FM Sitharaman engages with Boeing delegation, discusses economic vision & aerospace opportunities

New Delhi: Finance Minister Nirmala Sitharaman held a meeting on Tuesday with a delegation from Boeing, led by Salil Gupte, President of Boeing India. The interaction took place in New Delhi and involved discussions on various topics, including India's economic trajectory and the aerospace sector.

During the meeting, Sitharaman highlighted India's journey towards becoming the world's third-largest economy and credited Prime Minister Narendra Modi's visionary leadership for the country's progress. The Minister also emphasised the government's vision for the next 25 years, known as Amrit Kaal, coinciding with India's centenary of independence.

FM focuses on 4 key pillars driving economic growth

Under the framework of Amrit Kaal, FM Sitharaman informed the delegation that the government's focus lies on four key pillars like, Investments, Infrastructure, Innovation, and Inclusivity. These pillars are considered essential for driving economic growth and ensuring the well-being of the population.

FM informs delegation about aircraft leasing operations conducted by banks in GIFT-IFSC

The Finance Minister further discussed India's flourishing aerospace and civil market, citing recent bulk orders for aircraft placed by Indian companies. She highlighted the country's high-growth trajectory in this sector and informed the delegation about aircraft leasing operations conducted by banks in GIFT-IFSC (Gujarat International Finance Tec-City International Financial Services Centre).

India can be developed as MRO hub: Sitharaman

Recognising India's strategic geographical advantage, Finance Minister Sitharaman emphasised the nation's intention to position itself as a maintenance, repair, and overhaul (MRO) hub, catering to a wide region spanning Europe, Africa, and the Far East. She underlined the vast opportunities available for companies to relocate to India, presenting not only a captive market but also the chance to serve the entire region, offering promising business prospects.

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