Lockheed CEO wraps-up India visit


Lockheed CEO wraps-up India visit

American aerospace giant Lockheed Martin is keen on stepping up investments in India, officials here have said.

Lockheed Martin has offered to build F16 fighter jets under ‘Make in India’ initiative. The company’s chairman, president and CEO Marillyn Hewson was here on a two days visit and had met Commerce and Industry Minister Nirmala Sitharaman on Wednesday.

“The discussions focused on the relaxation of FDI norms and stepping up of their investments,” news agency PTI quoted a ministry source as saying.

“I look forward to growing our 25-year story in India and to establishing greater and more meaningful partnerships that will help grow the Indian economy and community,” she was quoted as saying.

“Meeting with political leaders, senior government officials and leading Indian industrialists, Hewson highlighted Lockheed Martin’s sponsorship of the India Innovation Growth Programme (IIGP) as an example of effective partnership in action,” said a company release.

It said the company’s commitment to the ‘Make in India’ policy, the national ‘Skills Initiative’ and to working with industrial partners in India to expand its business footprint was a feature of discussions she had during her trip.

The statement highlighted that every C-130J airlifter sold internationally contains major aerostructure assemblies manufactured in India by Tata and every S-92 medium-lift helicopter built by Sikorsky, a Lockheed Martin company, has a cabin manufactured by Tata in Hyderabad.

You may also read!

Air India Sets Up 5 Project Teams For Disinvesment

Air India has set the ball rolling for its eventual strategic disinvestment by setting up five internal project teams

Read More...

Air India Privatisation: SBI Caps Hired, 5 Teams Set Up For Divestment Process

Preparing for privatisation, Air India Ltd has roped in SBI Caps to advise on the future course of disinvestment

Read More...

When History Came Full Circle: How Modi Raj Outmanoeuvred British Raj At The ICJ

History has come full circle with India, once a British colony, beating its former colonial master at an important

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu