Tata Boeing Aerospace inaugurates its state-of-the-art
Apache fuselage facility
· Delivery of the first fuselage expected in 2018
· Partnership reaffirms commitment to ‘Make in India’
HYDERABAD/NEW DELHI, March 1, 2018 – Tata Boeing Aerospace Limited (TBAL), a joint venture between Boeing [NYSE: BA] and Tata Advanced Systems Ltd. (TASL) today inaugurated its state-of-the-art facility in Hyderabad. Spread over 14,000-square meters and employing 350 highly skilled workers, the facility will be the sole global producer of fuselages for AH-64 Apache helicopter delivered by Boeing to its global customers including the U.S. Army. The facility will also produce secondary structures and vertical spar boxes of this multi-role combat helicopter. The delivery of the first fuselage is expected in 2018.
“I congratulate Tata and Boeing for taking this bold step towards Make in India and making this substantial investment in the defence space,” said Smt. Nirmala Sitharaman, Honourable Minister of Defence, Government of India. “The manufacturing of advanced defence platforms and being integrated with the complex global supply chain will help our aerospace industry acquire technology, build local capability, provide employment and become a global exporter.”
TBAL, Boeing’s first equity joint venture in India, is the result of a 2015 partnership agreement with TASL. Construction of the manufacturing facility began in 2016 and was completed on schedule. In addition, Boeing and TASL have worked closely to develop a pool of highly skilled aerospace talent through skill development initiatives.
“TBAL is just the beginning of Boeing’s future journey of partnership with India,” said Pratyush Kumar, President, Boeing India. He further added, “As we progress, we see this as a major step towards future opportunities to pursue the co-development of integrated systems in aerospace and defence. Our partnership with Indian industry fulfils the goals of the ‘Make in India’ initiative and results in mutual growth and productivity growth for both India and Boeing.”
“Tata is a significant player in the global aerospace market focused on leveraging opportunities in global markets and reducing India’s reliance on imports in defence related requirements, 60% of which is met through imports. With the streamlining of the export regulation process under the Strategy for Defence Exports (SDE) of the Government of India, and with established capabilities and demonstrated deliveries, we are poised to emerge as a supplier of choice for global OEMs,” said Mr. Banmali Agrawala, President, Infrastructure, Defence and Aerospace, Tata Sons.
Sukaran Singh, MD and CEO, Tata Advanced Systems said, “The inauguration of the TBAL facility marks an important milestone in our collaborative engineering journey with Boeing. As India focuses on indigenous manufacturing in the defence market, this partnership is testimony to Tata Group’s commitment to develop global high-end technology in defence manufacturing, making India more self-reliant.”
TASL, the strategic Aerospace and Defence arm of the Tata Group, is a key player in the global aerospace and defence market. With established capabilities throughout the aerospace value chain from design to full aircraft assembly, it is a premier manufacturing partner for global original equipment manufacturers (OEMs) as well as the Government of India’s Defence Research and Development Organisation.
More than 2,300 Boeing-made Apache helicopters are operated by customers around the world since the aircraft entered production. The United States Army Apache fleet alone has accumulated more than 4.3 million flight hours, including more than 1.2 million in combat, as of January 2018. The helicopter has been fielded or selected for acquisition by the armed forces of 16 countries, including India.
Boeing is expanding its engagement with India’s Ministry of Defence to deliver advanced capabilities and readiness to the Indian military. The company has developed a competitive supplier base in-country that is integrated into Boeing’s global supply chain. The Indian Ministry of Defence finalised an order with Boeing for 22 AH-64E Apache helicopters in September 2015, deliveries for which are scheduled to begin in 2019.
More Misery for Rohingyas
Half a million Rohingya refugees crammed into over 30 makeshift camps in Cox’s Bazar in southeast Bangladesh face a critical situation as the cyclone and monsoon season begins in a few weeks’ time.
The United Nations and international and local NGOs, along with the Bangladeshi government, have issued emergency calls to safeguard the population, especially those who are most vulnerable.
Already burdened with the world’s largest refugee crisis, the host country and its partners remain concerned at the slow pace of action on the ground, although preparations are already underway.
The biggest threat is the terrible conditions in the camps, most of which are frail shelters made up of bamboo sticks and plastic tarpaulins unlikely to stand up to gusting winds and heavy downpours.
