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What Make in India? MoD penalises Tata Power for using indigenous parts

Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part

Ajai Shukla 

The Prime Minister’s Office (PMO) and ministry of defence (MoD) claim indigenisation – or replacing foreign-procured equipment with kit built in India – is a key priority. Yet, an Indian company that indigenised components faces heavy financial losses after the MoD blocked its payments.   Tata Power (Strategic Engineering Division), one of India’s most capable defence electronics innovators, beat out global competition in 2011 to bag a Rs 1,219 crore contract to modernise 30 Indian Air Force (IAF) and one Indian Navy airfields. But now, even as Tata Power ...

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What Make in India? MoD penalises Tata Power for using indigenous parts

Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part

Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part The Prime Minister’s Office (PMO) and ministry of defence (MoD) claim indigenisation – or replacing foreign-procured equipment with kit built in India – is a key priority. Yet, an Indian company that indigenised components faces heavy financial losses after the MoD blocked its payments.   Tata Power (Strategic Engineering Division), one of India’s most capable defence electronics innovators, beat out global competition in 2011 to bag a Rs 1,219 crore contract to modernise 30 Indian Air Force (IAF) and one Indian Navy airfields. But now, even as Tata Power ... image
Business Standard
177 22

What Make in India? MoD penalises Tata Power for using indigenous parts

Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part

The Prime Minister’s Office (PMO) and ministry of defence (MoD) claim indigenisation – or replacing foreign-procured equipment with kit built in India – is a key priority. Yet, an Indian company that indigenised components faces heavy financial losses after the MoD blocked its payments.   Tata Power (Strategic Engineering Division), one of India’s most capable defence electronics innovators, beat out global competition in 2011 to bag a Rs 1,219 crore contract to modernise 30 Indian Air Force (IAF) and one Indian Navy airfields. But now, even as Tata Power ...

image
Business Standard
177 22