INDIA AEROSPACE
UP defence corridor attracts Rs 25,000 crore in deals through 154 MoUs, propels industrial growth
Uttar Pradesh has signed more than 150 defence manufacturing deals worth ₹25,000 crore, focusing on boosting India's defence production and exports. The projects, part of the UP Defence Industrial Corridor, will create 40,000 jobs across six districts. With notable companies like Adani Defence and BrahMos Aerospace involved, the initiative aims to propel the state's industrial value chain and support India's self-reliance in defence. Significant milestones include the delivery of AK-203 rifles and the development of a BrahMos missile plant.
Former defence secretary Ajay Kumar joins VC play with early-stage fund
Ajay Kumar, a former bureaucrat who retired as India’s defence secretary in 2022, has set up a new venture fund, Mounttech Growth Fund, to back early-stage startups. The Rs 250-crore fund has secured approval from Sebi. The fund will look to back startups in the space, aerospace, and deep tech sectors.
Big Boost to Rudra and Prachand helicopters: Adani Defence and Thales Group to manufacture 70mm rockets in India
Adani Defence & Aerospace has partnered with Thales Group to produce 70mm rockets in India, supporting the "Make in India" initiative. This collaboration aims to enhance India's defence capabilities with locally produced rockets for HAL Rudra and Prachand helicopters, while also boosting the country's defence manufacturing sector and creating employment opportunities.
US has 'some concerns' over India-Russia military engagement: Kurt Campbell
US Deputy Secretary of State Kurt Campbell has expressed concerns over India's military and technology engagement with Russia, but also has confidence in New Delhi to advance partnership in key areas. The US is seeking to develop a deeper and stronger technological relationship with India, despite the ongoing relationship between India and Russia. Campbell emphasized that while there are areas of alignment between the US and India, there may be differences in perspectives and historical ties.
Adani Defence collaborates with UAE-based EDGE Group, signs cooperation agreement
Adani Defence and Aerospace has signed a cooperation agreement with UAE-based EDGE Group, one of the world's leading advanced technology and defence groups. As per an official joint press release issued on Tuesday, the agreement aims to establish a platform leveraging ...
Adani def & aero, EDGE Group sign agreement to set up global platform leveraging capabilities of both firms
Adani Defence & Aerospace and a leading group in the UAE have signed a cooperation agreement to establish a global platform leveraging their capabilities to cater to global and local customers.
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Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
LGBTQIA+ employees have a new ally at workplace in senior leaders
At companies such as GE Aerospace, IBM, LTIMindtree, Deutsche Bank, Cisco, Cummins and Thoughtworks, board members, leaders, people managers as well as teammates are driving a culture of inclusiveness so that LGBTQIA+ workers don’t feel isolated.
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
India is exploring critical minerals in Latin America for EVs, but a solution may be closer in Kazakhstan. The country has reserves of critical minerals that can support India's clean energy goals.
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.
ISRO Chairman inaugurates HAL facilities, rocket manufacturing capacity gets a boost
ISRO Chairman S Somanath inaugurated state-of-the-art propellant tank production and CNC machining facilities at Hindustan Aeronautics Limited's Aerospace Division, enhancing rocket manufacturing capacity. These facilities will enable HAL to meet ISRO's growing demand for six LVM3 rocket launches per year, up from the current capacity of two. Somanath emphasized HAL's potential in future missions, while HAL's Chairman C B Ananthakrishnan highlighted the collaboration's role in accelerating human spaceflight missions and Next-Generation Launch Vehicles. The new facilities will produce high-performance fuel tanks and precision components critical for LVM3 rockets.
SAMIL management on growth outlook, company performance and more
The overall market has about 90 million vehicles, which is around pre-COVID levels. However, when broken down by region, Europe and America are still 10-15% below pre-COVID levels, while India and China have ramped up beyond pre-COVID levels.
India's Make-in-India defence projects, include K-9 Vajra Howitzers and fighter jet engines, await post-election approval
India's defence agenda post-elections includes crucial projects like acquiring K-9 Vajra howitzers and Su-30 MKI fighter aircraft engines. These projects, initially scheduled for approval in March, were postponed. Hindustan Aeronautics Limited (HAL) will produce the engines, worth approximately Rs 20,000 crore, aiding in indigenisation efforts. Additionally, the proposal to purchase 100 more K-9 Vajra SP howitzers is under consideration, reflecting the Indian Army's evolving needs. Various defence research and development programs await government clearance, signaling significant advancements in indigenous defence capabilities.
