Jay Menon

India Correspondent

Delhi, India

Summary

Articles

Jay Menon
NEW DELHI — India is considering increasing the foreign direct investment (FDI) limit in its defense sector to at least 49% from the current 26%, according to a top government official. “I am in favor of raising [the] FDI limit in the defense sector to at least 49%, if not 74%,” Federal Trade Minister Anand Sharma says. The policy change is needed to help India “become a major defense producer” in the world, he says. “India needs to move on. Our industry is talking to major defense manufacturers in the U.S. and Europe.”
Defense

Jay Menon
Malaysian low-cost carrier AirAsia has announced recruitment plans for domestic operations in India, set to begin later this year. The airline, which last month received government approval to form a joint-venture carrier in India, will interview prospective flight attendants and pilots April 13 in Chennai, an airline spokesman says. “Experienced flight attendants or fresh graduates of any discipline are also welcome to attend the interview,” the spokesman says.
Air Transport

Jay Menon
NEW DELHI — India has approved a plan to buy 30 billion rupees ($500 million) worth of night-vision equipment for its armed forces, a government official says. At an April 2 meeting of the Defense Acquisition Council, the highest decision-making body in the country’s defense affairs, Indian Defense Minister A.K. Antony approved the procurement of around 5,000 third-generation thermal-imaging and night-vision devices for the country’s Russian-origin T-72 and T-90 battle tanks and its BMP Infantry Combat Vehicles (ICVs), a defense official says.
Defense