Manufacturing

Defence exports grew to Rs.9,000cr in 2020 The Indian aero components sector is set to grow to Rs.60,000 crores by 2024 from the current Rs.30,000 crores, Defence Minister Rajnath Singh said at the close of Aero India 2021 at Bengaluru...

LUHs get clearance; ALH delivered at Aero India 2021 Hindustan Aeronautics Limited (HAL) is giving a big thrust for indigenous R&D programmes towards self-reliance and enhancing operational effectiveness of the Armed Forces. This was stated by HAL Chairman and Managing...

Incentivize manufacturers and OEMs, says Sethi The Government is targeting to develop 200 airports in next four years including airport, heliports, seaports and advanced landing grounds with private investors participation, according to Civil Aviation Secretary Pradeep Singh Kharola. Currently, India...

Hopes on Budget 2021-22 to accelerate economic growth The Reserve Bank of India (RBI) has kept benchmark interest rate unchanged at 4% while maintaining an accommodative stance, implying rate cuts in the future if need arises to support the COVID-19...

Five-year contract for HAL's Bengaluru Foundry and Forge Division GE Aviation has initiated the development of a raw material supply chain in India under a "Make in India" under a Rs.100 crore (US$15 million) contract signed with Hindustan Aeronautics Ltd...

Composite raw material MoU signed Hindustan Aeronautics Limited's (HAL) two deals signed at the Aero India 2021 are to present a Request for Proposal (RFP) from the Indian Air Force for their Basic Trainers requirement and a Memorandum of Understanding...

Make in India 2.0 focus on 27 sectors Domestically Manufactured Iron & Steel Products (DMI&SP) Policy has been suitably amended vide notification dated 31 December, 2020, in order to align it to the revised Public Procurement (Preference to Make in...

Facilities for keeping Indian Navy assets combat ready OSK India Pvt Ltd (OIPL) has signed an MoU with United Shipbuilding Corporation (OSK) of Russia for maintenance and servicing of Indian naval ships and for manufacturing & supply of spares. Speaking...

IAF-Industry to set up repair and overhaul facilities in India Aviatech Enterprises Pvt Ltd (AEPL) has entered into a ‘Framework Agreement’ with Joint Stock Company Russian Aircraft Corporation (RAC} MiG of Moscow to be the in-country authorised partner for providing...

Economic recovery to provide opportunity for India The Production Linked Incentive (PLI) Scheme will be a game changer and put India's focus on technology exports such as electronics, electrical machinery and automobiles, which accounts for over 35% of global imports,...