Bangalore-based Dynamatic Technologies delivered the first set of A330 wing components, produced jointly in their facilities in U.K. and India. The flap track beams for Airbus’ twin aisle A330 model are high tech guide rails fitted to the wings of the aircraft, which are crucial in controlling speed, direction and...
India, The New Innovation Destination of Choice
A report titled Digital Dynasties: The Rise of Innovation Empires Worldwide by Paris, France-based technology consulting and services firm Capgemini has listed Bangalore, India, as one of the top five most preferred locations for multinational companies that want to set up innovation centers and harness technology talent. India, which did not figure in the top 10...
IATA: India Was the World’s Fastest Growing Aviation Market in 2015
India was the world’s fastest growing aviation market in 2015, expanding more than 20 percent, according to International Air Transport Association (IATA) in a December presentation, reports Bloomberg Business. The country's air travel industry outpaced the 10 percent growth registered in China and 5 percent increase in the United States....
Airbus Partners with India’s TASL to Build Transport Aircraft in India
In a historic decision taken by the Defense Acquisition Council, Tata Advanced Systems Ltd. (TASL) will partner with Airbus in a $2 billion deal to manufacture the C-295 transport aircraft that will replace the aging Avro transport planes. This decision is expected to pave the way for the establishment of...
India Withdraws Tax and Dutry Exemptions for State-Owned Defense Companies
In a move to encourage foreign defense manufacturing in India, the government has withdrawn the preferential customs and excise duty exemptions that were applicable to products manufactured by the state-owned Ordnance Factories Board and other defense public sector undertakings. This has been done to level the playing field and neutralize...
India to Float Tender for 100 Naval Utility Vehicles
Defense-Aerospace reports that eleven of India’s private sector companies among which are Tata Advanced Systems, Bharat Forge, Mahindra Aerospace, Reliance Defense & Aerospace and L&T, have responded with proposed joint ventures for the co-development of three types of foreign helicopters - AS565 MBe of Airbus, Bell Helicopters-429 and Super Lynx...