ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Residential demand upbeat despite construction cost, interest rate rise; brokerage picks DLF, Oberoi Realty among top 4 bets
  • Copper Set to Post Worst Quarterly Performance in Over 2 Years
  • Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
  • Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more
  • Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date
Read in App
Business News » India News

Aero India 2019: Defence minister Nirmala Sitharaman invites investors in aero space, other sectors

The five-day mega event began on a sombre note, a day after two aircraft of Surya Kiran, Indian Air Force (IAF)'s aerobatics team, collided mid air, killing a pilot and injuring two others who ejected to safety. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Aero India 2019: Defence minister Nirmala Sitharaman invites investors in aero space, other sectors
The biennial event, which would showcase India's air defence prowess, would also act as a platform for aviation companies, the defence sector and government to forge new alliances and contracts. Aero India 2019 Twitter handle

Defence minister Nirmala Sitharaman Wednesday invited investors to capitalise on the ecosystem in aero space and other sectors in India which offered a big market for Defence manufacturing. In her inaugural remarks at the Aero India 2019, the 12th edition of Asia's premier air show at the Yelahanka air base here, Sitharaman made a strong pitch for 'Make in India" and referred to a slew of initiatives taken by the government, including permitting 100 per cent Foreign Direct Investment (FDI) in Defence manufacturing.

Explaining the possibilities in the aero space and defence sectors, she said the Original Equipment Manufacturers (OEM)s could find joint venture partners so that the production could be scaled up and they could have a captive market and could export from India.

She also noted that during the last four years and the current financial year, 150 contracts worth about Rs 1,27,500 crores have been signed with the Indian vendors for procurement of defence equipment for the armed forces.

The five-day mega event began on a sombre note, a day after two aircraft of Surya Kiran, Indian Air Force (IAF)'s aerobatics team, collided mid air, killing a pilot and injuring two others who ejected to safety.

The biennial event, which would showcase India's air defence prowess, would also act as a platform for aviation companies, the defence sector and government to forge new alliances and contracts.

The current edition of Aero India was marked by controversy with reports about it being shifted to Uttar Pradesh, which had taken a political colour, as the Congress-JD(S)led government in the state had hit out at the BJP led Centre against the alleged move.

Besides the Tejas, the HTT-40 (Basic Trainer Aircraft), first indigenously upgraded Hawk Mk132- named as Hawk-i, Civil Do-228, Advanced Light Helicopter (Rudra), Light Utility Helicopter (LUH),Light Combat Helicopter (LCH) are scheduled to fly in the air show.

Also, aerobatic teams like India's Sarang (ALH-Dhruv) and UK-based Yakovlevs are expected to enthrall the audience.

Watch This Zee Business Video

On static display would be HAL's Light Utility Helicopter (PT-1), Light Combat Helicopter (TD-2), Advanced Light Helicopter (Rudra) and ALH MICU (Medical Intensive CareUnit). The Sukhoi SU-30, Rafale, F-16 Fighting Falcon, F/A-18 Super Hornet and the mighty B-52 Stratofortress bomber would be part of the air show.

The Aero India official website said a total of 61 aircraft would be on display and 403 exhibitors would be part of the show. CEO's round table, drone Olympics, startup manthan and women's day (to celebrate women achievers) are some of the highlights of Aero India-2019. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Aero India 2019
Written By: PTI
Updated: Wed, Feb 20, 2019
10:56 am
Bengaluru, PTI
RELATED NEWS
Aero India 2019 concludes on a high, 50 pacts signed Aero India 2019 concludes on a high, 50 pacts signed
Aero India to celebrate 'Women's Day' on saturday Aero India to celebrate 'Women's Day' on saturday
Aero India 2019: Poeir Jets launches heavy lift hybrid drones Aero India 2019: Poeir Jets launches heavy lift hybrid drones
Lockheed Martin + Tata Advanced System tie-up gives wings to Make in India; Watch F-21 in action Lockheed Martin + Tata Advanced System tie-up gives wings to Make in India; Watch F-21 in action
Aero India Show 2019: Seeking partnerships to make aircraft in India, says Suresh Prabhu Aero India Show 2019: Seeking partnerships to make aircraft in India, says Suresh Prabhu

LATEST NEWS

Retail inflation for industrial workers rises to 6.97% in May

Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date

Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy

PAN-Aadhaar Link: Don't know if your PAN linked with Aadhaar? Check steps here now or else pay double penalty from July 1

Monsoon session of Parliament to begin on July 18; to end on August 12

Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more

Indian Bank raises MCLR rates by 0.15 pc across tenors

Gold Price Today: Yellow metal set for worst quarter in five years as dollar gains strength – check gold price in your city

Residential demand upbeat despite rise in construction cost, interest rate, says brokerage; picks DLF, Oberoi Realty among top 4 bets

Copper Set to Post Worst Quarterly Performance in Over 2 Years

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV