Tata Signs Deal With Honeywell to Build Defence Navigator in India
New Delhi: Tata Power Co Ltd's defence engineering unit, Tata Power SED, has signed an agreement with Honeywell International to produce the US company's 'TALIN' navigator in India, Honeywell said in a statement on Monday.
Honeywell will license the design and hardware to assemble, test and eventually build the production kits for the navigation system in India, in a boost for New Delhi's efforts to encourage local manufacturing of defence equipment.
The agreement, announced during Prime Minister Narendra Modi's visit to the United States, will mark the first time India has produced inertial land navigation technology, Honeywell said.
India, the world's largest arms importer, is keen to modernise its armed forces by promoting domestic industry.
In a bid to kick start local production and encourage foreign manufacturers to share technology, the new government has approved a plan to raise the amount of foreign direct investment (FDI) allowed in its defence industry to 49 per cent from 26 per cent.
Rahul Chaudhry, chief executive at Tata Power SED, said in the statement that the technology sharing arrangement "will offer the Indian Armed Forces a state-of-the-art inertial navigation technology, made in India and with local product support".
The Tactical Advanced Land Inertial Navigator, or "TALIN", enables precision navigation for vehicles and artillery movement, even where GPS satellite guidance is limited in far-flung and difficult terrains.
As of 2:44 p.m., shares in Tata Power were trading at Rs 83.60 apiece on the BSE, down 0.83 per cent from the previous close.
Copyright @ Thomson Reuters 2014
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
