Rajesh Singh also spoke about jet engine development to power next gen fighters, saying govt is finalising programme with leading international firm to co-develop 120KN jet engine.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
France and India have been in talks for a collaboration on AMCA engines since last year. Safran is in competition with the UK’s Rolls Royce and the American GE.
HAL is working on a twin-engine, multi-role, multi-mission chopper of about 13-tonne weightage, termed the Indian Multi-Role Helicopter (IMRH), with more endurance than Mi-17s.
The rupee’s fall to record lows amid rising energy-import costs and capital outflows is raising expectations that RBI Governor Sanjay Malhotra may be forced to abandon his pause and hike rates.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
COMMENTS