New Delhi, Feb. 8 -- President and Managing Director of Airbus India and South Asia, Jurgen Westermeier, on Sunday, hailed the framework for the interim Bilateral Trade Agreement (BTA) between India and the United States, calling it a "runway for Indian suppliers to scale globally".

According to a joint statement from the Commerce Ministry and the White House, the United States will remove tariffs on certain aircraft and aircraft parts from India, which were imposed to address national security threats.

Westermeier said the framework will help foreign original equipment manufacturers (OEMs) diversify their sourcing strategies.

He said, "The announcement of a framework for an interim agreement between India and the United States on reci...