Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...
Part II of this series shines the spotlight on India's audacious deeptech builders - startups engineering the country's future by tackling challenges too complex for conventional innovation
The fund is focused on aerospace & defence, along with allied areas such as space and communications, says Kapoor
Domestic brokerage Motilal Oswal noted that Bharat Dynamics delivered a 30 per cent Y-o-Y growth in execution during Q1FY26, aided by a strong order book and easing supply chain challenges.
Elevation Capital leads funding as Jeh scales operations in India and the US, targeting aerospace supply chains with software-driven precision and automation
Artemis signup allows Isro and the fast-growing Indian aerospace sector to bid for Nasa tenders and the famously frugal Indian engineering sector could find opportunities there and pick up new skills
Godrej Enterprises Group's aerospace business has inked a pact with aircraft engines maker Pratt & Whitney for aerospace parts manufacturing. The contract will significantly expand the company's offerings in aircraft engine applications, both in terms of technology and production volumes, it said. The mandate reinforces Godrej's commitment to advancing India's aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine Original Equipment Manufacturers (OEMs), Godrej Enterprises Group said. Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. "By leveraging our advanced infrastructure, deep expertise, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain," said Maneck Behramkamdin,
Space tech startup will use capital for developing autonomous reusable re-entry vehicles
The forecast estimates the industry will require 660,000 pilots, 710,000 maintenance technicians, and 1,000,000 cabin crew members by 2044.
Karnataka withdrew plans to acquire 1,777 acres of farmland in Devanahalli for an aerospace park; Andhra minister Nara Lokesh offers industry to consider state's ready land, policy incentives
Astronaut Shubhanshu Shukla and three others of the commercial Axiom-4 mission on Monday embarked on a journey back to Earth as their Dragon Grace spacecraft undocked from the International Space Stat
Raymond's ₹1,200 crore investment in Andhra targets garments, auto parts, and aerospace as part of the state's new industrial drive alongside ₹28,546 crore in SIPB approvals
Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, ...
Drone manufacturer Garuda Aerospace has established an Agri-Drone Indigenisation facility near the city to design and manufacture advanced Unmanned Aerial Systems among many others, a top official said on Friday. The facility, a first-of-its-kind initiative, augments Garuda Aerospace's existing manufacturing unit located near Chennai and a major leap in advancing drone manufacturing. The products that would be produced at the facility include 7 subsystems (of Unmanned Aerial Systems), 33 parts among others. The production would be covered under the Centre's ambitious 'Atmanirbhar Bharat' campaign. Spread across 35,000 sq ft at Thalambur, near the city, the state-of-the-art facility was inaugurated by Union Minister of State for Rural Development Kamlesh Paswan on Thursday. Garuda Aerospace also launched 300 Centres of Excellence, established in association with various educational institutions and industry partners across the country. It would advance drone innovation, research and
Indian astronaut Shubhanshu Shukla's historic space mission to the ISS has been postponed to June 10. Here's what the Axiom-4 mission is about and why it matters for India's space journey.
Shares of Sika Interplant Systems (SIKA) zoomed 20 per cent to hit a new high of ₹1,125.30 on the BSE in Wednesday's intra-day trade amid heavy volumes
Sansera Engineering secures a ₹160 crore contract from Airbus Defence and Space to supply airborne Intensive Care Transport Modules, marking a breakthrough in Indian aerospace
Trump's trade war has created the biggest uncertainty for the aerospace industry since the COVID pandemic. It has also led to a breakdown in the industry's decades-old duty-free status
Now a team of researchers is offering what it contends is the strongest indication yet of extraterrestrial life, not in our solar system but on a massive planet, known as K2-18b
Ace cricketer Mahindra Singh Dhoni-backed aerospace startup Garuda Aerospace on Wednesday said it has raised Rs 100 crore in its series B funding round from Venture Catalysts. The fresh funds, raised at a valuation of USD 250 million, will significantly enhance the company's capabilities in producing drone systems, Garuda Aerospace said. The funds will also be allocated to scaling up the platform's current production facility and fast-tracking the completion of an R&D and testing centre dedicated to advanced defense drone design, it said. "This series B funding not only strengthens our capacity to scale manufacturing and innovation but also positions us to accelerate the development of next-generation drone technology," said Agnkshwar Jayaprakash, Founder and CEO of Garuda Aerospace. This development not only strengthens Garuda Aerospace's position in the Indian aerospace ecosystem but also aligns with the nation's broader vision of achieving self-reliance in high-tech defense ...