Defence Minister Rajnath Singh Approves Execution Of New Fighter Jet Programme
The Aeronautical Development Agency (ADA) is set to execute the programme through Industry partnership.
In a significant push towards enhancing India's indigenous defence capabilities, Defence Minister Rajnath Singh has approved the 'execution model" to implement a mega project to develop a fifth-generation deep penetration advanced medium combat aircraft for the Indian Air Force.
The Aeronautical Development Agency (ADA) is set to execute the programme through Industry partnership.
Taking to X, the Defence Ministry wrote, 'Rajnath Singh has approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model. Aeronautical Development Agency (ADA) is set to execute the programme through Industry partnership."
The step was further termed important 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.
In a significant push towards enhancing India's indigenous defence capabilities and fostering a robust domestic aerospace industrial ecosystem, Raksha Mantri Shri @rajnathsingh has approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model. Aeronautical… pic.twitter.com/28JEY123M5 — रक्षा मंत्री कार्यालय/ RMO India (@DefenceMinIndia) May 27, 2025
The Cabinet Committee on Security, led by Prime Minister Narendra Modi, had given in-principle approval to the fighter jet programme last year.
The initial development cost of the project has been estimated at around Rs 15,000 crore.
The IAF has been pushing for the AMCA project in view of its long-term requirement.
India's confidence in the development of the AMCA saw a significant jump after the development of the Light Combat Aircraft (LCA) Tejas.
First Published:
May 27, 2025, 12:20 IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
7 minutes ago
- Indian Express
HDB Financial Services share price sinks 3% after Q1 earnings
HDB Financial Services Share Price: Shares of HDB Financial Services Limited fell around 3 per cent on Wednesday (July 16). Shares of HDB Financial Services settled at Rs 816.05 apiece on NSE. On BSE, the shares of HDB Financial Services declined 3.13 per cent to settle at Rs 814.75. On Tuesday, HDB Financial Services reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year. Its net profit was at Rs 582 crore during April-June quarter of 2024-15, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing. The company said its net total income was at Rs 2,726 crore as on June 30, 2025, compared to Rs 2,387 crore as on June 30, 2024, a growth of 14.2 per cent. Its asset under management (AUM) was Rs 1,09,690 crore as on June 30, 2025, up 14.7 per cent from the year-ago period. As on June 30, 2025, HDB Financial Services said its net interest income stood at Rs 2,092 crore, compared to Rs 1,768 crore in the year-ago period, a growth of 18.3 per cent. HDB Financial Services Limited is a component of the BSE IPO. According to the BSE analytics (as of July 16), shares of HDB Financial Services gave negative returns of 3.08 per cent and 3.11 per cent in the last 1 week and 2 weeks, respectively. Shares of HDB Financial Services Ltd listed on NSE and BSE on July 2. It got listed with a premium of nearly 14 per cent against the issue price of Rs 740. The company's stock began trading at Rs 835, a 12.83 per cent jump from the issue price on the BSE. At the NSE, shares of the firm were listed at Rs 835. The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding. The mega initial public offer (IPO) had a price band of Rs 700-740 per share.
NDTV
7 minutes ago
- NDTV
Insurers In India Race To Tie Up With Tesla Amid EV Boom
New Delhi: Elon Musk's electric vehicle (EV) giant has come to India, but a bigger question that people are asking is who will be the insurance provider for the American auto maker? Acko has been named as Tesla's preferred insurer in India, sources said. Bajaj Allianz and ICICI Lombard, however, are also hot in the race to get into tie-ups with Tesla for insurance for their India vehicles, people with direct knowledge of the matter said. The talks are in early stages and no terms have been finalised yet, they said, adding the insurers are pitching for non-exclusive tie-ups with Tesla. The decision will depend on Tesla's insurance department working out of the company's Hong Kong or Singapore offices, sources in the EV maker said. Tesla will need to get a motor insurance service provider licence from the Insurance Regulatory and Development Authority of India (IRDAI), which will take some months, sources said. It is only after Tesla gets the licence that it will be able to sign proper tie-ups with insurance firms, they said. Comments from Bajaj Allianz and ICICI Lombard are awaited. Tesla made its much-awaited entry into India on Tuesday with the launch of its Model Y at a starting price of Rs 59.89 lakh. The company's first experience centre is in Mumbai. The Model Y will be imported to India as completely built units (CBU) from its manufacturing facility in China's Shanghai. The mid-sized electric SUV Model Y will be offered in India in two variants -- rear wheel drive with base price at Rs 59.89 lakh, and long-range rear wheel drive at a base price of Rs 67.89 lakh. The deliveries are likely to begin in the third and fourth quarter of 2025, respectively, for the two variants. Initially, registration and delivery will start in Delhi, Mumbai, and Gurugram, the company said, adding that through its Tesla Design Studio, customers will be able to customise their Model Y exterior, interior, and even its features.
NDTV
7 minutes ago
- NDTV
Madhya Pradesh's U-Turn On 90-Degree Bridge Blunder
After a public outcry over bizarrely angled designs - a bridge with two 90-degree turns in Indore and a flyover in Bhopal that looked more like an origami experiment - the Public Works Department (PWD) of the Madhya Pradesh government hit the brakes. They issued a new circular, saying no project has been halted after it scrapped the General Arrangement Drawings (GADs) of 355 projects, including 140 under-construction flyovers, railway overbridges (ROBs), and elevated corridors worth Rs 1,200 crores. As the engineers and contractors were preparing to halt the construction of these projects, the PWD decided to re-engineer its own decision. The department revoked the order, claiming it was a "mistake." Chief Engineer PC Verma, who had earlier signed the cancellation, said, "The order was issued by mistake." Meanwhile, a new circular states no project has been halted. The department said it was only tightening bolts on quality control and technical oversight, not slamming brakes on construction. The PWD has sought a detailed report from all districts (PWD offices) about the actual status as well as the design of all existing and proposed bridges. In response to growing criticism, the state formed a high-level technical committee. This committee will now examine every nook, curve, and angle of all existing and under-construction flyovers and railway overbridges. From design and alignment to height, speed limits, and safety norms - nothing will get through without a solid pass. This panel includes PWD's Chief Engineer (Buildings and Roads), Chief Engineer (Setu Parikshetra), Madhya Pradesh Road Development Corporation's (MPRDC) Chief Engineer, and officials from the Railway and the Municipal Corporation. Experts from outside the government may also be called in. Additionally, the government has mandated departmental exams for engineers. Executive Engineers, AEs, and Sub-Engineers must appear for tests after August 15, and their postings will now depend on their marks. They also appointed a Technical Advisor of MPRDC to collaborate with the Indian Academy for Highway Engineering to develop a training module for engineers, who will now have to study Indian Roads Congress (IRC) codes and Ministry of Road Transport and Highways (MoRTH) guidelines. Two weeks ago, Chief Minister Mohan Yadav ordered action against those responsible for the infamous 90-degree Aishbagh ROB in Bhopal. Eight engineers, including two Chief Engineers, were suspended; a departmental inquiry is also being initiated against a retired Superintending Engineer. The construction agency and the design consultant behind the faulty blueprint have been blacklisted, and the bridge will only be inaugurated post-correction.
