EADS sets up sourcing office in India

New Delhi, Nov 1 (UNI) European aerospace and defence firm EADS is opening a sourcing office in India, a part of its commitment to invest 600 million dollars in various projects in the country.

The office will be based in New Delhi and Bangalore, it said.

''Since our first procurement marketing initiatives in India two years ago, the importance of India as a sourcing destination has increased in the field of aerospace and defence,'' said Mr Hans Mundt, chief procurement officer for EADS.

EADS is also expanding its engineering centre in Bangalore and will have an integrated technology park in the city by 2010.

The EADS investments are a part of the offset for an order of 43 Airbus aircraft by government-owned Indian (Airlines) last year.

EADS expects the various projects will generate revenue of a billion dollars.

UNI