NEW DELHI — India has put on hold the joint venture between state-run shipbuilder Mazagon Dock Ltd. and Pipavav Defense and Offshore Engineering Co. after receiving complaints from other commercial shipyards that were passed over for the deal. The Indian defense ministry is now forming a new policy for public-private business partnerships to establish greater transparency, according to Defense Minister A.K. Antony.
NEW DELHI — India will open the commercial bids of its two shortlisted vendors for the $11 billion Medium Multi-Role Combat Aircraft (MMRCA) by the middle of October, with the deal likely to be finalized by the end of this year, the Indian Air Force chief says.
Air cargo operations supported by state-of-the-art facilities began Tuesday from Ojhar Airport near the industrial city of Nasik in India’s western state of Maharashtra. The first services are being offered by a joint venture between Halcon—a joint working group of Hindustan Aeronautics Ltd. (HAL) and Container Corp. of India—and Clarion Solutions, which is part of shipping and logistics conglomerate Transworld Group.