The Ministry of Defence (MoD) on Thursday announced it had, for the first time, entrusted a private firm - Tata Advanced Systems (TASL) - to manufacture an entire aircraft for the military
TASL's executives explain that the company's expertise lies in setting up production facilities in quick time, with mature processes for transferring work packages from global customers
While the order for 450 PSAs has gone to Tata Advanced Systems, the remaining 50 will be put up by Trident Pneumatics
Sale will garner enterprise value of Rs 1,076 cr as upfront payment; was completed as per a 'Scheme of Arrangement' approved by NCLT
Indian aerospace and defence firms believe that uninterrupted and timely supply remains critical for their credibility
Under this agreement TASL and Bell Helicopter will join forces to develop both commercial and government (including military) rotary wing markets in India