Lockheed Martin plans to select local partners in India this summer to support a competitive sales campaign for the C-130J, including the selection of a final assembly provider, a company official said Feb. 21. The C-130J and the Embraer KC-390 are competing for an Indian government contract to buy 40-80...
India Ramps Up Infrastructure Lending in its Neighborhood
In recent years, New Delhi has upped its overseas lending, providing tens of billions of dollars in credit to countries in the region, including financially distressed Belt and Road Initiative (China's program) recipients such as Sri Lanka. India's role as a creditor, by which it offers other governments lines of...
Tata Group’s Titan Expands to Michigan
Titan Engineering & Automation Limited (TEAL), a wholly owned subsidiary of the Bangalore-based Titan Company, has incorporated a wholly owned subsidiary TEAL USA Inc., in the State of Michigan. The entity was approved by the Michigan Department of Licensing and Regulatory Affairs. 100 per cent of the paid up share...
Lockheed to begin supplying F-16 wings from Indian plant in 2020
Lockheed Martin could begin supplying wings for its F-16 combat jets from a facility in southern India from next year, a senior executive said. Lockheed is bidding for a contract, estimated at more than $15 billion, to supply the Indian Air Force with 114 combat planes and has offered to...
JV between AgustaWestland and Tata Sons, India Approved by Government
India’s Foreign Investment Promotion Board cleared a proposal to set up a helicopter assembling unit by Indian Rotorcraft Limited, a joint venture between AgustaWestland and Tata Sons. Indian Rotorcraft will now undertake the final assembly of helicopter model AW 119Kx in lieu of AW 119Ke as proposed earlier, and these...
New Defense Minister Acts Quickly
Six times since the infamous Bofors scandal of the 1980s, India has cancelled the purchase and upgrade of its artillery. This is set to change. At his very first opportunity to chair the Defense Acquisition Council meeting, Manohar Parrikar issued orders for a Request for Proposal to be launched for...