August 27, 2004Economy

American aircraft maker exploring Indian investment

Maverick Jets is exploring a $1 billion investment

This is an archived blog post from The Acorn.

This was an important week for India’s aircraft industry. It began with Saras taking to the skies and ended with an American manufacturer of private jets exploring India as a destination for its manufacturing plant. And it is heartening to see a state government actively pursue the investment opportunity. But landing this deal is not going to be easy, for cheap labour is but one of the several factors involved.



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