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.
58 minutes ago
Mrunal Thakur says love for whom she can cross all limits and boundaries is ‘incoming’
2 hours ago
Iranian Foreign Minister says Tehran seeks 'conclusive, lasting' end to war
5 hours ago
Israeli army strikes key military sites across Tehran
7 hours ago
Hindus urge England’s Minack Theatre to drop culturally insensitive opera Lakmé
7 hours ago
Rajinikanth drops big update on Jailer 2!
7 hours ago
Jackie Shroff pays tribute to Parveen Babi on her 72nd birth anniversary
7 hours ago
Rajkummar Rao on ‘Toaster’: Special for me as it marks our first film under our production house
7 hours ago
Sonali Raut claims scabies, unhygienic conditions in notice to ‘Bigg Boss Marathi 6’ makers
7 hours ago
Madhuri Dixit flaunts Odisha weaves, calls them ‘stories woven with love’
7 hours ago
On Manoj Kumar’s death anniversary, Jackie Shroff remembers ‘Bharat Kumar’
7 hours ago
'Iranians playing smart chess game', 'Trump living in fantasy land': Former diplomat K.P. Fabian
7 hours ago
‘Factually incorrect’: Govt slams reports of Iran oil cargo diversion
7 hours ago
India came through global disruptions solidly: EAM Jaishankar
