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Tuesday, September 23, 2003
Boeing opening office in India to coordinate work there
The Boeing Co. said yesterday that it will open an administrative office in India to better direct local companies doing manufacturing, software development, and research and development for the Chicago-based company.
Boeing spokesman Mark Hooper disputed a report in The Times of India describing the planned office as "a wholly owned software subsidiary" and a story by Bloomberg News calling it "a software R&D company."
"That has been misreported," Hooper said. "It's been characterized as us hiring a lot of people. That's just not how it's happening. It's an office of 10 or fewer employees. There will not be software development or software R&D going on."
He said administrators in the office will coordinate work already being done for Boeing by software giants such as Wipro Ltd. and Infosys Technologies Ltd. The office also will supervise relations with state-owned Hindustan Aeronautics Ltd., which provides doors for some Boeing planes, he said.
At the same time, Hooper left open the possibility that Boeing may enlarge its Indian office.
"Our intention is to expand our R&D opportunities as they arise," he said. "We have no specific plans to place work in India, but we'll evaluate future opportunities that come up."
To open its office, Boeing has filed an application with India's Foreign Investment Promotion Board, whose role is "to promote accelerated growth in the industrial sector."
Hooper wouldn't say how much the company will invest in the office.
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