Category Archives: Trade

HAL and SAAB sign technology transfer contract


Hindustan Aeronautics Limited’s (HAL’s) Avionics Division and Saab subsidiary Grintek Defence have signed a contract for transfer of technology (ToT) between South Africa and India.

The contract valued $8.5 million will see the ToT for in-country maintenance of Saab’s Integrated Defensive Aids Suite (IDAS) system in India. IDAS … Read More

Second Lockheed Martin T-50A Takes Flight in Greenville, South Carolina

MP17-0314-TX-1 First Flight_003_DM
Lockheed Martin Aeronautics Company, Marietta, Ga. Lockheed Martin Photography by Andrew McMurtrie

Two Lockheed Martin (NYSE: LMT) T-50A aircraft are now soaring together in the skies over Greenville, South Carolina. The inaugural Feb. 20 flight of the second production-ready T-50A from Lockheed Martin’s Advanced Pilot Training (APT) operations center in Greenville further demonstrates the company’s established, lowest-risk offering… Read More

2016 CFM orders surpass 2,600 engines

safron-Indian Bureaucracy

CFM International achieved near record orders in 2016, with the company booking a total of 2,677 engines, including 876 CFM56 engines (commercial, military and spares) and 1,801 LEAP engines (including commitments and spares).

2017 is already off to a good start, with more than 580 engine orders received in January.  At the same time, the LEAP engine has … Read More

Agreement between India & Croatia on Economic Cooperation

The Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman and the Deputy Prime Minister of Croatia, Ms. Martina Dalic signed an agreement on economic cooperation, in Zagreb, Croatia on February 14, 2017.

Agreement between the Government of the Republic of India and the Government of the Republic of Croatia on Economic Cooperation was signed by Commerce and Industry Minister Smt. Nirmala Sitharaman, Government of India and Ms. Martina Dalic, Deputy Prime Minister and Minister of the Economy, Government of the Republic of Croatia on 14th February, 2017 in … Read More

Boeing to showcase range of advanced capabilities at Aero India 2017


Boeing will showcase a broad range of aerospace capabilities at the upcoming Aero India 2017 show, to be held from February 14-18 at Air Force Station Yelahanka in Bengaluru. Boeing’s participation at the show will highlight its enduring defense and commercial footprint in India and demonstrate alignment with the ‘Make in India’ initiative.

Boeing’s… Read More

Surveillance aircraft to join IAF at Aero India-2017

Aero India-2017-indianBureaucracy

The indigenously equipped small surveillance plane, AEW&CS, will be inducted into the Air Force during the first day of Aero India-2017.

DRDO chairman and Defence R&D secretary S. Christopher said on Saturday that the aircraft, built on the platform of the Brazilian Embraer plane, has achieved the initial operational certification. The radar … Read More

FICCI comments on IIP Data of November 2016


The IIP data announced today which shows an upsurge in manufacturing in the month of November’16 is in line with FICCI Manufacturing Survey which had projected better outlook for manufacturing in the said time period. It is heartening to note that the growth is broad based & signals a positive jump in the manufacturing production, said Mr. Pankaj Patel,… Read More

FICCI comments on advance estimates of GDP


The advance estimates for GDP as well as GVA growth for FY17 released today are in line with the estimates of the RBI, pointing towards slow growth ” said Mr. Pankaj Patel, President, FICCI. “The data on gross fixed capital formation corroborates the weakness in investment activity. We hope that the recent cut in lending rates by banks and the impetus given… Read More

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi


FICCI is leading a high-level Business Delegation accompanying Mr. Piyush Goyal, Minister of Power, Coal, New & Renewable Energy & Mines to the World Future Energy Summit at Abu Dhabi during 15-18 January 2017. As a part of the Minister’s visit to participate in 7th International Renewable Energy Agency (IRENA) Assembly Meeting and the World… Read More

India received largest FDIs from Singapore in Fiscal 2015-16

India received largest FDIs from Singapore in Fiscal 2015-16

India received the maximum FDI inflows from Singapore in fiscal 2015-16 followed by Mauritius, USA, Netherlands and Japan, respectively US $ 13.69 billion, 8.35 billion, 4.19 billion, 2.64 billion and 2.61 billion, according to a report on Foreign Direct Investment in India jointly prepared by PHD Chamber of Commerce and Industry and KPMG.

The report which… Read More

FICCI comments on WPI data – Dec 2016


“Latest data released for the month of December 2016 reports wholesale based inflation rate edging up marginally on the back of increase in prices of fuel & power and manufactured products segments. However, food prices continue to remain on a downtrend having a salutary impact on the overall inflation rate. In particular, prices of vegetable, fruits… Read More