India to Issue RFPs for 100 Microlight Aircraft

India will issue request for proposals for 100 microlight aircraft which are used to train air wing cadets of its National Cadet Corps. The Defense Acquisition Council meeting headed by defense minister Manohar Parrikar made a decision to issue the RFPs, reports Defense World. The National Cadet Corps is an organization that recruits cadets from [...]

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July 19, 2015   No Comments

India’s Defense Acquisition Council Approves P-8I Maritime Patrol Aircraft

  The Indian Defense Acquisition Council has approved 4 additional Boeing P-8I long-range maritime patrol aircraft for $762 million for the Indian Navy. This order supplements the existing fleet of  8 such aircraft, reports Defense World. A variant of the Poseidon operated by the U.S. Navy, the P-8I is designed to protect the vast coastline [...]

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July 19, 2015   No Comments

Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal

India’s $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China‘s Trina Solar has unveiled plans for a $500 million plant. [...]

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July 19, 2015   No Comments

India: Fourth Largest Hub for Startups

According to the Ministry of Finance’s Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country’s technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB International. IMRB says this is [...]

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July 19, 2015   No Comments

America’s Jeep Returns to India with $280 Million Investment

Fiat Chrysler Automobiles announced that it will invest approximately $280 million in its manufacturing joint venture, Fiat India Automobiles, with Tata Motors. The manufacturing facility in Ranjangaon, located around 31 miles (50 km) from Pune in the western state of Maharashtra, will support the production of a new Jeep vehicle. Production is expected to begin in the [...]

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July 9, 2015   No Comments