May 29, 2009 (FinancialWire) (Cross Border: US India News Wrap) — Boeing (NYSE: BA) has set up a research and technology center at Bangalore. This center will collaborate with research and development organizations in universities and corporates in India and enhance the country’s aerospace capabilities. The Indian center is also Asia’s first for Boeing, which has two other facilities in Europe and Australia. For Boeing, such a collaboration with the best brains globally, gives the company a competitive technological edge.

Boeing already collaborates with researchers at the Indian Institute of Science and at Wipro and HCL as part of the Aerospace Network Research Consortium, and the research center will continue on this foundation to break new ground in in aero structures, aerodynamics and electronic networks. This is the first aerospace research consortium on a public-private basis in India. The company claims these efforts will change the future of aviation.

This innovation best practice model has already been implemented in the UK and has seen Boeing teaming up with industry and universities that have already added value to the economy. Apart from collaborating with leading universities like Sheffield and Cambridge, Boeing has established leadership centers that give SMEs an opportunity to participate in developmental programs. The initiative also gives those in the filed added job opportunities and encourages long term competitiveness for industry participants.

The Indian aviation industry sources a large portion of its carriers from Boeing, either on purchase or lease. Boeing expects India to purchase over 900 planes valued at US$86 billion in the next 20 years, while its rival Airbus, the other major supplier of planes, expects Indian airliners to demand 1,100 passenger and freight aircraft valued at US$105 billion, over the same period. Moreover, Boeing is also expecting US$31 billion in defense deals with India in the next 10 years.

Even amid lowering its production forecast in the short term, Boeing has good reason to continue to invest in development ventures and stay optimistic. Such innovation measures not only contribute towards long term cost cuts and technological improvements but creates a unique value proposition for the brand both regionally and globally.

Cross Border: US India News Wrap is a unique news and analysis service from ValueNotes. This weekly publication focuses on US corporations and what they’re doing in India. This will be a unique service focused entirely on the US-India story; and will chronicle the growth in cooperation, closer economic ties, mutuality of interest and US corporations increase investment in India and its impact on companies, sectors and investing options.

No responsibility is accepted for errors of fact or opinion. Neither the analyst nor ValueNotes has a position in the stocks covered above, or has received any payment in any form for this report. ValueNotes does not own or trade in the stocks of companies under coverage. ValueNotes does not provide investment banking services or investor relations’ services to preserve the independence of its research. Neither ValueNotes nor the analyst incurs any liability arising out of use of the above information/ report. Reproduction in whole or in part without written permission is prohibited.

ValueNotes is an independent research firm based in India, and provides a range of custom research and business intelligence services, including India-based research outsourcing solutions. Through a constantly evolving range of products and services, the ValueNotes Outsourcing Practice (www.valuenotes.biz) provides service buyers, vendors, consultants and others in the outsourcing industry with access to in-depth analysis backed by reliable primary intelligence.

Both ValueNotes and Investrend Research are members of the First Research Consortium, and participate in the organization’s standards development panel for independent research providers located at http://www.firstresearchconsortium.com .

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.