Rs 27,000 Crore Order To Be Available For Private Firms In Defence Technology: Tata Power

Tata Power SED CEO Rahul Choudhary on Saturday said based on the technical qualification the private sector has in defence technology and innovation, an order worth Rs 27,000 crore will be available with it in the next two years.

“In next two years, based on whatever technical qualification that the private sector has, an order worth Rs 27,000 crore will be available to private sector,” he told reporters here at an event organised by the Defence Innovators and Industry Association here.

He said Tata Power SED was working with many Israeli companies, though it was not a part of any of the 12 defence agreements signed by Indian companies with Israeli firms during Prime Minister Narendra Modi’s visit to the country.

On the impact of GST and “Make In India” in defence sector, he said it is great that both these things are happening together, which would only create millions of jobs in future.

“It will, though too early to project any number in terms of jobs,” he added.

Karnataka Industries Minister R V Deshpande said the state government would soon establish an Aerospace Technology Centre here under PPP model as Centre of Excellence in ‘Aerospace and Defence’, which aims at providing high-end training for nearly 1,600 engineers every year.

The minister also said the state has a mission to achieve substantial progress in aerospace sector by attracting investments of Rs 60,000 crores (USD 10 billion) over a period of 10 years.

Deshpande also said the government has amended specific rules in the state’s aerospace policy to ensure clarity for recently approved projects in space which have a potential to provide over 10,000 jobs.

You may also read!

In Pics: Reliance Defence Unveils Two Naval Warships Built For Indian Navy

Reliance Defence and Engineering (RDEL) introduced two naval warships built for the Indian Navy at the company's Pipavav shipyard

Read More...

It’s Official: Al-Qaeda Announces Kashmir Unit, Zakir Musa Is The Leader

Stepping up its activity in India, Al-Qaeda has formally announced establishment of a new Kashmir-based terror group—Ansar Ghazwat-ul-Hind. 

Read More...

Ahmedabad Airport Witnesses Water-logging Due To Incessant Rains

As incessant rains+ battered the city, Sardar Vallabhbhai Patel International (SVPI) Airport on Thursday morning witnessed water-logging outside the airport and also near the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu