With increase in range and payload capability, Madhavan said the new variant will be much superior than Tejas Mark-IA, 73 of which are being procured by the Indian Air Force from the HAL under a Rs 48,000 crore deal that was approved by the government on January 13.
Six global defence majors, including US giants Lockheed Martin and Boeing, and European consortium EADS, today offered to invest an estimated $2 billion to $3 billion to revitalise India's defence and aerospace industry.Under the proposals, which came days after New Delhi unveiled a new investment-friendly weapons procurement policy, the companies offered to pump in more investments, create defence exports and set up weapon-related joint ventures.
Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
With both aircraft likely to meet the IAF's performance requirements, the winning bid could be the one that offers the lowest cost and the best industrial proposal.
Expected to offer Gripen NG fighter aircraft or a possible joint collaboration in manufacturing single engine light combat planes.
Auto component-maker Bharat Forge Ltd on Monday said it will invest around Rs 1,500 crore (Rs 15 billion) over the next three years to focus on its non-automotive business of making components and heavy forgings for energy, marine, defence, aerospace and locomotive sectors.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
In its report tabled in Parliament, the national auditor said the Dassault Aviation and the MBDA proposed in September 2015 to discharge 30 per cent of their offset obligations by offering high technology to the Defence Research and Development Organisation (DRDO), but the two firms are yet to do it.
The facility is a joint venture between the aerospace major and national carrier Air India, while MADC, a government agency, has provided the land. The 99-year lease agreement is for 50 acres of land located adjacent to the Dr Babasaheb Ambedkar International Airport under the prestigious Multi-modal International Passenger and Cargo Hub, Nagpur project.
Israel Aerospace Industries (IAI) has officially acknowledged that the defence deal between the two countries was signed on February 27 under which Israel will develop and manufacture sea borne and shore-based systems against missile attack on India, business daily Globes reported.
Russian defence aerospace major Sukhoi is close to bagging its first civilian Indian client with its regional 60- to 90-seater jet Sukhoi Superjet 100.
Israel's defense forces will this week launch its most advanced satellite -- on the back of an Indian space mission.
Depending on the fleet size and its age, airlines buy 30-50 per cent of the components that they need, and take the rest on lease. Expenditure on spares and components is a considerable part of engineering and maintenance, which account for over 9-10 per cent of the total operating expense of an airline. For instance, Air India, which has a large and ageing fleet, has to provide $35 million-$40 million for spare parts during any time of the year.
The company expects the division to add double-digit growth to the company's top line during the current financial year, he said.
Harvinder S Anand, who graduated as a chemical engineer from Punjab University, Chandigarh, is the president of Royce International, a multi-national corporation.
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
The cancellation of the project has far-reaching implications for the IAF, for which this was once its high-tech future fighter.
Candidates will be offered an opportunity to undertake high quality academic research through a goal-oriented summer mini-project undertaken at the Indian Institute of Science, Bangalore.
Boeing's plan involves setting up an Indian factory and the aerospace ecosystem to build the Block II Super Hornet.
A large Dhruv order could significantly boost Indian defence exports. These have grown from Rs 1,940 crore in 2014-2015 to Rs 10,745 crore in 2018-2019.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
In his PIL, Sharma alleged discrepancies in the fighter jet deal with France and sought stay on it.
The procurement will come at a cost of Rs 38,900 crore.
The manufacturing sector now contributes about 16-17 per cent to the GDP
An excerpt from Conde Nast India's Make In India magazine.
The BJP MP in her plea alleged that Gandhi has attributed his personal remarks to the top court and tried to create prejudice.
TAL Manufacturing Solutions expects its indigenously made affordable industrial robot, the Brabo, to boost the robotics vertical and contribute almost 40 per cent of its overall revenues in the next five years. Sohini Das reports.
The petition by the trio came two weeks after the apex court had on October 10 asked the Centre to provide details of the decision-making process in the Rafale deal with France in a sealed cover by October 29.
The maximum number of banks are from the US (74), followed by China (29) and South Korea (26).
The plea also seeks details of comparative prices during UPA and NDA rule.
There's a need to train 40,000 pilots over the next year-and-a-half.
Is the price of one fighter Rs 681 crore? Rs 686 crore? Rs 703 crore? Rs 1,063 crore? Rs 1,225 crore?
Defence Ministry says the report is being verified, maintaining that neither Indian nor French government had any say in the decision.
'An armed helicopter equipped with counter-drone systems will provide the airborne counter-drone capability and flexibility needed to protect India's critical assets.'
Company has secured orders for 450 C919 planes.
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