India aims to reduce its offshore dependence on aircraft leasing and financing and the International Financial Services Centres Authority (IFSCA) in Gujarat’s GIFT City will help in realizing it, said Prime Minister Narendra Modi.
“We are working to simplify aircraft leasing. We endeavour to reduce India’s offshore dependence on aircraft leasing and financing. So, we have set up IFSCA. The benefit of this will be reaped by the entire country,” said PM Modi, after inaugurating the new state-of-the-art Boeing India Engineering and Technology Center (BIETC) campus in Bengaluru.
PM Modi today inaugurated the new state-of-the-art Boeing India Engineering & Technology Center (BIETC) campus in Bengaluru. Built with an investment of Rs 1,600 crores, the 43-acre campus is Boeing’s largest such investment outside the US.
Boeing’s new campus in India will become a cornerstone for partnership with the vibrant startup, private and government ecosystem in India, and will help develop next-generation products and services for the global aerospace and defence industry.
