Boeing not seeing delay in ongoing talks with India
BANGALORE (Reuters) - Boeing Co (BA.N) is not seeing any delay in ongoing contract talks with the Indian government, a company official told Reuters in an interview on Thursday.
The company has not seen any impact yet of New Delhi's budget cuts this year, including those affecting defence, said Dennis Swanson, vice president of international business development for Boeing Defence, Space and Security in India.
India is planning cuts to its budget this year, including some affecting defence, to reduce spending by about 1.1 trillion rupees in the current financial year, or some 8 percent of budgeted outlay.
(Reporting by A.Ananthalakshmi; Editing by Jeremy Laurence)
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Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article