AEROSPACE PARK
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
Gopalan Enterprises targets Rs 500 crore rental income over 4-5 years
Real estate developer, Gopalan Enterprises, part of Gopalan Group, aims to increase its office rental income to Rs 500 crore annually and could list its assets as a real estate investment trust (REIT) in the next four-five years, a senior company executive said.
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology. With a core focus on innovation, skilling, and industry collaboration, ARTPARK nurtures startups, supports research, and tackles societal challenges. Backed by substantial funding, it's a nexus for developing cutting-edge solutions and driving India's technological advancement.
Militarisation, weaponisation of space inevitable reality: IAF chief
IAF Chief Air Chief Marshal V R Chaudhari emphasized the increasing significance of space in military operations, stating that as nations rely more on space-based assets, the militarization and weaponization of space have become inevitable realities. Speaking at a seminar on "Aerospace Power in Future Conflicts," he highlighted the transformation in the military operational environment towards simultaneous and independent operations across multiple domains. He also stressed the importance of gaining and maintaining information and decision superiority, citing the need for developing critical capabilities like CMOS sensors and robust C2 networks.
IIT Madras partners with Starburst Accelerator SARL to establish €100 Million Aerospace and Defence start-up hub
French aerospace firm Starburst Accelerator SARL collaborates with IIT Madras to establish a startup hub in India with a funding support of €100 million. This partnership aims to enhance the Aerospace, Space, and Defence (ASD) ecosystem in India, focusing on market analysis, technology scouting, and international expansion strategies for Indian startups. The initiative will also create venture capital funds for ASD technology and provide export promotion support for Indian startups to explore international markets.
Investment in manufacturing, EV, pushing Indian gears to compete globally: American Gear Manufacturers Association
In recent years, India has seen a notable increase in its contribution to the global electric vehicles and aerospace market, particularly in the export of high precision gears, according to American Gear Manufacturers Association (AGMA) president Matthew Croson. This growth is attributed to increased investment in the manufacturing sector by both the government and private players.
Moon landing puts new space race startups in spotlight
Declining cost of rocket launches is fueling the boom in the private space industry that could reach about $770 billion by 2027, with some estimating that "New Space" firms could account for a sizable chunk of the market. Here are some firms working toward exploring the opportunities.
Defence firms see Asia opportunity in Russian absence from air show
Russia's absence from the Singapore Airshow presents an opportunity for rival companies to attract Asian customers away from Russian equipment. Southeast Asian countries are shifting away from Russian equipment while exploring options from Western and South Korean defence companies.
PM Modi inaugurates Boeing's global engineering & tech centre campus near Bengaluru
Boeing's new global engineering and technology centre campus was inaugurated by PM Modi in Bengaluru. The facility is built at cost of Rs 1,600 crore. The 43-acre state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus launched on Friday is the company's largest such investment outside the US.
Hyderabad may become India's defence manufacturing hub; city gets ₹1,500 crore boost from Adani Group
In a strategic move, the Adani Group is investing ₹1,500 crore over the next two to three years in Hyderabad, aiming to make it a key hub for manufacturing missiles and unmanned vehicles. Ashish Rajvanshi, CEO of Adani Defence & Aerospace, highlighted the city's significance, envisioning it as a buzzing center for Adani's ambitious plans. The company aims to produce various missiles and unmanned systems, collaborating closely with DRDO and initiating work on counter drone systems. The recent unveiling of the Drishti 10 'Starliner,' India's first indigenous UAV, further solidifies Hyderabad's role in defense innovation.
Navy Chief unveils first indigenously manufactured UAV from Adani Defence & Aerospace
Indian Navy Chief Admiral R Hari Kumar unveiled the Drishti 10 Starliner drones, manufactured by Adani Defence, at the company's Aerospace Park in Hyderabad. The drone is an advanced Intelligence, Surveillance, and Reconnaissance (ISR) platform with 36 hours of endurance and a 450 kg payload capacity.
Adani Group to set up data centre, aerospace park in Telangana, says state government
Adani Group representatives led by CEO of Adani Ports and SEZs Karan Adani and CEO of Defence and Aerospace Ashish Rajvanshi met Chief Minister Revanth Reddy in Hyderabad.
Skyroot unveils Vikram-1 rocket, set to launch satellites early next year
Indian space start-up, Skyroot Aerospace, has unveiled its Vikram-1 rocket, which is expected to launch satellites into low earth orbit in early 2024. The rocket is capable of carrying around 300 kg payloads and features 3D-printed liquid engines. The company's new headquarters, named 'The MAX-Q Campus', was also inaugurated by the Science and Technology Minister.
Space startup Skyroot unveils Vikram-1 rocket, set to launch satellites next year
Vikram-1 is a multi-stage launch vehicle with a capacity to place around 300 kg payloads in Low Earth Orbit. It is an all-carbon-fibre-bodied rocket that can place multiple satellites into orbit and features 3D-printed liquid engines.
"India now in position to lead other nations in space sector," says Union Minister Jitendra Singh
Union Minister Jitendra Singh on Tuesday unveiled Skyroot Aerospace's new headquarters 'MAX-Q' at GMR Aerospace and Industrial Park in Hyderabad. He is also expected to unveil the Vikram-1 Orbital Launch Vehicle. Speaking to at Skyroot Aerospace's new headquarters, Jitendra Singh said, "Today we are in a position where India is no longer seen as a country that is being led by the other countries. We are now giving leads to other countries, at least in the space sector."
Bevel Gears to invest on new facility at aerospace park in Bengaluru
The company, the gears of which are on the rover Pragyan in the Chandrayaan-3 mission, would invest Rs 25 crore on the proposed facility as it remains bullish on India’s space and defence sector. The new unit would add about 100 jobs, managing director Sulaiman Jamal said in a statement.
Apollo Micro Systems plans to set up defence equipment manufacturing facility in Telangana at Rs 150 crore
"Apollo Micro Systems Ltd proposes to set up a state-of-the-art defence equipment manufacturing facility in Hardware Park, Hyderabad. The company has estimated total investment in the upcoming ventures to be around Rs 150 crore," it said. The company said it is planning to complete the project in nine months.
India has scope for 130-150 more wide-body aircraft: GE Aerospace
India's civil aviation market has the potential to add 130-150 more wide-body planes as airlines expand and consider deploying them in dense domestic routes, according to GE Aerospace South Asia CEO Vikram Rai. Currently, there are only about 50 wide-body aircraft in India's fleet of 700 commercial planes.
GMR Hyderabad Aviation SEZ signs lease agreement with Safran Aircraft Engines for MRO
GMR Hyderabad Aviation SEZ Ltd has signed a Land Lease Agreement with Safran to lease land in Hyderabad, India for Safran to build and operate an Engine MRO facility for LEAP turbofan engines. Occupying 36,500 sqm of built-up space across 23.5 acres, the facility will have an initial capacity to service 100 engines per annum, gradually increasing to around 300 engines by 2035.
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