Business
India to produce own aircraft engines for Tejas as defence deals strengthened during PM Modi's US visit: Sitharaman
New Delhi, June 26
Union Finance Minister Nirmala Sitharaman on Sunday said that India will now be able to produce its own aircraft engines, specifically the F414 engines used in the Tejas Light Combat Aircraft.
Citing the several defence production deals signed during Prime Minister Narendra Modi's recent visit to the US, she said: "GE, the largest aeronautics company, has signed an agreement with HAL for the joint production of F414 aircraft engines. This joint venture will take place in India, with 80 per cent of the technology being transferred.
"I highlight this because HAL is often criticised by the Indian opposition, but now we can see that HAL is entering into this joint production agreement with GE."
Sitharaman also said that the HAL-made engines would be utilised in the indigenous Tejas aircraft, which is entirely produced in India.
She also mentioned that India is acquiring unmanned aerial vehicles (UAVs), specifically the sea guardian MQ-9B, which will greatly strengthen the armed forces.
She also said that with Master Ship Repair Agreements, India is set to become the largest center for ship repairs, as the US Navy has already reached an agreement with Karthupalli (near Chennai), Larsen and Toubro, and two other shipyards.
Furthermore, they are also working on agreements with Mazagon Docks in Mumbai and Goa Shipyards, she added.
25 minutes ago
Rahul, Priyanka target NDA over Pappu Yadav’s arrest, allege systemic collusion in NEET aspirant death case
27 minutes ago
Twinkle Khanna indulges in a gluttony contest with hubby Akshay Kumar
28 minutes ago
Sanya Malhotra promises to represent women more honestly as 'Mrs' clocks 1 year
28 minutes ago
Amitabh Bachchan calls India ‘first world’ after U-19 Men’s WC triumph
29 minutes ago
Priyanka Chopra celebrates brother Siddharth, Neelam Upadhyaya’s first wedding anniversary
30 minutes ago
Huma Qureshi has an ‘evening full of love’ with her ‘forever icon’ Rekha
30 minutes ago
Kareena Kapoor shares ‘LOC Kargil’ scene with Saif Ali Khan, says ‘Little did we know’
33 minutes ago
Rajinikanth, Kamal Haasan film's promo shoot to begin from Saturday
34 minutes ago
Margot Robbie’s skin influenced ‘Wuthering Heights’ set design
34 minutes ago
Sara Arjun: ‘Euphoria’ found me at a time when nothing felt certain
35 minutes ago
‘Ghooskhor Pandat’ row: FWICE writes to OTT platforms, asks producer to withdraw the title of Manoj Bajpayee-starrer film
49 minutes ago
US senators call for a probe into Elon Musk-led SpaceX for potential Chinese links
50 minutes ago
Indian markets rebound this week over India-US trade deal, RBI MPC decisions
