The timing of the tie-up is also significant. India is currently the world’s fastest-growing aviation market, with more than 1,800 aircraft on order by airlines such as Air India, IndiGo and Akasa Air.

However, delivery slots for single-aisle aircraft from Airbus and Boeing are largely sold out well into the next decade.

Against this backdrop, the government has been exploring ways to encourage global manufacturers to establish final assembly lines in India, viewing local assembly as a means to deepen industrial capability and reduce dependence on imports.