Space startup Agnikul Cosmos calls off maiden rocket launch for a fourth time
India's Agnikul Cosmos delayed the Agnibaan rocket launch to test igniter performance. The rocket can carry 300 kg to orbits 700 km high. Skyroot launched India's first privately developed rocket in 2022 from ISRO's site.
Spacetech startup GalaxEye tests SAR tech on NAL’s pseudo satellite
GalaxEye CEO Suyash Singh said that the company tested its synthetic aperture radar (SAR) technology on a subscale high altitude pseudo-satellite (HAPS) developed by the National Aerospace Laboratories (NAL).
India is one of the key markets for business growth in industrial space: Siemens executive
Siemens Digital Industries Software is a part of German conglomerate Siemens and is headquartered in Plano, Texas. The company focuses on product lifecycle management (PLM) software and works with industries like aerospace and defense, pharmaceuticals, and automotives. Its products include Teamcentre (a PLM software and collaboration tool), design software NX and low code platform Mendix.
ET Make in India SME Regional Summit in Hyderabad will focus on the state’s high-tech prowess
Starting with the tech-powered city of Hyderabad, the ET Make in India Regional Summit aims to power the state’s MSMEs leveraging on its innovative quality.
Indian businesses brainstorm on diverse sectors including digital tech & aerospace at Choose France Summit
The 7th Choose France Summit in Paris featured a dedicated France-India roundtable where TCS announced a Global AI Center of Excellence. The event highlighted the India-France strategic partnership and the upcoming Indo-French Year of Innovation to enhance bilateral ties.
Aerospace manufacturers seek business class upgrade on local plane orders
Indian aerospace manufacturers are relying on a surge in orders from domestic airlines to enhance their business prospects with international giants like Airbus and Boeing. Additionally, they are seeking government assistance through policy initiatives. The sector received a significant boost when Air India placed orders for planes, and Airbus expressed interest in expanding the global presence of suppliers to diversify its sales currency.
India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
India is set to start manufacturing T100 type carbon fibre within the next 2.5 years, aiming to overcome import restrictions limiting its use in strategic applications. T100 carbon fibre finds applications in defence, aerospace, civil engineering, and more, including hydrogen cylinders, missiles, and bulletproof jackets. The initiative involves collaboration between Bhabha Atomic Research Centre (BARC), Hindustan Aeronautics Limited (HAL), and Mishra Dhatu Nigam Limited (MIDHANI) to promote indigenous production and address licensing challenges faced by foreign nations.
Bet on PSUs only if bullish on India growth story; never in the short-term: Anand Sharma
Anand Sharma discusses the extensive impact of public sector enterprises in various sectors under government control, emphasizing the wide theme of PSU equity with a focus on power, oil, financials, logistics, metals, and mining. Sharma says , PSU equity fund is a thematic fund and should be a smaller part of any investors investable corpus.
ET has the lowdown on five of the most exciting startups at ARTPARK
Strider Robotics develops agile legged robots for rough terrains. Hones quadruped robot platform. Emphasizes motor drivers, robotic joint actuator, and actuator testing. Includes pneumatic soft gripper, VayDyn, and autonomous drone platforms.
Can homemade BrahMos propel India to become Asia's top defence supplier?
India's delivery of BrahMos missiles to the Philippines signifies a significant milestone in its defence export ambitions. The move not only strengthens bilateral ties but also showcases India's technological prowess and commitment to self-reliance in defence manufacturing. As India continues to explore opportunities for defence exports, addressing challenges and enhancing capabilities will be key to realizing its vision of becoming a major defence supplier in the region.
Rashtriya Raksha University signs MoU with French Starburst Aerospace
RRU and Starburst Aerospace's MoU aims to enhance aerospace, defence, and security innovation. The 100 million euros venture fund and export support for Indian startups align with the India-France Strategic Partnership, fostering enterprise creation and growth in security and defence sectors.
Binance’s India comeback; D2C brands spend big for q-commerce presence
Direct-to-consumer (D2C) brands are shelling out high commissions on sales for space on coveted quick-commerce platforms. This and more in today’s ETtech Morning Dispatch.
Elon Musk to meet spacetech founders in New Delhi
Tesla CEO Elon Musk confirmed his upcoming visit to India earlier this month, expressing anticipation for a meeting with Prime Minister Narendra Modi. Reports suggest a potential announcement of the company's investment plans in the country.
Want to export jet engines in future, says defence minister Rajnath Singh
Defence minister Rajnath Singh said that he has directed officials to look at all possible collaboration opportunities to make India self-reliant. He referred to the engine manufacturing agreement between GE Aerospace and Hindustan Aeronautics for the GE 414 engine that will power future variants of the light combat aircraft (LCA).
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