
Union Defence Minister approves AMCA programme execution model to boost indigenous aerospace industry
According to MoD's statement, in a significant push towards enhancing India's indigenous defence capabilities and fostering a robust domestic aerospace industrial ecosystem, Defence Minister Rajnath Singh has approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model.
The Aeronautical Development Agency (ADA) is set to execute the programme through industry partnership.
The Execution Model approach provides equal opportunities to both the private and public sectors on a competitive basis. They can bid either independently or as a joint venture, or as consortia. The entity or bidder should be an Indian company compliant with the laws and regulations of the country, the statement said.
This is an important step towards harnessing the indigenous expertise, capability and capacity to develop the AMCA prototype, which will be a major milestone towards Aatmanirbharta in the aerospace sector.
ADA will shortly issue an Expression of Interest (EoI) for the AMCA Development Phase, the statement added.
Earlier reports indicate that India is actively encouraging private sector involvement in the indigenous fifth-generation AMCA project to ensure its timely completion, even as the US pushes to sell its F-35 fighter jets to the country.
A Defence Ministry committee led by Defence Secretary Rajesh Kumar Singh, with members from the Indian Air Force and Hindustan Aeronautics Limited (HAL), has been formed to explore ways to enhance private sector participation in the project.
The committee is considering multiple models, including joint ventures between HAL and private firms, or having private companies partner in the design and development phases. Given HAL's extensive experience in aerospace manufacturing, its involvement remains central to the project.
Currently, HAL outsources significant portions of work for fighter jets to private companies like L&T, Godrej, and Azad Engineering. Among private players, the Tata Group has some experience in aircraft integration, working with Airbus on assembling C-295 transport aircraft in India.
A full-scale model of AMCA, designed by ADA for the Indian Air Force, was showcased at Aero India 2025, held in Bengaluru from February 10 to 14. This 25-ton aircraft will feature manned and unmanned teaming capabilities, enhanced by artificial intelligence (AI) technologies.
The AI-powered electronic pilot includes multi-sensor data fusion for better situational awareness, a pilot decision support system, an automatic target identification system, and a combined vision system for navigation under poor visibility conditions.
According to ADA, the integration of AI will significantly advance the AMCA's operational capabilities, making it one of the most advanced fifth-generation fighter aircraft globally. (ANI)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
24 minutes ago
- Indian Express
As Trump's fresh threats loom, India still has a slight tariff edge over China but loses advantage with Vietnam
Despite fresh tariff escalation threats and the prospect of higher duties under the new regime announced by US President Donald Trump that could take effect from August 7, India continues to have a relative advantage on a key metric being tracked by policymakers in New Delhi – the tariff differential with China. As on August 1, China had the highest effective tariff rate (ETR) of the US's major trading partners, with India with a comparative advantage of around 20 percentage points. While tariffs on China remain at 34 per cent, the total ETR inclusive of the tariff rate at the end of 2024 came to around 42 per cent, according to Fitch Ratings' updated ETR Monitor that reflects the July 27 and July 31 announcements of new reciprocal tariff rates for most trading partners of the US. While India is slightly over 21 per cent, according to the latest data, the overall effective tariff rate for the US across all its trading partners is now 17 per cent — about 8 percentage points lower than Fitch's ETR Monitor of April 3, 2025, when higher reciprocal tariffs were originally announced, but around 3 percentage points higher than the estimate at the end of June 2025. The ETR represents total duties as a percentage of total imports and changes, with shifts in import share by country of origin and product mix. With