New Delhi: India’s defence public sector undertaking BEML Limited has bagged export orders from central African nation Cameroon and neighbour Bangladesh under Lines of Credit extended by the Indian government to buy construction equipment. BEML Limited is a ‘Schedule A’ company under India’s Ministry of Defence (MoD) and […]
New Delhi: India‘s national helicopter carrier Pawan Hans Limited is said to be in talks with the nation’s navy to lease its utility choppers, urgently required by the defence force to plug a critical operational capabilities gap. Pawan Hans looks to cash in on the delays faced by […]
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 […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
New Delhi: India’s Narendra Modi government can take a leaf out of former British Prime Minister Margaret Thatcher and the privatisation of companies like defence major BAE Systems to carry forward its disinvestment plans for state-owned companies that are profitable. The Economic Survey 2020-21, presented to the Parliament […]
New Delhi: India’s Narendra Modi government has taken the significant step towards strategic disinvestment from the national carrier Air India by issuing the Preliminary Information Memorandum (PIM). Minister of State for Civil Aviation Hardeep Singh Puri said at a press conference here today that the newly constituted Air […]
New Delhi: India’s civil aviation sector is expected to show robust growth with the government planning an investment of $3.5 billion in improving airport infrastructure across the country, even as the aircraft fleet is poised to soon be 2,000-strong. At an event here yesterday to mark the curtain […]
New Delhi: India’s largest workers union, Bharatiya Mazdoor Sangh (Hindi, translates to Indian Labour Union), today said it will protest Jan. 3 the proposed corporatisation and disinvestment of the defence Public Sector Undertakings (PSUs) and state-owned industries, and has called for a stop to Foreign Direct Investments (FDIs). […]
