Archive For The “Business” Category

Odisha Aerospace and Defence Manufacturing Policy rolled out

Odisha government rolled out Odisha Aerospace & Defence Manufacturing Policy, 2018 ahead of the second edition of ‘Make In Odisha Conclave’ held here from November 11 to November 15. 2018, The policy, which has been approved by the state cabinet, will be placed before investors at the conclave, an official said. The policy aims at […]

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Eaton Aerospace to set up plant in Bengaluru

Eaton Industrial Products Pvt Ltd has decided to set up its first aerospace division at the Bangalore Aerospace Park with an investment of Rs 50.50 crore. The company, a part of the $20 billion US-based power management firm, has decided this close on the heels of Boeing’s decision to set up an electronics manufacturing and […]

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After Presidents trip to Tajikistan, India hopes to expand strategic presence at Ayni Air Base

India, seeking to expand its strategic presence in Central Asia, is hoping to expand its military base in Tajikistan — its only such facility abroad — where Indian Air Force and Border Roads Organisation personnel have been stationed since 2005.  President Mr Ram Nath Kovind visited Ayni Air Base, about 15 km west of the […]

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India Hopes for Early Conclusion of $19 Billion Contract for 110 Fighter Jets

Air Chief Marshal B.S. Dhanoa has said that following the failure of the decade-long negotiations with Dassault Aviation for 126 fighter jets, the Indian Air Force (IAF) has become wiser, hence, this time around the proposed procurement of 110 fighter jets will be hassle-free and prompt. The IAF was earlier looking for a single-engine jet to replace the aging fleet of MiG-21s and MiG-27s, […]

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Rafale Deal Bears Fruit : India To Get Two Major Missile Assembly Units

Amid the political allegations levelled against the Modi government by the Congress party in the Rafale deal, one state-owned company is expected to gain big from one of the two major proposals which are part of the offset of the Rafale deal, Livefist has reported. The major proposals include moving the final assembly of major […]

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Lockheed, Tata in JV to make F-16 jet wings

In a major boost to the ‘Make in India’ initiative, American security and aerospace giant Lockheed Martin announced that the wings of its F-16 fighter jets will be produced in India. Maryland-based Lockheed Martin has entered into an agreement with Tata Advanced Systems Limited (TASL) for the project. Lockheed officials insisted that the planned F-16 […]

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Pvt sector to get Rs 9K cr for space launch vehicles

A bonanza awaits the private sector in space vehicle manufacturing. Indian Space Research Organisation (ISRO) chairman Dr K Sivan said the private industry will get over Rs 9,000 crore out of the Rs 10,400 crore announced by Prime Minister Mr Narendra Modi for the manufacture of 40 launch vehicles. At the launch of the sixth […]

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New Kannur airport may boost tourism in Kodagu, Mysuru

Tourism industry in Mysuru and Kodagu is hoping for a surge in tourist footfall — all thanks to Kannur International Airport, a greenfield airport in Kerala, which will be inaugurated for flight operations shortly. Stakeholders here argue that the airport will open a new gateway for tourism development as Kodagu is closer to Kannur and eventually […]

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Govt. to seek new bids for Pawan Hans

The government will soon invite fresh bids for 100% stake sale in Pawan Hans by issuing an addendum to the disinvestment document as ONGC is ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51% stake, and state-owned […]

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Godrej, U.K.’s GKN Aerospace sign pact for helicopter tanks

Godrej Aerospace, a unit of Godrej & Boyce Mfg. Co. Ltd., has signed an agreement with U.K.-based GKN Aerospace, a premier aerospace supplier, for the manufacture of specialised helicopter fuel tanks. Godrej Aerospace would set up a manufacturing facility for the production of these fuel tanks, the company said in a statement. ‘Aiming to be […]

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