Aerospace Defence Majors Look for Partners for Make in India

Aerospace Defence Majors Look for Partners for Make in India American defence majors Lockheed Martin and Boeing and Sweden’s SAAB-AB are currently scouting for a joint venture partner to make fighter jets in the country, to grab a slice of India’s ?1 lakh-crore defence manufacturing market, reports Timsy Jaipuria in Hindustan Times on July 15. The reports says that following a relaxation of foreign direct investment (FDI) norms in the defence sector, Lockheed Martin Corp chairman Marillyn A Hewson met commerce and industry minister Nirmala Sitharaman earlier this month, and expressed this interest to invest in the sector. Sitharaman was quoted in Hindustan Times as saying “all three are looking for JV partners to build fighter jets. India is a very big market as far as f...
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