The Make in India week, organized by the Department of Industrial Policies and Promotion and the western state of Maharashtra created avenues for showcasing, connecting and collaborating for manufacturing in India. The response from corporate investors from domestic and international markets was significant , and 2,094 memorandums of understanding were...
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 looks to European and American Companies for a Light Fighter to Replace MiG 21
Defense Minister Manohar Parrikar announced that, in addition to the Rafale, India could buy a second foreign fighter, in the lightweight category, to replace several MiG-21 squadrons that will retire this decade. Lockheed Martin’s F-16IN Super Hornet, Swedish company Saab’s Gripen NG, the Russian Yak-13, may be contenders for the...
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In a move to encourage foreign defense manufacturing in India, the government has withdrawn the preferential customs and excise duty exemptions that were applicable to products manufactured by the state-owned Ordnance Factories Board and other defense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...
British Aerospace appoints new leader for India
UK defense company BAE Systems has appointed its CIO, Dean McCumiskey as Managing Director of its operations in India. BAE has formed two defense venture companies BAeHAL, a Bangalore-based software engineering joint venture with Hindustan Aeronautics Ltd. (owned by India’s Ministry of Defense) and Defence Land Systems India in partnership...