Govt imposes fine on US firm over delays in delivery of Tejas Mk1 engines

Quick Summary:

Initially, GE Aerospace was expected to begin engine deliveries in March 2023 to support HAL's production of Tejas Mk1.

The central government has imposed financial penalties on US-based GE Aerospace, according to a report in The Financial Express.

The GE-HAL partnership holds significant value as India works to transform itself into a self-sufficient defence manufacturing hub.

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Category: BusinessFinance

Markets: IndiaFranceIsraelUnited States

Topics: Light Combat Aircraft Military strategy US-India defence cooperation Tejas Mk1 Indigenisation programme Aerospace manufacturing Defence penalties Make in India initiative GE Aerospace Defence procurement Supply chain disruptions F404-IN20 engines HAL Aerospace partnerships Engine delivery delays

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 16:35:45 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 548 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23393721

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