SEAnews 2016-07-29 ArtNo.45814

【New Delhi】US defence major Lockheed Martin has firmed up its plans to produce the latest version of its iconic F-16 fighter jets only in India under the ‘Make in India’ programme.
　The multi-billion dollar deal was “finalised” during the recent visit of Lockheed Martin’s Chairman, President and CEO Marillyn Hewson here last week, a top official, involved in the talks, told BusinessLine. Under the deal, the company will be manufacturing the latest version of the jets – F-16 Block 70/72 – that will be produced “exclusively” in India.
　This will be the “most advanced” version and will not be built anywhere else in the world. Lockheed Martin also plans to export them from the India plant at a later stage, the official said. The F-16 project is a government-to-government deal that will be conducted through the Foreign Military Sales (FMS) route. It is likely to co-produce the F-16s in collaboration with the Tata Advanced Systems Ltd., which has been its partner for other defence and aerospace programmes such as the C-130 cargo plane.
○India woos Tesla with land offer

【San Francisco】Less than a year after Prime Minister Narendra Modi visited Tesla’s state-of-the-art factory in Fremont, California, his government has invited American electric carmaker to set up a manufacturing hub for South and South East Asia in India.
　Nitin Gadkari, minister of road transport and highways, who visited the company’s San Francisco factory on the 15th of July, offered land near major Indian ports to facilitate exports, an official statement said. The minister offered to promote joint ventures between the global leader in electric car technology and Indian automobile companies to introduce pollution-free road transport in India. Gadkari not only showed interest in electric cars but also battery-powered commercial and public vehicles. He said Indian government was committed to encourage pollution-free transport by providing incentives to bio-fuel, CNG, ethanol and electric vehicles.
【News source】

In exclusive deal, India to get ‘most advanced’ F-16 fighter jets by 2019-20

India woos Tesla with land offer

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