Airbus to have Indian manufacturing base within next 3-4 years

September 10th, 2009 NEW DELHI - An Indian Air Force (IAF) MiG-21 fighter crashed at Bathinda air base in Punjab Thursday, killing its pilot, an official said. The aircraft apparently lost power while taking off from Bathinda air base but the pilot could not eject in time, the official added.

September 9th, 2009 NEW DELHI - Air Marshal N.A.K. Browne, who heads the Indian Air Force's (IAF) western command, Wednesday visited the Chandigarh air force station to review the operational and training preparedness, officials said.

July 21st, 2009 NEW DELHI - Despite high interest cost and falling exports, India's manufacturing sector will recover in the second quarter this fiscal, says a report by the Federation of Indian Chambers of Commerce and Industry (FICCI). "Indian manufacturing sector is likely to witness more than a moderate growth with eight out of the 10 sectors surveyed reporting not only positive but also high growth for July-September 2009 vis-a-vis same quarter last year," said the FICCI report.

July 9th, 2009 NEW DELHI - State-run steelmaker Steel Authority of India Ltd (SAIL) Thursday announced its SAIL HR Excellence Awards for seven Indian manufacturing firms including Tata Motors and Jindal Steel. The SAIL has instituted the award to commemorate its 50th year of production.

June 11th, 2009 NEW DELHI - The government is committed to reviving the manufacturing sector and generating employment as well as resuming the stalled global trade talks, Commerce and Industry Minister Anand Sharma said here Thursday. We need to encourage the manufacturing sector and industrial activities for providing more employment in the country, he told industrialists at an interaction organised by the Confederation of Indian Industry (CII).

June 11th, 2009 NEW DELHI - The Associated Chambers of Commerce and Industry (Assocham) Wednesday called on the government to bring down tax on household purchases to less than 20 percent from over 45 percent now to spur domestic demand. "Although the annual income of an average Indian is growing significantly, it is not resulting in increased savings because the government takes away over 45 percent on household purchases in terms of indirect taxes alone," Assocham president Sajjan Jindal said in a statement.

May 3rd, 2009 NEW DELHI - Hoping for a revival of passenger demand, Nordic carrier Finnair has decided to restart its Mumbai operations from October even as it has inducted a new fleet of Airbus aircraft to operate on the Delhi-Helsinki-New York sector. The carrier had to recently cut back on its Mumbai-Helsinki operations due to a host of reasons, including the retirement of old aircraft and a general decline in passenger demand, said Kari Stolbow, director for the Indian subcontinent.

April 9th, 2009 NEW DELHI - India's defence offsets policy that mandates the reinvestment in the country of a percentage of all big ticket deals is expected to bring in $10 billion by 2011, says a new study. The study by the Associated Chambers of Commerce and Industry of India (Assocham) and Ernst & Young says that as India has a large industrial base, offsets will further develop its technical and manufacturing potential and will also help increase investments in domestic R&D.

March 25th, 2009 NEW DELHI - European aircraft manufacturer Airbus Industrie has once again initiated talks with India's flagship carrier Air India to sell its jumbo A-380 aircraft, a senior company official said Tuesday. 'Yes, we are in talks with Air India for our A-380 aircraft,' Srinivasan Dwarkanath, head of international cooperation, India and East Asia at Airbus, told IANS on the sidelines of a press meet here.

March 25th, 2009 NEW DELHI - Denying reports that the company was in talks with budget carrier SpiceJet for a possible merger, low-cost operator GoAir Wednesday said its expansion plan was on track despite bad market sentiments. 'We are not looking at any kind of consolidation or merger with SpiceJet or any other airline.

March 24th, 2009 NEW DELHI - The launch of Nano, the world's cheapest car from Tata Motors, enhances India's position as a small car manufacturing hub and can potentially expand the domestic car market, according to integrated research house Crisil Research. According to Crisil Research head Sachin Mathur, Nano - with an on-road price estimated at Rs.120,000 ($2,400) - has 'further highlighted the capabilities of a low cost automotive manufacturing ecosystem in India'.

February 17th, 2009 COLOMBO/NEW DELHI - A Sri Lankan aircraft maintenance firm has bagged the contract to conduct sophisticated checks on aircraft of Indian budget carrier IndiGo in what experts believe could trigger similar moves by other carriers in the subcontinent. IndiGo said Wednesday it has awarded an aircraft maintenance contract for 'C' checks to SriLankan Engineering, the aircraft maintenance arm of the country's national carrier SriLankan Airlines.

February 10th, 2009 NEW DELHI - Bucking the trend of Indian carriers, including budget airlines, withdrawing promotional fares and hiking base tariff, low-cost carrier JetLite Wednesday introduced a promotional base fare of Re.1. The new base fare has been offered even on premier sectors like Delhi-Mumbai, Delhi- Hyderabad, and Mumbai-Chennai routes.

February 7th, 2009 NEW DELHI - A leading industry lobby, the Confederation of Indian Industries (CII) Sunday said it favoured further cuts in interest rates to stimulate demand and help arrest slowdown in the manufacturing sector. 'With inflation declining, conditions are favourable for further cut in interest rates to stimulate demand and help arrest further slowdown in the manufacturing sector', CII director general Chandrajit Banerjee said, referring to the findings of a CII study.

December 27th, 2008 NEW DELHI - With the demand for renewable energy solutions going up in the industrial world, Luminous Teleinfra, engaged in manufacturing packaged electrical power and power conditioning products, is offering green solutions for telecom base stations that promises to help operators reduce pollution as well as operating expenses. The base station subsystem (BSS) is a section of a traditional cellular telephone network that is responsible for handling traffic and signalling between a mobile phone and the network switching subsystem.