American aerospace giant Lockheed Martin is keen on stepping up investments in India, officials here have said.
Lockheed Martin has offered to build F16 fighter jets under ‘Make in India’ initiative. The company’s chairman, president and CEO Marillyn Hewson was here on a two days visit and had met Commerce and Industry Minister Nirmala Sitharaman on Wednesday.
“The discussions focused on the relaxation of FDI norms and stepping up of their investments,” news agency PTI quoted a ministry source as saying.
“I look forward to growing our 25-year story in India and to establishing greater and more meaningful partnerships that will help grow the Indian economy and community,” she was quoted as saying.
“Meeting with political leaders, senior government officials and leading Indian industrialists, Hewson highlighted Lockheed Martin’s sponsorship of the India Innovation Growth Programme (IIGP) as an example of effective partnership in action,” said a company release.
It said the company’s commitment to the ‘Make in India’ policy, the national ‘Skills Initiative’ and to working with industrial partners in India to expand its business footprint was a feature of discussions she had during her trip.
The statement highlighted that every C-130J airlifter sold internationally contains major aerostructure assemblies manufactured in India by Tata and every S-92 medium-lift helicopter built by Sikorsky, a Lockheed Martin company, has a cabin manufactured by Tata in Hyderabad.