A slowdown in reforms in India over the past five years–and a virtual pause in procurement–may be about to change following renewed optimism and confidence as the new government shows, for the moment at least, that it is serious. As hectic activity takes place in the ministries of commerce, finance and defense, increasing manufacturing, exports and foreign direct investment (FDI) are focus areas of the new regime.
Tata Advanced Systems
The joint venture between Tata Advanced Systems and Sikorsky has delivered its first fully indigenous S-92 cabin. The Indian operation is now not only assembling cabins but also producing more than 5,000 associated precision components. At the Hyderabad factory, the capacity has reached four S-92 cabins per month and the 50th was produced in October.