US aviation firms asked to set up bases in India - Economic Times

WASHINGTON: India has asked US aviation companies to think of establishing manufacturing bases and investing in aviation infrastructure like airports in India for a long-term commitment.

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Visiting Indian Minister of State for Civil Aviation Praful Patel told senior US officials like Commerce Secretary Gary Locke and Transportation Secretary Ray LaHood Thursday that Washington should also explore the possibility of liberalising the export control regime.

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Locke and LaHood told Patel that US companies were very impressed with the growth displayed by India's aviation sector and were keen to contribute to the growth, according to an Indian embassy press release. In response, Patel said these companies needed to "show a long-term commitment beyond just exporting to India" and should seriously "explore the possibility of establishing manufacturing bases and investing in aviation infrastructure like airports".

Full Story: US aviation firms asked to set up bases in India - Economic Times