If successful, FPO is expected to not only increase company’s competitiveness & slow its ongoing loss of market share, but also to significantly reduce risk of a duopoly in the industry.
Prime Minister Narendra Modi’s re-election bid has turned out to be tougher than earlier estimated, with investors turning cautious in the run up to the outcome.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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