American Firm General Electric Aerospace (GE Aerospace), among the few aircraft engine makers in the world, has announced an investment of Rs. 240 crores or approximately $30 million in their existing Indian facility in Pune Maharashtra.
Inaugurated by Indian Prime Minister Narendra Modi in February 2015, the GE Aerospace factory produces components for commercial jet engines. These are supplied to GE’s global factories where they are used to assemble aircraft engine variants -G90, GEnx, GE 9X etc.
Expanding its Naval fleet, Indonesia will be domestically building two French-origin Scorpene submarines at the largest shipyard in their country. A total of 14 diesel-electric Scorpene attack submarines are in various stages of construction or already operational with the Navies of India(six submarines), Brazil(four), Malaysia and Chile(two each.
The Brazilian Navy inducted 'Humaita', the second Scorpene submarine that was built domestically, based on technology transfer from the French firm Naval Group. This is part of Brazil's ProSub programme that aims to enhance their Navy's submarine force with four new conventional (diesel-electric) Scorpene submarines and the development of an indigenous Nuclear-powered submarine.
In recent years, the French-origin Scorpene submarines have had many takers with the Indian Navy inducting six of them, and two each being added to the fleets of Malaysia and Chile.
India to Expand Naval Arsenal in Response to Growing Maritime Threats – Indian Defence Research Wing idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.
China is building vessels at a furious rate to further add to what is the world’s largest Navy with 355 warships and submarines. The People's Liberation Army-Navy (PLAN) is aggressively hunting for more overseas bases after Djibouti on the Horn of Africa, Karachi and Gwadar in Pakistan to overcome its existing logistical challenge in the IOR and the larger Indo-Pacific., India News, Times Now