In mid-January, Edouard Beigbeder, UNICEF Country Representative in Bangladesh, sent out a press statement saying, “As we get closer to the cyclone and monsoon seasons, what is already a dire humanitarian situation risks becoming a catastrophe. Hundreds of thousands of children are already living in horrific conditions, and they will face an even greater risk of disease, flooding, landslides and further displacement,”
“Unsafe water, inadequate sanitation and poor hygiene conditions can lead to cholera outbreaks and to Hepatitis E, a deadly disease for pregnant women and their babies, while standing water pools can attract malaria-carrying mosquitoes,” he added. “Keeping children safe from disease must be an absolute priority.”
Railways No Innovation, Mismanaged, To Be BANKRUPT Soon
March01, 2018 (C) Ravinder Singh progressindia2015@gmail.com
‘Papa Fail Mat Hona’ – daughters of Ashwani Lohani said to him when he took over as Railway Board Chairman. Unfortunately Papa Had Failed Railways over 38 years. Railways Operational Performance is negative. My concerns about his Weird Ideas are –
Ø Indian Railways is lifeline of Poor – who are Totally Neglected – for Rich there are Luxury Trains, Bullet Train, Airlines, Cars & Expressways, UBER H-H Services etc.
Ø IR Fares are already Uncompetitive but for Discounts for Children and Sr Citizens. VOLVO services had increased 4 Fold in 4 yrs.
Ø In case Petroleum Products are brought under GST – price of Diesel is reduced to Rs.35-40/L – Few shall travel by Trains, National Permit Buses & Goods Transport by road to be Cheaper in most regions. >> BANKRUPT RAILWAYS.
Ø Fast Electric Vehicles Being Introduced shall DISRUPT railway operations.
Ø Railways are not INTERCONNECTED to PUBLIC TRANSPORT – Access to Railway Stations & Railway Platforms is IMPOSSIBLE by any standard.
Ø IT IS MOST WEIRD to BUILD MULTISTORY COMMERCIAL SPACES AROUND INACCESSIBLE RAILWAY STATIONS.
Ø Railways to build New Stations in Easy to Access locations, all over India.
Ø Expansion Projects are MOSTLY UNVIABLE, Bullet Train, Fitting New Toilets in Worn Out Coaches, 100% Conversion of Signal with 20 Yr Old Technology WEIRD When UBER serve over 2,00,000 Taxis in Delhi alone to around 10,000 Railway Locos.
Ø Railways is ZERO in R&D – instead of IMPROVING Locos, Buys IMPORTED High Cost Locos, Double Decker Coaches not introduced, many ore Innovations Missing.
I started writing regularly since 1980 – that year I reported CSIR-NRDC are engaged in Bogus Research, Weird Ganga-Cauvery Link, Multi-Purpose Dams, Weird Idea of Gauge Conversion and Axle Counters, Scheduling of Trains, Power, Wagon Unloading.
In 1980 I petitioned to PM about the WEIRD Idea of Gauge Conversion– I wanted Doubling of Meter Gauge lines instead – so than even Stream Engine services could operate Express Trains at over 80 kmph speed – 100kmph Shatabdis. Trains average 50-60kmph on Delhi-Jodhpur section. There are too many halts because Single Line carry traffic in both directions – Not due to commercial reasons.
1980 – IIT Delhi proposed AXLE Counter as technology to WARN AGAINST DETATCHMENT OF TRAINS Particularly Goods Trains. Within minutes Invented BETTER TECHNOLOGIES – Give Speed of Train to have passed to next train on same track.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
5th India Maize Summit 2018
March 23rd , 2018 – FICCI, Federation House, New Delhi
I take pleasure in informing you that FICCI is organizing the 5th edition of India Maize Summit on March 23rd , 2018 (Friday) at FICCI, Federation House, New Delhi. FICCI has been organizing India Maize Summit since 2013 and after the success of last four editions, FICCI has now declared this as an Annual event. The 5th edition of India Maize Summit aims at providing a common platform to all stakeholders to outline the opportunities in maize and deliberate on actions that are required at the policy and operational level to unleash the potential of Maize.
The Summit will deliberate upon:
(a) Enhancing productivity– to be in global race.
(b) Encouraging alternate uses of maize– maximizing value by diversification.
(c) Mechanization and Post-harvest management– imperative to raise farmers’ income.
