As China boosts overseas investment through Belt & Road Initiative, it’s dictating both the terms of financing and a broader set of technological applications.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
India should join both RCEP and TPP. Deeper economic integration with the rest of the world, especially China, is in our long term interest. The FTA with EU is also long delayed.
India should join both RCEP and TPP. Deeper economic integration with the rest of the world, especially China, is in our long term interest. The FTA with EU is also long delayed.