Tag: Aviation industry

By 2025, India hopes to expand its defence manufacturing beyond $25 billion

NEW DELHI: The Prime Minister, Narendra Modi laid the foundation stone of the C-295 Aircraft Manufacturing Facility in Vadodara, Gujarat today. He also visited an exhibition showcasing technological and manufacturing strides in the aerospace industry under Aatmanirbhar Bharat. Addressing the gathering, the Prime Minister said that today we have taken a big step in the […]

Covid-19-hit aviation industry requires $5 billion to stay afloat

NEW DELHI: Coronavirus-hit domestic aviation industry requires a capital infusion of around $5 billion to keep it afloat as expected consolidated industry losses may stand at $6-6.5 billion this fiscal, an aviation consultancy and advisory firm has said. However, structural issues, including the prevailing uncertainty, are unlikely to help them take advantage of the low […]

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