Airbus and Tata team up to bid for Indian Air Force planes
NEW DELHI: Europe's Airbus and Tata Sons have bid for a multibillion-dollar contract to replace the Indian Air Force's ageing fleet of Avro cargo planes, as New Delhi looks to boost the role of the local private sector in modernizing its armed forces. Under the bid, estimated by analysts to be worth at least $2 billion, Airbus's Defence and Space unit and Tata's Advanced Systems would replace the 56 Avro jets with Airbus's C295 transport planes, the European manufacturer said on Tuesday. Airbus would supply th…
Airbus may partner Tatas for manufacturing defence transport aircraft
NEW DELHI: French aircraft giant Airbus is likely to tie up with the Tatas to manufacture transport planes for the defence sector, sources familiar with the development told TOI. The planned partnership is likely to mark the first big-ticket entry after the Narendra Modi government raised the FDI limit in defence production to 49% from 26% to boost domestic manufacturing and reduce outgo of foreign exchange. The proposed entry of Airbus in partnership with the Tatas puts at rest doubts that were expressed when the sector was opened up. Th…
Battle heats up for a share of the defence pie
With access to foreign investment becoming easier, a host of Indian companies vie for a share of the $100-billion budget for equipment. W hen it comes to high-mobility, multi-purpose personnel carriers like the Humvee, which is the transport backbone of the US Army, India lags far behind. But in three years from now, the world's third-largest armed force could have its own Humvee-like light combat vehicle - produced indigenously. With the opening up of defence production to private sector, with 49 per cent foreig…
AgustaWestland firm on expanding footprint in India
The company is undaunted by probe into corruption charges in VVIP copter deal Unfazed by the probe by the Indian and Italian governments into charges of corruption in the Rs. 3,727-crore contract for 12 AW-101 VVIP helicopters for the Indian Air Force, helicopter major AgustaWestland is keen to expand its footprint in the Indian military and civil aviation markets. “Notwithstanding the current difficulties, we need to expand our presence in India,” said Jackie Callcut, Chief Executive Officer, AgustaWestland India. Talking to The…
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