New Delhi. 05 August 2016.. In a step ahead towards Make-in-India, Boeing awarded a contract to CIM Tools Private Ltd. for the manufacture of complex titanium machined parts and aluminum assemblies for the 787 and 737.
Under the contract, CIM Tools will supply over 57,000 complex titanium machined parts, aluminum details and assemblies for Boeing 787 and 737 airplanes in coming years.
“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,” said Pratyush Kumar, president, Boeing India. “We look forward to the success of the new contract that we are signing with CIM Tools.”
The new agreement was reached through close
collaboration between Boeing and CIM Tools. CIM Tools is one of the Micro Small and Medium Enterprises (MSME) in India, which Boeing is directly working with. This is in line with Boeing’s strategy in India to develop an indigenous aerospace and defense ecosystem to further support the ‘Make in India’ initiative.
“We never expected to become a direct supplier to Boeing in this short span and are ecstatic with the selection of Boeing,” said Srikanth, one of the founders and director for business development and finance, at CIM Tools Private Ltd. “We are deeply honored with this escalation of stature in the business and shall strive hard to grow our business with Boeing with on-time deliveries to the required quality standards.”
With the aim of building a world-class aerospace ecosystem in India, Boeing 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 company continues to increase its footprint as direct and indirect suppliers and sourcing activities continue to grow rapidly.
“Our partnerships with Indian suppliers play an important part in Boeing’s strategy of establishing itself as a global industrial champion,” said Ashwani Bhargava, director, Supplier Management, Boeing India. “Our agreement with CIM Tools is another demonstration of our commitment to developing the aerospace industry in India.”