Tata Lockheed Martin Aerostructures Ltd, a joint venture between Tata Advanced Systems Limited (TASL) and Lockheed Martin, is seeing growth opportunities through its operations in Hyderabad, at a time when Central government is bringing defence reforms in terms of defence procurement, pushing indigenous manufacturing and increasing foreign direct investment (FDI).
Sharing the near-term outlook, Abhay Paranjape, chief operating officer, Tata Lockheed Martin Aerostructures, told Telangana Today, “We are already engaged in additional manufacturing for fighters and helicopters in Hyderabad. This will accelerate more by the end of 2020. Once the new defence procurement procedure (DPP) is finalised, there will be more clarity on investment opportunities.”Read More…
