Dhaka, April 10 -- Airbus SE plans to increase its annual sourcing from India to $2 billion by 2030 - a nearly 43pc jump from current levels - as it looks to capitalize on growing sales in the country's booming aviation market.

"We have a target," Remi Maillard, president and managing director of Airbus in India and South Asia, told reporters in New Delhi, adding that this quantum of sourcing will be achieved "well before 2030".

The French firm sourced $1.4 billion of products from India in 2024, an increase of 40% from the previous year, Maillard said. That compares with $500 million worth of procurement from India in 2019.

The decision to boost sourcing reflects India's growing importance, with its domestic aviation market ranked the...