Melstarr to Launch Rs 3 Bn Aviation Training Hub in Karnataka

13 May 2025 CW Team

Melstarr Aviations Tech, a wholly owned subsidiary of Melstarr Information Technologies, has announced its entry into the aviation training sector with plans to establish a modern Flight Training Organisation (FTO) in Karnataka.

The company has committed an initial investment of Rs 3 billion, making it one of the largest private sector ventures in India’s pilot training industry. According to Tarun Kashyap, Chief Operating Officer of MATPL, the first phase will see Rs 1 billion invested, with the remainder to be scaled up over the next three years.

The Karnataka-based FTO will offer training on next-generation aircraft, immersive flight simulators, and a globally benchmarked curriculum. Designed to create a pool of highly skilled aviation professionals, the facility is expected to generate between 60 and 100 direct jobs and begin phased operations in 2025.

In February, the company signed a Memorandum of Understanding (MoU) with the Government of Karnataka, aligning with the state’s vision to strengthen India’s aviation training ecosystem and reduce reliance on overseas pilot training.

The facility will cater to aspiring pilots, airlines, corporates, and government agencies. Course offerings will include Commercial Pilot Licence training, recurrent certification, and programmes compliant with DGCA and global standards.

Melstarr Aviations Tech aims to position India as a global aviation education hub by leveraging cutting-edge technology, strategic partnerships, and robust infrastructure to deliver world-class flight training.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..