Under the pact, touted as the largest manufacturing contract between Airbus and a private sector company in India, Dynamatic will assemble all the flap track beams from its Bengaluru facility while in the second phase, it will be responsible for the entire supply chain for these beams including sourcing materials, manufacturing and final assembly.
"Airbus partnership with Dynamatic signifies our commitment towards developing the aerospace supply chain in India thereby supporting thousands of highly skilled jobs in India," Airbus India managing director Srinivasan Dwarakanath said in a release.
As part of the agreement, the Indian firm will be the single-source supplier of flap-track beams for the wide-body Airbus 330 family planes, it said, adding the latest business deal elevates Dynamatic to a global tier-1 supplier.
"Through these partnerships, we can proudly claim that there's a bit of Made in India in all our aircraft programs," Dwarakanath said.
In recent years, there has been a marked increase in Airbus sourcing from India, with more than USD400 million worth sourced the previous year, the company said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app