Airbus has announced that it has renewed agreements with several suppliers located in India including Mahindra Aerospace for the production of parts for commercial aircraft.

According to a statement from Airbus, contracts have been struck with Aequs, Dynamatic, Gardner, and Mahindra Aerospace for the supply of airframe and wing parts for the A320neo, A330neo, and A350 projects.

The latest contracts follow the allocation of the A320neo family cargo and bulk cargo doors manufacturing to Tata Advanced Systems earlier this year, Airbus said.

The company already procures components and services worth USD 750 million every year from India, and the latest round of contracts will add significantly to those volumes, it said.

"Make in India is at the core of Airbus' strategy in India. We are proud that we are putting in place all the critical building blocks for an integrated industrial ecosystem that will propel India into the front ranks of aerospace manufacturing nations," said Remi Maillard, President and Managing Director of Airbus India and South Asia.