Boeing, Airbus Chase Highly Proficient Indian Talent To Tap The Recovery Led Boom At Competitive Costs

Boeing Co BA and Airbus SE EADSF EADSY hunted for highly-skilled, low-cost engineers in India to meet a pandemic recovery-led boom in demand for aircraft and expand their manufacturing presence.
Airbus plans to hire 1,000 people in India in 2023 out of 13,000 globally. India has Boeing's second-biggest workforce worldwide, the U.S. jet manufacturer's India head Salil Gupte told Bloomberg News in an interview.
Boeing and Airbus are also establishing some production in India.
With about 1.5 million engineering students graduating annually, India is a rich source of talent.
Boeing can hire an engineer in Bengaluru, India's southern tech hub, for 7% of the cost of a similar role in Seattle, the report cited salary data compiler Glassdoor.
An Airbus representative told Bloomberg that hiring in the country was "not really" coming at the cost of jobs in other locations.
Boeing plans to hire 10,000 people globally this year after adding nearly 15,000 in 2022, focusing on engineering and manufacturing.
Gupte defended India's hiring, saying expanding manufacturing and innovation capabilities in the country will attract more customers and drive up demand for Boeing's products, spurring employment.
The availability of workers in India at competitive global costs makes offshoring of certain production processes a genuine possibility, the report quoted Ravi Srivastava, director of the Center For Employment Studies at the Institute of Human Development in Delhi.
Danny Lauber, CEO of Israel Aerospace's India unit, said in an interview, "I have worked in many places around the world, but I haven't seen such a strong universe of resources."
Price Action: BA shares traded lower by 0.95% at $201.26 in premarket on the last check Friday.
Photo Via Wikimedia Commons

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