Under the agreement signed on Nov 29, but not made public until Thursday, the two firms said they would build components for CFM International's LEAP engines used in commercial jets.CFM is a joint venture between GE and French company Safran Aircraft Engines.Tata and GE will also pursue military engine and aircraft system opportunities for the India market, the companies said in the statement.India, the world's largest defence importer, wants to build more of its hardware in country and reduce reliance on costly military purchases.Under a new policy, it is inviting global military manufacturers to set up shop as minority partners in India.Under the strategic partnership model it hopes to manufacture fighter jets, armoured vehicles, helicopters and submarines locally.Airbus Group, Lockheed Martin, Saab and the Naval Group are some of the companies eyeing potential deals, worth tens of billions of dollars, across these categories.The government hopes these deals can boost local … [Read more...] about GE and Tata partner to make engine components in India
India
Vietnam attends ASEAN Natural & Organic Show in India
The event was held in Kolkta city of the western state of Bengal by the Associated Chambers of Commerce and Industry of India (Assocham) as part of the activities to mark the 45th anniversary of Vietnam-India diplomatic ties and 25th anniversary of ASEAN-India dialogue relations. The Vietnamese firms brought clean coffee, tea and spices and soil fertilising organic products. (Photo for illustration: infonet.vn) Nearly 80 businesses from Vietnam, Singapore, Thailand, Malaysia, the Philippines, Bangladesh, and Russia and close to 200 Indian firms are offering a variety of products such as pharmaceuticals, cosmetics, food supplements, foods, beverages, herbs, decorations, crafts, and natural essential oil.The Vietnamese firms brought clean coffee, tea and spices and soil fertilising organic products. The natural and organic market in the Association of Southeast Asian Nations (ASEAN) is evaluated to hold a lot of potential. Its value is forecast to reach over 4.4 billion USD with … [Read more...] about Vietnam attends ASEAN Natural & Organic Show in India
India promotes relations with ASEAN
A conference was held in New Delhi on December 13 to look back the 25 years of the ASEAN-India Partnership. (Photo: VNA)New Delhi (VNA) – Vietnamese Ambassador to India Ton Sinh Thanh hashighlighted the strong development of the relations between ASEAN and Indiaover the past 25 years in various fields.The two sides established 30 dialogue mechanisms, including high-level andminister-level meetings across fields, he said at a conference to look back the25 years of the ASEAN-India Partnership in New Delhi on December 13.Cooperation between ASEAN and India will support each other to reach strongerdevelopment as both sides account for a quarter of the world’s population with atotal GDP of 3,800 billion USD, according to the diplomat.ASEAN is India’s fourth largest trade partner, with two-way trade reaching 71.69billion USD in 2016-2017 compared to 30.09 billion USD in 2007-2008. Investment from ASEAN to India surged by 70 billion USD over the past 17 years,making … [Read more...] about India promotes relations with ASEAN
India probes steel imports from Vietnam
India probes steel imports from Vietnam By Ngoc Lan - The Saigon Times Daily HANOI - Steel mills in Vietnam are reeling from a rising influx of cheap Chinese-made steel coils but they are facing an anti-dumping probe by Indian authorities. The Vietnam Competition Administration Department said on its website on Wednesday that India's Directorate General of Safeguards had announced to launch an investigation into imports of hot rolled coils, sheets and strips steel from 14 countries including Vietnam. They are also required to submit all information that can help protect them against the dumping accusations by May 8. The Vietnam Steel Association (VSA) said it had yet to receive any information about the issue but it would work with member companies concerned over the dumping accusations. VSA chairman Pham Chi Cuong, however, said steel mills in Vietnam were not producing sheets and that for steel coils, the local market was still reliant on imports and local producers often made … [Read more...] about India probes steel imports from Vietnam
VN attends ASEAN-India Connectivity Summit
Deputy Minister of Information and Communications Phan Tam speaks at the ASEAN-India Connectivity Summit (Source: VNA) Addressing the event, Tam highlighted close cooperation between ASEAN and India over the past 25 years to promote peace, stability and prosperity, for the sake of people of the two sides. He held that the summit will create an opportunity for ASEAN and India to exchange viewpoints and information about cooperation in key spheres like information and communications technology (ICT), transport, education and human resources development. ASEAN prioritises digital and natural connectivity with dialogue countries while implementing the Master Plan on ASEAN Connectivity 2025, he said, noting that ASEAN welcomes new commitments made by the Indian Government to promoting collaboration in technical and financial support to group. Expressing his belief that the summit will contribute to raising the ASEAN-India strategic partnership to a new high, Tam … [Read more...] about VN attends ASEAN-India Connectivity Summit