The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines and gas turbine engines as part of its plans to grow presence and participation in India's defence sector, Rolls-Royce said in a statement.
Currently, the company said it sources a wide range of high-precision parts and engine components for its civil aerospace, defence and power systems businesses from a variety of Indian partners, without disclosing the overall value of the sourced products.
Aerospace major Rolls-Royce on Monday said it intends to double its supply chain sourcing from India over the next five years.
The story "Rolls-Royce to double sourcing from India over the next five years" has 467 words across 10 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Rolls-Royce to double sourcing from India over the next five years" was covered 1 days ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 322 news stories per day.
It's most recent story was published 5 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
