BANGALORE 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)
Trending On Reuters
Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates. He's a casualty of the global oil price collapse. Full Article