Domestic companies are also not far behind and are in an expansion mode through the inorganic route.
India will have its tenth domestic passenger airline operating feeder routes from December 14.
Budget carriers say no to full cost airlines' proposal to up rates.
Cut-throat competition in the India-UK route has taken its toll on the UK's second largest full service scheduled airline bmi (British Midland).
Sources close to the development said the Tata group had registered revenues of around Rs 1,100 crore from the defence sector in 2006.
After a delay of four months, Indian intelligence agencies have given security clearance to International Container Terminal Services Inc
Engineering and construction major Larsen & Toubro is planning to foray into arms and ammunition to widen its defence equipment portfolio
Airlines make beeline for tier-III and IV cities, government modernising defunct airports
Jet Airways has entered into a special code sharing agreement with the world's largest carrier American Airlines for India-US flights.
Mitsubishi, Itochu, Bombardier, Siemens, GE and Alstom want piece of action.
Mounting losses have not dampened the expansion plans of domestic carriers.
Freight rates between India and China have dropped by more than half following introduction of express services between the two countries by leading international container shipping liners.
Airplane engine major Pratt & Whitney is planning to set up an aircraft engine workshop in India
Thanks to the leapfrogging Indian economy, the country will need 125 freighter aircraft in next 20 years. At present, India has only seven bigger freighters, owned by Blue Dart Express.
Lured by the fast-growing cargo operations, leading freighter companies have joined the race to enter India in a big way
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