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Boeing to invest $100 m on Nagpur plant

       Nagpur: American Counsel to India Michael Owen has officially announced that aircraft manufacturer, Boeing has plans to invest 100 million dollars for building a maintenance, repair and overhaul (MRO) unit in Nagpur, Maharashtra. While talking to reporters here, Owen said: "The initial plan for Boeing is to invest around 100 million dollar. It could go up substantially depending upon the company involved". Nagpur has good infrastructure facility, the diplomat said, adding this was a factor considered by the Boeing management. The Memorandum of Understanding (MoU) for setting up of the MRO unit - Boeing's first project in India - was signed last month by Boeing vice president Dinesh Keskar and Maharashtra Chief Minister Vilasrao Deshmukh. The MRO unit to be spread over a 60 acre area is likely to be operational in the coming 18 months and would serve the maintenance requirements of all Boeing aircraft present in the country. The setting up of the MRO unit is part of the aircarft manufacturer's commitment to invest 185 mn dollar in MRO and training institutes in the country after it signed a historic Rs 45,000 crore deal for supplying 68 aircraft to the country's national carrier Air-India. The government has allotted land adjoining the international airport at Nagpur for the unit. The aircraft manufacturer will also be committing 85 mn dollars for setting up a flight training school and grant to training institutes.
-Sept 16,  2006

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