Airbus aims to achieve $2 billion cumulative sourcing from India by 2020

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Airbus aims to achieve $2 billion cumulative sourcing from India by 2020 Airbus is planning to achieve $2 billion in cumulative sourcing from India by 2020. The company’s newly announced India President Pierre de Bausset updated Airbus’ strategy for growth in India specifically.
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After taking the charge as Airbus India president on June 1 Bausset said, "Synergies, growth, consistency and coherence are the main tenets of my vision for a robust Airbus Group India, adding "My mandate is to further boost Airbus Group's collaboration with India and embed it durably in the overall Airbus Group's industrial organization. It would open up more opportunities for us to partner with domestic players to fulfill requirements of our local customers as well as jointly target export markets.”

Emphasising that sourcing and engineering are most significant factors of company’s growth in India, Bausset said, "I admire the intelligence and competitive attitude of Indian engineers and Indians in general. There is plenty of potential to make India a hub for engineering and innovation in the Group."
Bausset’s journey with Airbus is 25 years old where he was the Corporate Secretary of Airbus Group since 2008. Pierre has been the Head of Investor Relations and Financial Communications for the group and prior to that he was with Aerospatiale, first heading a finance subsidiary in the US and later as the Head of Mergers & Acquisitions, precisely when it merged to become EADS.