Search Result for : Aerospace Industry

The Dollar Business Bureau Boeing, a leading player in the global aerospace industry, launched the Boeing India Engineering & Technology Centre in Bengaluru on 24-01-2017. The company mentioned that the new undertaking shall boost local employment and support many of its operations such as information technology and data analytics, engineering, research and technology. The precise employment projections and investment figures haven't been disclosed. "The centre will leverage a talented pool of employees to increase productivity and long-term competitiveness to support Boeings engineering growth in strong global markets like India," Boeing India president Pratyush Kumar said. In India we see a true path towards a mutual partnership for success, and the launch of this centre is a major step in that direction, he added. In India, Boeing has had a presence ...

The Dollar Business Bureau Defence Minister Manohar Parrikar has set a target of raising India’s defence exports to $2 billion in the coming two years. He said this during the Aerospace and Defence Summit held by Automotive Component Manufacturers Association of India in New Delhi. Indian defence exports have almost doubled from around $140- $150 million to reach $330 million at present. The government’s push in exports has shown good results. The Defence Minister has set a target to touch $2 billion defence exports in the next two years. The target is not impossible to reach as defence offsets are in the area from where exports as well as expertise can come to the country, the minister said. Parrikar said that the ‘Make ...

Source: PTI With India embarking on a massive defence modernisation programme, Prime Minister Narendra Modi has invited corporate leaders of America's defence sector to manufacture in India. “In the defence sector Prime Minister has been saying from the very beginning that our first top priority is that defence manufacturing should be make in India,” External Affairs Ministry spokesperson Vikas Swarup told reporters at a news conference in New York. This is the message the Prime Minister conveyed to the Lockheed Martin Chairman Marillyn Hewson and other corporate leaders when he met them in various formats on Thursday. “We told them, India offers a huge market for you. India has all necessary facilities for manufacturing. There is a capable work force. We are ...

Prof. A.K. Sen Gupta | The Dollar Business   Last year saw the beginning of new bilateral trade ties between India and Russia, fuelled by India’s growing interest to push exports and a host of economic woes in Russia, and which resulted in the two countries aiming to triple bilateral trade to around $30 billion in coming years.Indian Prime Minister Narendra Modi and Russian President Vladimir Putin held talks at the 15th Annual India- Russia Summit in New Delhi in December 2014 to further boost cooperation between the two strategic partners. Both the countries sought to outline a joint vision of their ties and also ink major agreements in the field of energy, defence and trade. The two countries discussed issues related to ...