New Delhi: India has removed restrictions to do defence business on Italian arms major Leonardo S. p. A., but with riders including the company not making any financial claims over past deals. India had barred Leonardo in its earlier avatar as Finmeccanica in early 2014, even before Narendra […]
By N. C. Bipindra New Delhi: In a significant business opportunity for local companies in the beginning of a new year, India today approved the $6.5-billion locally-made combat jets procurement for the air force, boosting the aerospace and defence industry that has been fighting hard against COVID-induced negative […]
By Ayaskant Das New Delhi: The Narendra Modi government’s decision to offload up to 15 per cent of its share in Hindustan Aeronautics Limited (HAL) has met with opposition from employees of India’s lone, state-run aircraft manufacturer. But industry veterans feel a gradual disinvestment of the nation’s aerospace […]
