Latest news with #Gupte
Economic Times
3 days ago
- Business
- Economic Times
India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel. Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years. While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of biofuels for aviation. The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted. Currently, SAF costs 2.5 to 3.5 times more than Aviation Turbine Fuel (ATF). If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading aircraft maker, has a significant presence in India.
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Business Standard
5 days ago
- Business
- Business Standard
India can become net exporter of sustainable aviation fuel: Boeing exec
India has the potential to emerge as a net exporter of Sustainable Aviation Fuel (SAF) amid global efforts to reduce carbon emissions from the aviation sector, according to a senior Boeing executive. Speaking at the CII Annual Business Summit 2025 in New Delhi, Salil Gupte, President of Boeing India and South Asia, pointed to the abundant availability of feedstock, such as agricultural residue, which can be leveraged for SAF production. With aviation contributing roughly 2–3 per cent of global carbon emissions, SAF is viewed as a critical solution for cutting these emissions. Gupte noted that India is poised to add 2,500 new civil aircraft over the next two decades, reinforcing its position as one of the fastest-growing aviation markets. Indian carriers have already ordered more than 1,000 aircraft in recent years. Gupte observed that India's modernising aircraft fleet would aid decarbonisation efforts and suggested the country could take a leading role in scaling up biofuel production for aviation. The main challenge, he said, would not lie in aircraft or engineering technology, but in ensuring adequate and cost-effective supply of SAF, which currently costs 2.5 to 3.5 times more than traditional Aviation Turbine Fuel (ATF). To meet the global net-zero aviation target by 2050, annual production must reach 185 million tonnes of SAF. India, with its wide range of feedstock — including used cooking oil and farm waste — has the capacity to produce 8–10 million tonnes annually, Gupte said. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry," Gupte said, adding that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading global aerospace manufacturer, continues to maintain a strong operational presence in India.
Time of India
6 days ago
- Business
- Time of India
India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel. Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years. While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of biofuels for aviation . The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted. Currently, SAF costs 2.5 to 3.5 times more than Aviation Turbine Fuel (ATF). If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry ," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading aircraft maker, has a significant presence in India.
Yahoo
03-03-2025
- Business
- Yahoo
Compass Box names Nishat Gupte as CEO successor to Maurice Doyle
Compass Box has named Nishat Gupte as CEO of the Scotch whisky producer following the departure of Maurice Doyle from the UK-based business. Gupte steps into the CEO role from today (3 March) and will be joined in April by Neil Everitt as chairman. The appointment of Everitt, the founder of UK gin group Brockmans, was announced in January before Doyle said last week he would step down at the end of February after almost three years as CEO. Gupte joins Compass Box, which is based in Richmond, London, from Betty Buzz and Betty Booze, the New York sparkling soda and cocktail businesses, respectively, founded by actress Blake Lively. There he served as 'founding' CEO for almost five years, according to a statement from Compass Box. Prior to that, Gupte was head of European luxury and alcoholic beverage investment at Credit Suisse, while he previously served in finance roles at Diageo, Citi Group and Ernst & Young. 'Partnering with Neil, whose track record in the industry has been extraordinary, gives us a remarkable platform to unleash the full potential of Compass Box's signature quality and creativity,' Gupte said. 'I look forward to further building on our commercial strategy, while safeguarding the pioneering spirit that's made Compass Box the favourite among Scotch tastemakers worldwide.' Set up in 2000, Compass Box supplies markets in the UK, the US, China, Japan, France and Germany. It has stocks of whisky maturing in Scotland, according to the company's website. The business is backed by Caelum Capital, which acquired a 'significant majority shareholding' in the Scotch whisky brand in May 2022. Meanwhile, incoming chair Everitt will succeed Dr Alan Rutherford, who has been Compass Box's chair for 18 years. Commenting on Gupte's appointment, Everitt said: 'Nishat's blend of financial and commercial acumen, as well as beverage industry experience, complements Compass Box's innovative DNA perfectly. 'Together with the team, we aim to expand the brands market presence, refine its commercial execution, and keep delivering top-tier whiskies that exceed expectations.' As well as the founder and executive director of Brockmans Gin, Everitt was chairman of Ireland-based craft brewer Rye River Brewing. He is also an investor in Jubel Beer in the UK. Prior to Brockmans, Everitt held executive positions with Stock Spirits Group, Allied Domecq, and British American Tobacco. "Compass Box names Nishat Gupte as CEO successor to Maurice Doyle" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Boeing signals more orders needed before setting up assembly line in India
By Abhijith Ganapavaram BENGALURU (Reuters) -Boeing signalled on Monday it would need more orders from India before it considers setting up a final civil aircraft assembly line there, potentially throwing cold water on the government's hopes of the U.S. planemaker assembling commercial jets in the country. "The business case in order to have final assembly in any region has to be far larger than what the Indian market is. It requires many more airplanes than are being bought in India today," Boeing India and South Asia president Salil Gupte told Reuters. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. "We'll have to see how it evolves as the markets in India and around India go. In the meantime, it is all about building stepwise capability to get up to that point," Gupte said in an interview on the sidelines of the Aero India show in the city of Bengaluru. Boeing said in an emailed statement it has a "strong commitment" to India's aerospace sector. The company has in the past offered to assemble defense aircraft, such as its F/A-18 jets, in India. But the volume required for final assembly of commercial airplanes is far greater than that required for defense, and a viable business case would require a large regional market, the company added. Early last year, Prime Minister Narendra Modi said India will not have to wait too long for a Boeing that is designed and manufactured in the subcontinent. The country's civil aviation minister told Reuters in 2023 that the time had come for Boeing and Airbus to make civil aircraft in India. "As the market evolves, we continue to assess the feasibility of co-development and co-production opportunities when the time is right, ensuring we have a robust ecosystem to support them," Boeing added on Monday. Indian airlines, including Tata's Air India and IndiGo, have about 1,800 aircraft on order with global planemakers and are scheduled to take delivery of 130 jets this year, according to data from UK-based Cirium Ascend. Last week, Boeing said it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels. Gupte said final assembly was less than 10% of the value proposition of an airplane, adding that the "real money" is in everything else that is being done to get up to that stage. Boeing sources products and services worth $1.25 billion from India annually from a network of more than 300 suppliers, according to its website. The company employs about 7,000 people in the country. The company's joint venture with India's Tata Group produces AH-64 Apache helicopter fuselages and 737 aircraft vertical fin structures for customers worldwide. Gupte said the Indian government needs to provide incentives to suppliers to bring down the cost of capital in India to help expand the aerospace supply chain. "We had very candid conversations (with the civil aviation ministry) and they are willing to take those conversations forward" with other departments, he said.
