Bengaluru (Karnataka): 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. PM Modi also launched the Boeing Sukanya Program which aims to support the entry of more girl children from across India into the country's growing aviation sector.
The program will provide opportunities for girls and women from across India to learn critical skills in the science, technology, engineering and maths (STEM) fields and train for jobs in the aviation sector. For young girls, the program will create STEM Labs at 150 planned locations to help spark interest in STEM careers. The program will also provide scholarships to women who are training to be pilots. India today is the third largest domestic civil aviation market, with volume more than doubling in the past decade, PM Modi said. "UDAN scheme has helped a lot. In the coming years, the domestic air traffic will further rise. Looking at such a huge demand, our airlines have placed a massive order for aircraft. .