Modi in France: Airbus to hike Indian outsourcing to $2 bn

Paris, April 11: Airbus Industrie has assured Prime Minister Narendra Modi that its Indian outsourcing will increase from $400 million to $2 billion over the next five years as part of the Indian government's Make in India initiative. External affairs ministry spokesperson Syed Akbaruddin tweeted: "500% increase in 5 years. @Airbus to PMA @narendramodi : Indian outsourcing to increase from $400 mil to $2 billion." "Make in India gains further momentum. $2 billion cumulative outsourcing planned by @Airbus from India by 2020," he posted. This was conveyed to Modi during his tour of the Airbus headquarters in Toulouse, in southern France, where he flew down from Paris. Modi arrived in France on Thursday on the first leg of his three-nation tour, which will also take him to Germany and Canada. Accompanied by French Foreign Minister Laurent Fabius, Modi went around the Airbus A 380 Assembly Line Facility in Toulouse.