EADS to invest up to 2 billion euros in India

PARIS - European aerospace giant EADS said on Tuesday it would invest up to 2 billion euros (2.56 billion dollars) over 15 years in high-tech research and production sites.

By (DPA)

Published: Tue 29 Aug 2006, 7:05 PM

Last updated: Sat 4 Apr 2015, 1:04 PM

The investments will generate about 2,000 new jobs, EADS said in a press statement.

“India is becoming a major actor in the aeronautics industry... and is a high-priority country for EADS because it offers market potential and solid competence in aeospace and defence,” EADS co-chief Thomas Enders said during his current trip to India with German Economy Minister Michael Glos.

In addition, according to a recent report by Financial Times Deutschland, EADS subsidiary Eurocopter is to work with the Indian group HAL to develop a new military helicopter.

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