Vietnam, though, India now has lost a slight advantage in ETR terms after additional tariffs kicked in, as against an advantage up to end-2024. This is despite Trump's rhetoric against transhipped goods and his administration's efforts to neutralise China's supply bases in ASEAN. And going forward, given Trump's frustration with India on not agreeing to his terms for a deal, this disadvantage is likely to fester. That is likely to be the case till Delhi gets a deal of some kind with Washington DC, but the situation could, however, change for the worse going forward, with Trump warning Monday that he would raise the tariff on India 'substantially' for buying Russian oil. Amid all the upheaval thrown up by America's tariff action, the assumptions that the Indian policymaker had implicitly factored in include that Washington DC will maintain a differential of 10-20 per cent in tariffs between China and countries such as India; and that a trade deal with the US needs to be clinched precisely for ensuring the gap in tariffs between India and China is maintained, even with a limited early-harvest type of deal. New Delhi did back out at the last minute from signing the Regional Comprehensive Economic Partnership (a trade deal among Asia-Pacific countries including China) given the sensitivities of agri livelihoods. A higher-than-anticipated US tariff rate, especially on a comparative basis, could dent India's growth prospects, economists said. Though Trump did not specify the rate of penalty for India on account of Russian oil and defence imports, earlier statements made by Trump indicate that it could be to the tune of 100 per cent. This way, India stands to potentially lose the US tariff advantage vis-a-vis China at least till the time a deal is struck, even if Beijing, too, faces the same penalty for importing from Russia. China is the largest buyer of Russian oil, at about 2 million barrels per day, followed by India (just under 2 million a day) and Turkey. China had agreed to cut tariffs on US goods to 10 per cent from 125 per cent in May, while the US had agreed to lower tariffs on Chinese goods to 30 per cent from 145 per cent. But with respect to Russian oil, Trump has been singling out India, while being largely silent on China. Given how talks between Indian and US negotiators have proceeded so far, an interim deal still seems distant and is unlikely to be clinched before September, with October a possible outer deadline. Indications are a sixth round of talks between the two negotiating teams will take discussions forward on August 25. India's government has asked it various ministries to come up with potential giveaways to sweeten the deal for the upcoming negotiations. Once the official level discussions wrap up, there is a sense that a final call on the deal could come down to a conversation between the two leaders, Prime Minister Narendra Modi and Trump. For India, the best-case scenario would be to get a deal of some sort now, and then build on that in the future negotiations that could run into 2026, experts said. The effective duty on Chinese products on a landed basis across US ports in commodity categories where Indian producers are reasonably competitive is being tracked constantly. The net tariff differential with India, and how that curve continues to move, is of particular interest here, given the belief that Washington DC would ensure a reasonable tariff differential between China and India. Officials said a 10-20 per cent differential is expected to tide over some of India's structural downsides — infrastructural bottlenecks, logistics woes, high interest cost, the cost of doing business, corruption, etc. US and Chinese officials wrapped up two days of discussions in Stockholm last week, with no breakthrough announced. After the talks, China's top trade negotiator Li Chenggang declared that the two sides agreed to push for an extension of a 90-day tariff truce struck in mid-May, without specifying when and for how long this extension kicks in. Anil Sasi is National Business Editor with the Indian Express and writes on business and finance issues. He has worked with The Hindu Business Line and Business Standard and is an alumnus of Delhi University. ... Read More

Mint
24 minutes ago
- Mint
Highway Infrastructure IPO day 1: GMP, subscription status, review, registrar, other details. Apply or not?
