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India becomes big market for world aircraft industry


Aircraft companies from around the world are gearing up to sell passenger planes and military jets to India.

A recent five-day international air show in Bangalore attracted 240 aircraft companies from 31 countries. They included Boeing from the United States and Europe's Airbus for passenger planes. The U.S. Lockheed Martin company and France's Snecma presented plans for military jets.

In the next few years, India expects to buy more than 300 passenger planes for its domestic airlines, while the Indian air force plans to buy 126 new warplanes. Aviation analysts expect India to spend as much as 35-billion dollars on new planes in the next 20 years.

At the same time, India is also exploring the possibility of joint ventures with foreign aircraft companies.

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