Following its arch rival Boeing, Airbus is now eye
ing to set up a manufacturing plant in Nagpur. This new proposal has come after Boeing decided to setup a maintenance, overhaul and repair facility in the city for an investment of $100 million. The orange city of Nagpur has turned out to be the international cargo city after the government has initiated a plan to use the geographical location of Nagpur for developing it as a cargo centre. This started with establishment of an airport in the city. Besides, with more and more SEZ’s beginning to go operational, the prospects of attracting FDI have largely increased. Looking at all these opportunities, Airbus’ plan to start its facility seems quite logical, although the deal has not been finalized yet. But looking at the speed at which the things are being finalised, it won’t be very late before Nagpur will have Airbus in its land.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
ing to set up a manufacturing plant in Nagpur. This new proposal has come after Boeing decided to setup a maintenance, overhaul and repair facility in the city for an investment of $100 million. The orange city of Nagpur has turned out to be the international cargo city after the government has initiated a plan to use the geographical location of Nagpur for developing it as a cargo centre. This started with establishment of an airport in the city. Besides, with more and more SEZ’s beginning to go operational, the prospects of attracting FDI have largely increased. Looking at all these opportunities, Airbus’ plan to start its facility seems quite logical, although the deal has not been finalized yet. But looking at the speed at which the things are being finalised, it won’t be very late before Nagpur will have Airbus in its land.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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