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Prime Minister Narendra Modi recently opened a fancy Boeing centre in Bengaluru, India. This Boeing India Engineering & Technology Center (BIETC) is a big deal because it's Boeing's largest investment outside the U.S., costing Rs 1,600cr and covering 43 acres.
Modi thinks it's a stepping stone for India to design its cool aeroplanes in the future. He's all about building a setup in India where we can make our planes. He pointed out that India has lots of small and medium-sized businesses (MSMEs), a bunch of smart people, and a government that doesn't change every other day, making it a good place for making planes.
Modi also bragged about how India has improved its airports – from having about 70 operational ones in 2014 to around 150 now. He said the airports work much better, helping India become the third-largest domestic aviation market globally. Modi gave credit to programs like UDAN for getting more people to fly and boosting demand for planes.
He assured everyone that it won't take too long before Boeing makes its planes in India. Modi spoke about the government's plans to support the aviation sector, like asking state governments to cut taxes on plane fuel and making it easier for companies to lease planes. He also mentioned a fancy authority in Gift City to reduce our reliance on other countries for leasing and financing planes.
Modi believes it's a great time for international companies like Boeing to join hands with India's growth plans. He sees the new Boeing centre as a sign that Karnataka is becoming a major aviation hub in India. So, it's not just about cool aeroplanes; it's about India growing and becoming more awesome in the next 25 years.
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