Embraer and Mahindra will engage with the Indian Air Force to identify the next steps of the MTA program, as well as contact the local aerospace industry in India to start developing the industrialisation plan for the project.
According to Mahindra, the auto industry is poised for a very strong rebound because it has been buffeted by a number of factors over the last 2-3 years.
CEO Anish Shah is setting out a road map to revive Mahindra Group, a 76-yr-old conglomerate that is exiting money-losing businesses & writing down almost all losses in a restructuring.
The increase in sales point to some sign of life in rural India, and could be an encouraging sign for PM Narendra Modi as the govt prises the economy open again.
Industrialist says Mahindra Group will get its manufacturing units to make ventilators, amid fears that India could be in ‘Stage 3’ of coronavirus spread.
Despite a public power struggle in the USIBC, the Indian side remains in touch with the council, as the split is expected to have limited impact on trade.
MANU PUBBY
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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