Showing posts with label Adani Group. Show all posts
Showing posts with label Adani Group. Show all posts

09 September 2017

News Story: Russia Pitches MiG-35 to India as FGFA Project Falters

MiG-35 (Image: Wiki Commons)
by Neelam Mathews

As the contest to supply a new fighter aircraft to the Indian Air Force (IAF) heats up, the MiG-35 has emerged as a viable candidate. India is supposedly seeking about 220 single-engine fighters to replace 11 squadrons of MiG-21/27s that entered service in the 1990s.

Rosoboronexport is believed to have offered a licensed production deal for the twin-engine MiG-35 that would compensate for the IAF’s reluctance to proceed with the Indo-Russian Fifth Generation Fighter Aircraft (FGFA) project.

At the MAKS 2017 airshow in July, Ilya Tarasenko, director general of Russian Aircraft Corporation MiG, said: “We are actively working with the IAF in order to win the tender.” Russia has committed to a 40-year maintenance and upgrade contract to preclude the support issues that have arisen in the past with Russian aircraft in service with the IAF. Meanwhile, also at MAKS, Sergei Chemezov, CEO of the Rostec State Corporation, told reporters that a decision on the design and development of the FGFA would be made in the “nearest future.” He did not provide a timeline for the project, a version of Russia’s Sukhoi T-50, which has been under discussion between the two countries for the past decade.

According to an Indian defense official, “The MiG-35 is 25 percent cheaper [than rival candidates for the IAF requirement]; has an AESA radar; has commonality with the fleet; and being in the light to medium category enables it to land in the same airfields that the [indigenous] Light Combat Aircraft does. If the FGFA does not go through, Russia will have to be compensated, and this is the only contract left at the moment.” 

Read the full story at AINonline

02 September 2017

News Story: Saab, Adani Group forge partnership for India’s single-engine fighter

JAS-39 Gripen (Image: Wiki Commons)
By: Vivek Raghuvanshi 

NEW DELHI — Saab of Sweden and Indian infrastructure conglomerate Adani Group have forged a partnership to build Gripen E aircraft and work on other aerospace programs in the Asian country.

The Sept. 1 announcement means India’s single-engine fighter aircraft competition worth $12 billion is now shortlisted between the Saab-Adani partnership and Lockheed Martin of the U.S. in a tie-up with India’s Tata Advanced Systems Limited.

”The intended collaboration would encompass design, development and production of Gripen for India and other high-tech products of national importance for India and also the creation of joint ventures in India in line with and in support of the Make In India policy,” according to a Saab news release.

Lockheed Martin is pitching its F-16 Block 70 aircraft, whereas Saab is fielding the upgraded Gripen E in response to the expression of interest sent to select aerospace companies through foreign Indian embassies in November 2016.

“Our plans in India are to create a new defense eco-system that would involve many partners, vendors and suppliers. To achieve this, we need a strong Indian partner who can help create the framework for the infrastructure and eco-system to come into place,” said HÃ¥kan Buskhe, CEO and president of Saab.

The president of Adani group, Gautam Adani, said: “We are proud of our enduring relationship with Saab and look forward to partnering in major projects such as Gripen. Our various collaborations in aerospace and defence sectors will help establish new production lines in India, generate employment and build sustainable skills.”

Read the full story at DefenseNews

27 May 2017

News Report: Indian Experts Say Russian Defense Firms Have Advantage in Make in India Scheme

The Narendra Modi government’s decision to take the strategic partnership policy route with foreign companies to promote Make in India initiative in defense manufacturing will be to the advantage of Russian companies which already have solid ties in the sector, said experts.

New Delhi (Sputnik) — Unveiling the policy, India’s Defence Minister Arun Jaitley, who also holds the finance portfolio, categorically said the policy is aimed at “encouraging Make in India in relation to defense manufacturing.” The policy will allow Indian private sector companies to form joint ventures with global defense firms.

“The capacity building of the private sector in defense manufacturing will begin now,” PTI quoted Jaitley as saying after the Cabinet meeting.

Experts agreed the new policy will be contrary to the government’s attempts to build a military-industrial complex to boost job creation and spur innovation.

17 February 2017

News Report: Indian Manufacturers Join Race to Cooperate With Foreign Defense Companies

SAAB Gripen Fighter Aircraft
The Indian government’s inviting proposals for single-engine fighter jets with a focus on pushing defense manufacturing in the country opens a potential business opportunity for local firms to partner with foreign defense manufacturers.

New Delhi (Sputnik) — Prime Minister Narendra Modi's 'Make in India' push is beginning to yield results with many Indian conglomerates exploring the possibilities of joint venture with major defense manufacturers from abroad. The latest Indian firm to join the race is industrialist Gautam Adani-led Adani Group, which reportedly is in talks with Sweden's Saab AB for a partnership.

The Swedish firm makes Gripen fighter jets, which reportedly is in the race for India's next multi-billion fighter jet order. The other is Lockheed Martin Corp. of the US, which makes the F-16 jets. Saab has promised to build the fighter jets locally if it wins the order. The Swedish firm participated at the Aero India 2017 air show in Bengaluru.