Search This Blog
Hello everyone, I am Akash and I will share the update about finance and investments in Indian and global markets to you. That can help you to gain some information and help to make investment decisions.
Featured
- Get link
- Other Apps
How an Indian Brand Deal Helped Other Countries?
India is one of the growing nations around the globe. And recently a deal happened with French and American giant companies, that will help these countries more. You all have understood the agreement that we are talking about. Yes, it's Air India - Boeing - Airbus Deal. Air India is an Indian Airline Company owned by Tata Group, Airbus is a French Aircraft Manufacturing Company, and Boeing is an American Aircraft Manufacturing Company.
Air India said on February 13 that it intended to buy 470 passenger aircraft (250 and 220) from the two industrial behemoths, French Airbus and American Boeing. As all three organizations had a private deal but the statement from all national leaders already displayed its importance. French President Emmanuel Macron and American President Joseph Biden had a healthy discussion with Indian Prime Minister Narendra Modi about the deal. Apart from them, UK Prime Minister also showed praise and announced that some of the parts of the aircraft will be manufactured in UK units.
Since the US President and the UK Prime Minister are up for election next year, India's generous directives had more significant political ramifications. Together with the private aircraft agreement, this boosts India's growing international reputation as it solidifies its place as a geopolitical power.
The deal is so important to the United States of America that it is about to create 1 million jobs for people in over 44 states in the country. Joe Biden said, "I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing. This purchase will support 1 million American jobs across 44 states and many will not require a four-year college degree."
UK Prime Minister also praised Air India's historic orders saying it will create jobs and boosts exports from Britain. As the Airbus 350 powered XWB engines are made by British Company Rolls-Royce. It has already received orders for 68 Trent XEB-97 Engines from Air India.
The transaction, which is worth tens of billions of dollars, is made at a precarious time for the plane manufacturers after the pandemic as they are now receiving orders from many nations after being under industrial pressure. The acquisition also aims to establish Air India as one of the major international carriers and secure its position in the market.
What are your thoughts on this? Do comments and tell us.
I hope this blog was informative to you. You can follow and connect with us on LinkedIn and Instagram.
- Get link
- Other Apps
Popular Posts
How can I invest in IPO | IPO Week | IPO | Finance Talks with Sky
- Get link
- Other Apps
Comments
Post a Comment