Airbus plans to ramp up its annual sourcing from India to $2 billion by 2030, marking a nearly 43% increase from current levels, as the aerospace giant strengthens its presence in one of the world’s fastest-growing aviation markets.

“We have a target,” said Rémi Maillard, President and Managing Director of Airbus India and South Asia, during a press briefing in New Delhi. He noted that this goal will be achieved well before 2030.

The France-based aircraft manufacturer sourced $1.4 billion worth of products from India in 2024, up 40% from the previous year and nearly tripled from the $500 million recorded in 2019.

This surge underscores India’s rising importance in global aviation. With its domestic market now the third largest in the world, Airbus projects India will require 2,210 new aircraft over the next two decades. Indian airlines currently hold an order book of around 1,800 aircraft, one of the largest in the world.

Maillard called the growth in sourcing from India “unprecedented,” highlighting the achievement despite complex approval processes. Airbus is a key supplier to leading Indian carriers like IndiGo and Air India, further cementing its strategic partnership with the country.