Highway Infrastructure IPO day 1: The initial public offering (IPO) of Highway Infrastructure Limited has opened today and will remain open until 7 August 2025. The Indian infrastructure company has declared the Highway Infrastructure IPO price band at ₹ 65 to ₹ 70 per equity share. The company aims to raise ₹ 130 crore from this fresh capital-cum offer for sale. The public issue is proposed for listing on the BSE and the NSE. Meanwhile, company shares are available in the grey market at a robust premium. According to market observers, Highway Infrastructure shares are available at a premium of ₹ 41 in the grey market today. This means today's Highway Infrastructure IPO GMP (Grey Market Premium) is ₹ 41. Bidding for the Highway Infrastructure IPO will begin at 10:00 AM today and will remain open until 5:00 PM on each bid date. 1] Highway Infrastructure IPO GMP today: According to market observers, shares of the company are available at a premium of ₹ 41 in the grey market today. 2] Highway Infrastructure IPO price: The infrastructure company has declared a price band of ₹ 65 to ₹ 70 per equity share for the public issue. 3] Highway Infrastructure IPO date: Bidding for the public issue has opened today and will remain open until 7 August 2025. 4] Highway Infrastructure IPO size: The company aims to raise ₹ 130 crore from this public issue, of which ₹ 97.52 crore is aimed at the issuance of fresh shares. The rest, ₹ 32.48 crore, is reserved for the OFS route. 5] Highway Infrastructure IPO lot size: A bidder can apply in lots, and one lot of the public offer comprises 211 company shares. 6] Highway Infrastructure IPO registrar: Bigshare Services Pvt Ltd has been appointed the official registrar of the public offer. 7] Highway Infrastructure IPO allotment date: The most likely date for share allocation is 8 August 2025. 8] Highway Infrastructure IPO lead manager: Pantomath Capital Advisors has been appointed lead manager of the public issue. 9] Highway Infrastructure IPO listing date: The most likely date for the share listing is 12 August 2025. 10] Highway Infrastructure IPO review: Assigning a 'subscribe' tag to the public issue, Shivani Nyati, Head of Wealth at Swastika Investmart, said, "At the IPO upper band, the valuation stands at 18.06x FY25 earnings, with a post-issue market capitalisation of ₹ 5,020 million; the IPO is considered fully priced. The company's order book stands strong at ₹ 6,663 million as of May 2025, mainly from EPC projects. The IPO is recommended as a "SUBSCRIBE – LISTING GAIN AND LONG TERM" for investors seeking exposure to India's infrastructure sector." On whether one should apply to the public issue or not, Gaurav Goel, Founder and Director at Fynocrat Technologies, said, "Highway Infrastructure Limited is backed by a robust order book of ₹ 6,200 crore and a strong track record in executing highway and bridge projects across India. Profitability has improved in recent years, with PAT rising to ₹ 22.4 crore in FY25, while return ratios remain healthy. The company has also managed steady deleveraging, reducing its debt-equity ratio to 0.61 in FY25." However, Goel said that EBITDA margins remain modest at 6–7%, significantly below larger peers, and the IPO valuation at ~30x FY25 earnings appears demanding for a company of this scale. While the fundamentals are stable and sector tailwinds remain supportive, better value exists among established peers with stronger profitability. "The IPO offers an opportunity for near-term gains on the back of sector momentum and balance sheet strength, though long-term investors may prefer larger peers trading at more attractive valuations," Gaurav Goel of Fynocrat Technologies said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Hans India
26 minutes ago
- Hans India
Indian gamers are no longer just students
Bengaluru; A new nationwide study released by Indian electronics brand Kreo has revealed a major shift in the country's gaming landscape, with more than 35% of gamers now comprising working professionals, including engineers, entrepreneurs, creators, and marketers. Women above 35 are emerging as one of the fastest-growing gamer demographics, the study notes. Titled 'How India Games', the report draws on responses from over 5,900 gamers across the country, providing one of the most detailed portraits of the Indian gaming community to date. It comes amid rapid growth in the sector — a recent WinZO–IEIC report projected India's gaming market to more than double to $9.1 billion by 2029. Among the key insights: • India's gaming population is growing at an annual rate of 16%. • While 94% of gamers are still men, women above the age of 35 are entering the space in large numbers. • 73% of female gamers admitted to concealing their gender online, citing experiences of harassment — yet many are leading and building new communities. • Mobile phones remain the dominant gaming device for 88% of players, even among multi-platform users. • Over half of all gamers express an active interest in creating content or joining the esports industry, suggesting growing ambitions around gaming careers. Interestingly, while most Indian parents still consider gaming a 'waste of time,' around 10% have begun playing alongside their children, suggesting a generational softening of attitudes. 'Gaming was an escape for me growing up,' said Ishan Sukul, Co-founder and CEO of Kreo. 'Today, it's how millions of Indians connect and express themselves. Through this report, we wanted to understand gaming not just as a hobby, but as a response to deeper cultural shifts — including loneliness and mental health.'