"Believer - Humanitarian - Habit of Success" Sukumar Balakrishnan is the Founder of JB GROUP, a 500 Crore National Organization with over 150 Direct & 1200 indirect professionals operating from 5 major cities in India. Jayalakshmi Balakrishnan Group, a multi-faceted group venturing into, E- Commerce and Import-Export (INNOKAIZ), Retail and Wholesale (JB MART), Food and Beverages (KRISHNA FOODS ), Real Estate (Constructions on sites, Interior scaping, Facility Management)
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Thursday, February 16, 2017
Global aerospace firms use tie-ups to tap India market
Bengaluru: The Indian aerospace and defence (A&D) sector has become a focus market as several global aerospace and defence companies have partnered with local Indian companies to expand, manufacture locally and encourage the Government's Make in India initiative. Mr Joseph Weiss, President, Israel Aerospace Industries (IAI) Ltd, has stated that his company is developing the medium-range surface-to-air missile with the Defence Research and Development Organisation (DRDO) and it has been expanding business in the country. IAI also has joint venture agreements with other local aerospace companies like Kalyani Strategic Systems, Tata Advanced Material, Bengaluru-based Alpha Design, and Dynamatics Technologies to manufacture products for India. Mr Tom Bell, Senior Vice-President, Boeing Defense, has stated that the US and Indian defence industries are poised to work collaboratively, to position India as a major defence partner of the United States. French aircraft manufacturer Airbus plans to establish a Centre of Excellence for aerospace skill development in Hyderabad. Defence and security company Saab too has offered a fighter sensor package for the homegrown Tejas LCA Mk1A fighter aircraft.
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