Boeing to begin manufacturing in India
New Delhi: Boeing, the second biggest beneficiary of United States Defense Department government contracts, is outsourcing manufacturing and about 3,000 jobs to India.
Boeing is an American multinational corporation company that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide.
Boeing recently announced that it would be building their second largest manufacturing facility in Bengaluru, India and not in U.S.
According to the media report, manufacturing plant is expected to generate 3,000 high-paying jobs that could have gone to American workers if the facility was being built in the U.S.
Boeing has profited massively from increases in defense spending by President Trump’s administration.
While the multinational corporation expands its manufacturing in India, the manufacturer’s top five executives are all earning salaries no less than $7 million a year.