over 20 Years

Boeing Co expects Indian airlines to order 1,850 new aircrafts worth $265 billion over the next 20 years

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Visitors look at models of Boeing aircrafts at the Aviation Expo China 2015, in Beijing, China, in this September 16, 2015 Image source: REUTERS/Jason Lee/Files
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  • In March 2016, the company had forecasted that demand from India would add up to orders for 1,740 planes over 20 years
  • Boeing mentioned it has more than 85 percent share of the wide-body airplane market in India
  • LCCs dominate Indian skies and account for more than 60 percent of the flights in the country

India’s commercial aerospace market has made significant headway as they see an upward curve in the demand of new aircrafts.

Boeing Co (BA.N) said on Tuesday, July 19, it expects Indian airlines to order 1,850 new aircraft worth $265 billion over the next 20 years, up from an earlier forecast, thanks to the new aviation rules that the manufacturer said will boost demand.

In March 2016, the company had forecasted that demand from India would add up to orders for 1,740 planes over 20 years.

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“India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world,” said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.

Dinesh Keskar, Senior Vice President, Asia Pacific and India sales Boeing Commercial Airplane. Image source: www.thehindubusinessline.com
Dinesh Keskar, Senior Vice President, Asia Pacific and India sales Boeing Commercial Airplane. Image source: www.thehindubusinessline.com

“With the new aviation policies in place, we even see greater opportunities, and remain confident in the market and airlines sector in India,” Keskar said.

Last month, in June in India overhauled rules governing its aviation industry, liberalising norms for domestic carriers to fly overseas and spreading the country’s air travel boom to smaller cities by capping airfares and opening new airports.

Boeing said in an email that it forecasts single-aisle planes, such as the next generation 737 and 737 Max, to make up the bulk of new deliveries, with India likely to need about 1,560 such aircraft.

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Boeing says it has more than 85 percent share of the wide-body airplane market in India, while competitor Airbus (AIR.PA) sells the bulk of small planes preferred by low-cost carriers (LCCs) such as InterGlobe Aviation’s (INGL.NS) IndiGo.

LCCs dominate Indian skies and account for more than 60 percent of the flights in the country.

Boeing expects worldwide demand for 39,620 aircraft over the next 20 years, putting India’s share of the total at less than 5 percent. With that being said, Boeing still maintains a  bullish outlook for the country’s commercial aerospace market. (Reuters)

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When Khadi Transcends Boundaries

Indian Leading Designers Showcased collections using Khadi

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'Khadi - Transcending Boundaries' here.
'Khadi - Transcending Boundaries'. Pixabay

India’s leading designers Rohit Bal, Anju Modi, Payal Jain and Poonam Bhagat showcased collections using khadi at Fashion Design Council of India (FDCI)-presented ‘Khadi – Transcending Boundaries’ here.

The event, handspun around the country’s fabric of freedom Khadi in collaboration with Khadi Village and Industries Commission (KVIC), was a part of the SME Convention 2018 hosted by Ministry of Small and Medium Enterprises (MSME) on Monday night.

The designers showcased innovative modern twists to khadi ensembles in colours of white, black, indigo and mustard.

Representational image for a showcase event of KHADI.
Representational image. PIxabay

Giriraj Singh, Union Minister MSME, was the guest of honour and he thanked FDCI President Sunil Sethi, who was jubilant at the fashion show.

Khadi’s celebration was also witnessed by other prominent personalities like Mukhtar Abbas Naqvi, Union Minister of Minority Affairs, Meenakshi Lekhi, MP Lok Sabha, ad guru Prahlad Kakkar, KVIC Chairman Vinay Kumar Saxena, MSME Secretary Arun Kumar Panda and some international delegates.

“We would like to thank KVIC and Khadi India for believing in us. We will strive to promote Khadi through multi-faceted and meaningful drives which will bring to the fore its true potential and catapult it in the global arena,” said Sethi.  BollywoodCountry

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