(d) Assured markets and price risk minimization– win –win game.
(e) Maize for starch and feed industry– matching the market demand.
In view of the significance of the subject, I am writing to request you to kindly join us for the 5th India Maize Summit 2018 (Friday) and make it a success. In case you are pre occupied, you may like to depute a senior representative to participate in the summit. Please find attached the Summit brochure and Registration form for your reference.Request you to kindly send us the filled in registration form at apoorva.mishra@ficci.c om .
I look forward to your participation in making this event a huge success.
Japan’s banks face a quiet crisis
Shrinking to survive: Japan’s banks face a quiet crisis
Thousands of positions at risk as online upstarts threaten bloated megabanks
MITSURU OBE, Nikkei staff writer
New college recruits gather for an orientation session at Sumitomo Mitsui Banking’s Tokyo headquarters in 2016. (Photo by Yuichiro Takagi)
TOKYO — “Welcome to our bank!” chime the three uniformed clerks as customers enter Mizuho Bank’s branch in Tokyo’s Tanashi neighborhood.
The friendly, highly experienced clerks stand ready to help customers fill in the various forms required to open an account, make a large withdrawal, transfer funds or take out a loan. Even in the digital age, such tasks can require plenty of time-consuming paperwork. To confirm their identity, customers are also required to present a hanko, or personal seal.
Once the forms are filled out, the customers take a paper ticket and wait for their number to be called by one of the handful of tellers sitting behind the counter, who handle simple requests on the spot. More complicated jobs are handed over for processing by a dozen or so other clerks sitting behind them.
These days, however, most customers walk straight past the three clerks at the entrance and toward the bank of eight ATMs or three machines for updating passbook records. Many customers never make it into the branch at all, choosing instead to do their banking online.
But despite the popularity of internet banking, the retail bank experience in Japan appears little changed from a decade or two ago. Personal attention to the customer and a thick, sturdy passbook are still regarded as hallmarks of quality in Japan’s banks, even if there is less demand for such service.
Branches of Japan’s megabanks are a ubiquitous sight in Tokyo. (Photo by Ken Kobayashi)
There are signs this is beginning to change, however. The country’s three biggest banks have announced plans to close branches, eliminate thousands of positions and introduce more automation — radical steps in an industry where employees expect to have jobs for life. But critics warn they are still not moving quickly enough to prepare for the next wave of digital disruption heading their way. One senior executive says Japan’s banks are experiencing a “quiet crisis.”
Raymond Spencer, senior vice president at Moody’s Investors Service in Japan, says retail banks need to be run more like convenience stores. “Banking is not a complex business, particularly for retail. So there is a lot of competition and it has become a commodity,” he said.
The banks’ short business hours, typically from 9 a.m. to 3 p.m. on weekdays, are an anachronism in the digital age, he says. “Why are branches open when nobody can visit them?”
At Bank of Tokyo-Mitsubishi UFJ, the nation’s largest bank, the number of customers who visit its brick-and-mortar branches has dropped 40% in the past decade, while the number of internet banking users has risen 40% in the last five years.
The mismatch is becoming difficult to overlook for an industry bearing the twin burdens of low growth and low interest rates. With a shrinking population, the fall in customer numbers is only expected to accelerate. Yet the number of bank branches in Japan has changed little in the past 10 years, at around 13,500. With each branch typically staffed by about 30 clerks, shrinking or eliminating them will mean cutting a lot of positions.
asia.nikkei.com
REQUEST FOR PARTICIPATION – India-Viet Nam Business Forum
To
– Managing Committee Members
– Patron Members
– Promoter Chambers
– Corporate Associates
– Associated Chambers
– Ordinary Members
REQUEST FOR PARTICIPATION
India-Viet Nam Business Forum
In Honour of
H.E. Tran Dai Quang
President of the Socialist Republic of Vietnam
India-Viet Nam Business Forum
In Honour of
H.E. Tran Dai Quang
President of the Socialist Republic of Vietnam
Saturday, 3 March, 2018
Dear Sir/Madam,
We are happy to inform you that, in association with Ministry of External Affairs ASSOCHAM is Co-Organizing a Business Summit on the visit of His Excellency Tran Dai Quang, President of the Socialist Republic of Vietnam .This high powered business delegation comprises of 100 officials and Business delegates from Vietnam.
