New Delhi, Aug 5 (IANS) Global aircraft manufacturer Boeing on Friday said it has awarded a contract for manufacture of titanium machined parts and aluminium assemblies for the 787 Dreamliner and 737 airplanes to Bengaluru-based CIM Tools.
"This is yet another step in fulfilling our commitment in the creation of a globally competitive aerospace supply chain in India that delivers to stringent global standards," Pratyush Kumar, President, Boeing India was quoted as saying in a statement.
According to the global aircraft manufacturer, CIM Tools is one of the micro small and medium enterprises (MSME) in India, which Boeing is directly working with.
The company further said that the contract is in line with its strategy in India to develop an indigenous aerospace and defence ecosystem to further support the "Make in India" initiative.
Under the contract, CIM Tools will supply over 57,000 complex titanium machined parts, aluminium details and assemblies for Boeing 787 and 737 airplanes in coming years.
The company added that with the aim of building a world class aerospace ecosystem in India, it is expanding its collaboration with Indian industrial partners.
"Boeing in India has around 500 employees and more than 3,500 people work on dedicated Boeing supply-chain jobs with its 30 direct suppliers across manufacturing, engineering and IT sectors," the statement said.
"The company continues to increase its footprint as direct and indirect suppliers and sourcing activities continue to grow rapidly."