Haveus Aerotech Signs MoU With Government

31 Mar 2026 CW Team

The company will commit resources to develop local manufacturing capacity and to support research and development programmes that target avionics components and systems. The government is expected to provide policy support and facilitate land allocation and regulatory clearances to enable rapid project rollout. Plans include training programmes intended to upgrade worker skills and to build a talent pipeline for advanced manufacturing roles. Stakeholders will convene periodic reviews to track progress and to address operational challenges.

The pact is presented as strategically important for strengthening the domestic supply base and for enhancing the competitiveness of the aviation sector. It is expected to reduce dependency on imports and to create opportunities for exports to regional markets. Technology transfer and collaboration on product development figure among the objectives and are intended to accelerate absorption of advanced manufacturing techniques. The arrangement is also positioned to support ancillary industries and to stimulate local economic activity.

Implementation will proceed in phases with an emphasis on securing necessary approvals and on establishing governance structures to oversee execution. A monitoring committee is expected to include representatives from both the company and government and to review milestones and deliverables at regular intervals. Observers note that success will depend on alignment of policy incentives and on sustained engagement with local industry. The pact is presented as a long-term initiative to drive regional development and industrial capability.

Haveus Aerotech has signed a memorandum of understanding with the state government to pursue collaboration in aerospace manufacturing and research and development. The agreement outlines a framework for establishing production facilities and testing infrastructure within the state. It also signals intent to integrate local suppliers into the company supply chain and to foster research partnerships with academic institutions. The memorandum frames the collaboration as part of broader efforts to build a domestic aerospace ecosystem. The company will commit resources to develop local manufacturing capacity and to support research and development programmes that target avionics components and systems. The government is expected to provide policy support and facilitate land allocation and regulatory clearances to enable rapid project rollout. Plans include training programmes intended to upgrade worker skills and to build a talent pipeline for advanced manufacturing roles. Stakeholders will convene periodic reviews to track progress and to address operational challenges. The pact is presented as strategically important for strengthening the domestic supply base and for enhancing the competitiveness of the aviation sector. It is expected to reduce dependency on imports and to create opportunities for exports to regional markets. Technology transfer and collaboration on product development figure among the objectives and are intended to accelerate absorption of advanced manufacturing techniques. The arrangement is also positioned to support ancillary industries and to stimulate local economic activity. Implementation will proceed in phases with an emphasis on securing necessary approvals and on establishing governance structures to oversee execution. A monitoring committee is expected to include representatives from both the company and government and to review milestones and deliverables at regular intervals. Observers note that success will depend on alignment of policy incentives and on sustained engagement with local industry. The pact is presented as a long-term initiative to drive regional development and industrial capability.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..