Public Relations

Tata, Israeli co tie up for aerospace defence

The Tata group, which is setting up a Sikorsky S-92 helicopter cabin manufacturing plant at the Aerospace and Precision Engineering Special Economic Zone at Adibatla near here, has formed a joint venture with Israel Aerospace Industries (IAI) for setting up defence aerospace manufacturing facilities in the same SEZ. - Tata Chem Q1 net jumps 61% at Rs 94 cr - Titan Industries Q1 net up 41% at Rs 46 cr - Nano to drive into Latin America - Tatas, Fiat planning to introduce Nano in Latin America - Trent changes gear - JLR dangles carrot to push back salaries for 15 days The JV — Nova Integrated Systems (NIS) Limited — would design, manufacture and integrate advanced defence and aerospace systems with transfer of technology from IAI. The project would see an initial FDI of $50 million (about Rs 250 crore).

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