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The Tamil Nadu government on Monday signed two separate Memoranda of Understanding (MoUs) with Japanese electronics major MinebeaMitsumi and Bengaluru-based Aequs Group, involving a combined investment of Rs 5,980 crore. The agreements, signed in the presence of Chief Minister M K Stalin at the Secretariat, here, are expected to generate employment for 8,400 people across the semiconductor and aerospace sectors, an official release said. NMB Minebea India Private Limited, a subsidiary of Japan's MinebeaMitsumi, has committed an investment of Rs 1,980 crore to establish a manufacturing and research and development centre in Tiruvallur district. The facility, to be located at the Mahindra Origins Industrial Park, will focus on a complete manufacturing ecosystem for high-value semiconductors, including Insulated-Gate Bipolar Transistors (IGBT) and Integrated Circuits (IC), as well as motors and sensors. This project is slated to create 1,400 jobs, with more than 40 per cent of the role
Diversified group Bharat Forge on Friday said its aerospace division has secured contracts worth approximately Rs 300 crore to supply drones. These contracts for the Indian Army and Navy cover a range of indigenous unmanned systems, including Intelligence, Surveillance, and Reconnaissance (ISR) platforms and loitering munitions, Bharat Forge Ltd. said. The drone platforms -- Omega One, Omega Nine, Bayonet, and Cleaver -- are developed for India to meet urgent operational requirements across diverse terrains and mission profiles, it added. The company said its unmanned (vehicle) portfolio is evolving rapidly, with advanced autonomy, artificial intelligence, and data-driven decision-making progressively integrated across platforms. These enhancements boost mission endurance, precision, survivability, and adaptability in contested and dynamic operational environments, it said. "This dual achievement, securing EP-VI contracts and showcasing Omega One on Army Day, reaffirms BFL's ...
India's aerospace, drones and space tech industry is likely to expand more than five-fold to USD 44 billion by 2033, and is expected to create over 2 lakh new jobs for engineers, researchers, data scientists, among others, a report said on Friday. According to a report by workforce solutions provider Adecco India, the aerospace, drones, and space tech industry is rapidly evolving from a research-driven domain into a full-fledged industry, driven by government reforms, private-sector participation, and international collaborations. The country's drone and space-tech industry is expected to create over 2 lakh new jobs for engineers, researchers, data scientists, and business professionals, among others, the report added. Additionally, new-age roles such as Space Policy Analysts, Robotics Engineers, Avionics Specialists, and GNC (Guidance, Navigation and Control) experts are emerging as critical to India's space ambitions, it stated. The insights and numbers presented in the report ar