Airbus says it will consolidate its Indian business divisions into a single entity to support its Make in India plans.

"We have consolidated our divisions in India under Airbus Group India Ltd to pool our resources and engage with local stakeholders more efficiently," says Airbus group chief executive Tom Enders. "Given India's importance for us, we have implemented a new organizational structure with new president Pierre de Bausset, a 25-year veteran of the group and its former corporate secretary.”

Bausset replaces Yves Guillaume, who had established the group's local footprint during his nine-year tenure in India.

Airbus has made a joint bid with Tata group to offer the C295 aircraft as a replacement for the Indian Air Force's ageing Avro aircraft. Airbus also is working with the state-run Indian Space Research Organization (ISRO) to develop and produce satellites.

"We aim to embed the Indian industry, public and private, in our global value chain and achieve $2 billion in cumulative sourcing from India by 2020," Bausset says.