India Signs $100 Million Service Deal with Boeing

Seattle-based Boeing and India’s Navy signed a $100-million contract, that requires Boeing to maintain spare parts and personnel in India, ready to respond to any defects or failures in the P-8I fleet over the next three years. This ‘performance-based logistics’ contract requires Boeing to continue the warranty services it has so far provided under an initial production contract, which will expire in October.
Pratyush Kumar, president of Boeing India and vice president of Boeing International said, “With this contract, the Indian Navy can be assured of achieving exceptional operational capability and readiness of the P-8I fleet.”

The Business Standard says that India’s Naval pilots fly their P-8Is on eight-to-ten hour surveillance missions over the Bay of Bengal, the Arabian Sea and the Indian Ocean. Each P-8I carries seven tonnes of weaponry on board, including advanced Harpoon missiles and heavyweight torpedoes.

Harpoon2 by Boeing

Harpoon2 by Boeing

June 20, 2017   No Comments

India to Be 3rd Largest Buyer of Passenger Planes

With India set to buy 2.2 new airplanes for each of the 480 aircraft currently in service, it is poised to become the third-largest buyer of commercial passenger planes in the world. The U.S. and China are the only countries to have more pending aircraft orders says a report released by the Center for Asia Pacific Aviation, a Sydney-based aviation think tank.

Boeing predicts that India will need 1,850 new planes over the next two decades, and says that these orders will be worth $265 billion. CNN reports that  220 million Indians flew last year — an annual increase of 20% — and the country is on track to overtake the U.K. as the world’s third-largest aviation market by 2026.

However, there are challenges to this expansion: airlines can buckle under the pressure and become defunct; infrastructure such as airports and traffic control will need to gear up to match India’s aviation boom.

 

A plane in flight

June 9, 2017   No Comments

What Technology Innovations is India Working at?

In his article in Fortune on whether India can become an innovation hub for the world, journalist Ashish Gupta explores India’s capability in cutting-edge technology and disruptive innovation.

In his search for answers, Gupta talks to many stalwarts in the field of innovation: Vijay Govindarajan, Coxe Distinguished Professor at Dartmouth, Marvin Bower Fellow at Harvard Business School, Lakshmi Pratury, founder, host and curator of INK Talks, and Brock Pierce, serial entrepreneur, digital currency visionary, and chairman of the U.S.-based Bitcoin Foundation.

Bower tells him, “The time for incremental change is over; it is time for non-linear, breakthrough innovations, not just for solving the country’s [India’s] complex problems, but also for creating a far more equitable and inclusive society.” Pratury, says, it’s time for India to take some ‘exponential risks’.

Pierce identifies AI as the greatest innovation of our time, and says that perhaps it will define the future of Indian innovation. Sanjeev Tyagi, founder and head of research at Ericsson’s Bangalore research and development center, confirmed to Gupta that his team of researchers are at work on cloud computing, machine learning, and IoT where a group of passengers and a fleet of buses are part of a study that uses data, apply machine learning and machine intelligence to optimize bus routes. Ericsson and Intel are looking into the ability to scale computer/network/storage independently of each other. Tyagi adds that for the interconnected world of the future, we need to “create a system that uses machine learning and IoT for self-learning [learning from the past], self-healing [the ability to find solutions when something goes wrong], and self-organizing, so it can allow new devices to become a part of the system.”

Sriram Raghavan, director of IBM’s research center in Bangalore, says his team is working in the areas of IoT and cognitive computing, IoT and blockchain technology, AI and blockchain technology to create new applications and provide different services to global clients such as Bank of America Merrill Lynch, and Mahindra and Mahindra in India.

India’s HCL Technologies has developed two mission-critical systems for the new Boeing 787 Dreamliner: one to avoid collisions in the air, and another to facilitate landing in zero visibility.

Mumbai-based Tata Consulting Services is investing deeply in high-potential areas such as genomics; metagenomics; integrated computational materials engineering for building stronger, lighter metals; robotics and automation; as also in human-centric systems.

Fortune says: All these are applications of existing technology. Clearly, this is going to be how innovations happen in this country, where the technology may not be original, but the use of it is.

 

Innovation Poster

May 4, 2017   No Comments

Boeing Enhances Defense Engagement with India

Boeing announced the establishment of Boeing Defense India, a local operating entity that will support the company’s future growth objectives in the country in the areas of services and support, sales and marketing, sourcing, manufacturing, and engineering.
Pratyush Kumar, current president, Boeing India, will lead this new initiative which will expand its engagement with India’s Ministry of Defense to deliver advanced capability and readiness to India’s military customers and develop a competitive supplier base that is integrated into Boeing’s global supply chain, reports the Economic Times.
Boeing Airplane
“India is among the fastest growing economies in the world, and Boeing has made accelerated investments to grow the manufacturing, skill development and engineering scale in the country,” said Kumar. “Going forward, our strategy will be to continue leveraging India’s strengths to maximize growth and productivity for Boeing and help create a robust and self-sufficient aerospace ecosystem in the country.”

February 8, 2017   No Comments

India’s SpiceJet to Acquire 205 Boeing Aircraft

India’s Gurgaon-based budget airline SpiceJet has signed an agreement with Boeing to purchase 100 new Boeing 737 MAX 8s, 42 MAXs, 13 additional 737 MAXs as well as purchase rights for 50 additional planes.

India (as well as other countries in Asia), is an important market for aviation with analysts expecting passenger numbers to more than triple over the next 20 years as millions more people become wealthy enough to fly for the first time, reports Channel NewsAsia.

Interior of a SpiceJet carrier

The new aircraft will increase the range of SpiceJet’s flights by up to one hour, opening up many more destinations, including international ones, Ajay Singh, SpiceJet’s chairman, told reporters. Most Indian carriers have returned to profitability in recent years, due to lower fuel costs, but challenges remain in translating the surging demand into sustainable profits because of the competitive market and high running costs.

 

January 18, 2017   No Comments