Boeing to invest $600 mn for making P-8I planes

New Delhi: US aircraft manufacturer Boeing Co said on Monday it has started sourcing equipment worth more than $600 million from Indian firms for anti-submarine warfare planes that it is manufacturing for India.

"We have started to place contracts worth over $600 million with Indian companies for supply of indigenous equipment for manufacturing the P-8I planes," said India country head of Boeing's Integrated Defense Systems Vivek Lall.

India signed a $2.1 billion contract with Boeing in January to procure eight P-8I aircraft for its navy.