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Nepal PM Oli condoles Ratan Tata’s demise

Ratan Tata, Chairman Emeritus, Tata Sons, passed away on Wednesday at Breach Candy Hospital in Mumbai…reports Asian Lite News

Nepal Prime Minister KP Sharma Oli expressed sadness over the demise of veteran industrialist Ratan Tata. Oli said that Ratan Tata’s legacy and positive impact on society will be cherished.

He stated that Ratan Tata’s leadership in business and philanthropy touched a vast number of lives, reaching far beyond India.

Ratan Tata, Chairman Emeritus, Tata Sons, passed away on Wednesday at Breach Candy Hospital in Mumbai.

In a post on X, Oli stated, “Deeply saddened by the passing of Ratan Tata, a true titan of industry. His visionary leadership in business as well as philanthropy touched a vast number of lives, reaching far beyond India. His legacy and the positive impact on society will be cherished.”

Union Home Minister Amit Shah will attend the last rituals of the veteran industrialist on behalf of the Government of India.

Maharashtra Chief Minister Eknath Shinde said on Wednesday night that the last rites will be performed with full state honours.

According to an official statement from Maharashtra Chief Minister’s Office, the state government has declared one day of mourning in respect of Ratan Tata.

“All government buildings will have the national flag at half-mast and no cultural or entertainment programme of the government will be held today. Ratan Tata’s funeral will be conducted with all state honours,” the Maharashtra CMO said.

The mortal remains of veteran industrialist Ratan Tata will be available for the public on Thursday from 10:30 am at the NCPA Lawns at Nariman Point in Mumbai to pay their last respects. As per a statement from Tata Trust, the mortal remains will be taken on its final journey at 4 pm.

Ratan Tata, born on December 28, 1937, in Mumbai, was the Chairman of Ratan Tata Trust and Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India.

He was the Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012. Then he was appointed Chairman Emeritus of Tata Sons. He was honoured with the country’s second-highest civilian award, the Padma Vibhushan, in 2008. (ANI)

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Business India News Karnataka

Tata Group Bets Big on Karnataka

Tata Advanced Systems, which makes doors for European giant Airbus’s A320neo planes, will set up manufacturing and research & development facilities in the state…reports Asian Lite News

Tata Group companies Air India and Tata Advanced Systems Ltd (TASL) are planning to invest Rs 2,300 crore in Karnataka in projects that are expected to create employment for 1,650 people, the state government announced on Monday.

According to the MoU that has been signed, Air India will set up a facility to carry out maintenance, repairs, and overhaul of planes at the Bengaluru airport. The project entails an investment of around Rs 1,300 crore that will generate employment for 1,200 people.

Tata Advanced Systems, which makes doors for European giant Airbus’s A320neo planes, will set up manufacturing and research & development facilities in the state. The company will invest in three projects near Bengaluru Airport and in Kolar with a total investment of Rs 1,030 crore. These include a passenger to freighter aircraft conversion facility (Rs 420 crore), gun manufacturing facility (Rs 310 crore) and aerospace & defence research and development in Karnataka (Rs 300 crore). These projects are expected to generate direct employment for 450 people.

Karnataka Chief Minister Siddaramaiah and state Large and Medium Industries Minister M B Patil were among those present at the MoU signing ceremony in this regard here.

Saying such projects require streamlined support from the government in terms of clearances, approvals and interventions, Patil assured support in resolving any challenges pertaining to the grounding of the projects.

S. Selvakumar, Principal Secretary, Karnataka Industries Department and Nipun Agrawal, Chief Commercial Officer of Air India and Sukaran Singh, CEO of TASL exchanged the MoU.

Chief Secretary to Karnataka Government, Rajneesh Goyal; Additional Chief Secretary to Chief Minister L.K. Atiq; Commissioner of Industries Department Gunjan Krishna; Air India top officials Manan Chauhan, Karthikeya Bhat, Atul Shukla, TASL top officials Guru Dattatreya, Arjun Maine, Bangalore International Airport Managing Director Hari Marar, COO Satyaki Raghunath, and CFO Bhaskar Ravindra were present on the occasion.

