Foreign companies can now own 49 percent of Indian defense companies, following a change announced as part of the country’s budget statement on July 10. The budget was presented by Finance and Defense Minister Arun Jaitley, a member of the newly elected government. It includes an allocation of $38.17 billion for defense, a gain of 12.44 percent. Some $15.76 billion of this (up from $13.15 billion last year) is capital expenditure, used primarily for procurement.
A decisive milestone was reached yesterday as the solar-charged, electric-powered Solar Impulse successfully completed the second-to-last leg of its Across America mission by landing at Washington Dulles International Airport–locally it was Sunday, June 16 at 12:15 a.m.–stimulating renewed enthusiasm for discovery and innovation.
Aveillant, a spin-off company from France-based technology engineering specialist Altran, is developing a new radar designed to distinguish between aircraft and the rotating blades of wind turbines, eliminating the potential confusion wind farms could cause in ATC and allowing wind farms to be built closer to airports.