The Programme details are as follows:
Day/Date: Saturday, 3 March, 2018
Time: 1:30 PM (Registration) (Followed by Hi-Tea)
Venue: Durbar Hall, Taj Diplomatic Enclave, Sardar Patel Marg, New Delhi.
Day/Date: Saturday, 3 March, 2018
Time: 1:30 PM (Registration) (Followed by Hi-Tea)
Venue: Durbar Hall, Taj Diplomatic Enclave, Sardar Patel Marg, New Delhi.
India-Vietnam relations have been exceptionally friendly and cordial since their foundations. Bilateral trade between India and Vietnam has seen continuous growth over the past many years. India is now among the top ten trading partners of Vietnam, total trade between the two countries during April–Nov of fiscal year 2016-2017 was US$ 6244.92 million. The two sides agreed to set the target of bilateral trade at USD 15 billion by 2020.
The upcoming event is expected to further expand the cordial and cooperative relationship between India & Vietnam and build on the strong ties of friendship and trust between the two.
In view of the importance of this visit, we request you to kindly consider participate in the event.
Please send us your confirmation for participation to:
Mr. Abhishek Kumar
Executive- International Affairs, ASSOCHAM
E: abhishek.kumar@assocham.com
T: 011-46550555,Ext-632 M: +91-7011074028
Executive- International Affairs, ASSOCHAM
E: abhishek.kumar@assocham.com
T: 011-46550555,Ext-632 M: +91-7011074028
Since the time is short, we look forward to your confirmation latest by 28th February, 2018
Please Note:
• Invitation Card is non-transferable.
• Please bring the Invitation Card and Envelope with you.
• Guest identification liable to be cross checked even after passing through metal detection.
• Please do not bring any weapon, briefcase, handbag, attache, camera, radio, transistor, tape recorder, remote car keys, binocular etc, or any other electronic item with you. These will not be permitted inside the venue. Organizers and the venue staff will not be responsible for any such belongings.
• Eatables and water will not be allowed inside the venue.
• Please be seated before 2.30 P.M.
• Please carry original photo ID issued by the Government (Driving License / Pan Card / Voter Card / Passport). No other photo ID card shall be entertained.
• Please bring the Invitation Card and Envelope with you.
• Guest identification liable to be cross checked even after passing through metal detection.
• Please do not bring any weapon, briefcase, handbag, attache, camera, radio, transistor, tape recorder, remote car keys, binocular etc, or any other electronic item with you. These will not be permitted inside the venue. Organizers and the venue staff will not be responsible for any such belongings.
• Eatables and water will not be allowed inside the venue.
• Please be seated before 2.30 P.M.
• Please carry original photo ID issued by the Government (Driving License / Pan Card / Voter Card / Passport). No other photo ID card shall be entertained.
In case you are also requested to sponsor the event, please free feel to let us know.
With Kind Regards,
Yours Sincerely,
Deepti Pant
DIRECTOR
HEAD – International Affairs
The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
“The Knowledge Chamber: Serving the Nation since 1920”
5, Sardar Patel Marg, Chanakya Puri, New Delhi-110021
T: +91-11-46550550 F: 23017008/9
W: www.assocham.com
E: international@assocham.com
DIRECTOR
HEAD – International Affairs
The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
“The Knowledge Chamber: Serving the Nation since 1920”
5, Sardar Patel Marg, Chanakya Puri, New Delhi-110021
T: +91-11-46550550 F: 23017008/9
W: www.assocham.com
E: international@assocham.com
Interaction with H.E. Iztok Mirošic, Deputy Minister Slovenia
Interaction with
H.E. Iztok Mirošic, Deputy Minister of Foreign Affairs, Republic of Slovenia
H.E. Iztok Mirošic, Deputy Minister of Foreign Affairs, Republic of Slovenia
6 March 2018: CII Headquarters, New Delhi
Mr Iztok Mirošic, Deputy Minister of Foreign Affairs, Republic of Slovenia, will be leading a Slovenian business delegation to New Delhi from 5-6 March 2018. The delegation will have a special focus on Construction & Engineering, Automobile Components and ICT.
During their visit, Confederation of Indian Industry (CII), in cooperation with the Embassy of Slovenia, is organising an Interactive session on 06 March 2018 from 1430 – 1545 hrs at the CII Headquarters, The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi.
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