The Tata’s plan for Karnataka comes close on the heels of the group’s announcement of a Rs 15,000 crore investment in Telangana. The Tata Group has also drawn up plans to set up a semiconductor fabrication plant in Gujarat.

Investments flowing into states are on the rise under the Atmanirbhar policy of the Modi government which has increased emphasis on self-reliance under which more collaborations between Indian companies and high-tech foreign firms are taking place. This has also led to more FDI flows into the country.

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Business India News

Tata Group, Lockheed Martin team up for F-16 wings

Wings for F-16 to be made by Tata-Lockheed Martin JV in India

Lockheed Martin formally recognised TLMAL as a potential co-producer of fighter wings in October 2021 after the latter’s successful production and qualification of a prototype fighter wing shipset…writes Venkatachari  Jagannathan

Global defence aerospace player Lockheed Martin and Indias Tata Group have inked an agreement for the production of fighter plane wings at their joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL) in Hyderabad.

According to Lockheed Martin, the Memorandum of Understanding (MOU) envisions production of 29 fighter wing shipsets, with an option of additional shipsets, with deliveries commencing in 2025.

“These wings are initially intended for the F-16 Block 70/72 jets and would be delivered to our US facility in Greenville, South Carolina, for inclusion into the production/final assembly line. However, the transfer of technology and manufacturing rigor that Lockheed Martin and Tata have demonstrated will transfer to the F-21 if/when selected by the Indian Air Force. We are proposing the F-21 for India and these would be produced in India,” a Lockheed Martin official told IANS.

Lockheed Martin formally recognised TLMAL as a potential co-producer of fighter wings in October 2021 after the latter’s successful production and qualification of a prototype fighter wing shipset.

Through this prototype project, TLMAL was required to demonstrate the capability to perform detailed part manufacturing and delivery of a fully-compliant fuel-carrying 9-g, 12,000 hour, interchangeable/replaceable representative fighter wing, Lockheed Martin said on Friday.

“That achievement further strengthened Lockheed Martin’s partnership with India, and supports its F-21 offering for procurement of 114 new fighter aircraft exclusively for India and the Indian Air Force by proving additional indigenous production capability. The India F-21 represents an unprecedented strategic and economic opportunity for the US-India relationship and represents a catalyst to future advanced technology cooperation,” Lockheed Martin said.

According to the Lockheed Martin official, the F-21 would serve as a force multiplier for the Indian Air Force with an unmatched capability-to-cost ratio compared to the competition.

“In addition, the F-21 is equipped with state-of-the-art systems and sensors that would allow the Indian Air Force to detect, track and engage multiple targets in a contested environment. The current and future state of warfare is and will be centered on gathering and sharing information across multiple domains (air, land, sea, space and cyber) to make effective decisions as quickly as possible. The F-21 will be able to integrate across these domains and across Indian services to provide current and future relevance,” the official added.

The F-21 will leverage advanced technologies from across the Lockheed Martin fighter portfolio. It is a single engine, low life cycle cost platform with an optimal max take-off weight right in between the Rafale and Tejas.

“Our F-21 offer is also ‘Make in India’ which addresses the goals of ‘Aatmanirbhar Bharat’ while providing India with an improved security cooperation relationship with the United States,” ythe official said.

Also, the F-21’s industrial offering will put India at the epicentre of the world’s largest fighter production and sustainment market, creating thousands of highly-skilled jobs in India, the official added.

Tata Advanced Systems Limited and Lockheed Martin Aeronautics had established TLMAL as a joint venture in 2010.

TLMAL serves as the single global source of C-130J empennage assemblies that are installed on all new Super Hercules aircraft. To date, TLMAL has manufactured and delivered nearly 200 C-130J empennages.

“I am proud of Tata Group’s partnership with Lockheed Martin on this prestigious project. I would like to congratulate the TLMAL team for successfully industrialising and qualifying the fighter wing in spite of the technological complexity involved. I am confident the initiative of manufacturing fighter wings in India will go a long way in strengthening the aerospace and defence manufacturing ecosystem in India,” said N. Chandrasekaran, Chairman, Tata Sons Pvt. Ltd.

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