Latest news with #EOI
NDTV
a day ago
- Business
- NDTV
India Kick-Starts Process To Build 5th Generation Stealth Fighter Jet
New Delhi: India has kick-started the process to implement an ambitious project to develop a fifth generation stealth fighter jet to boost its air power. The Aeronautical Development Agency (ADA), an entity that operates under the defence ministry, has invited Expression of Interest (EOI) for developing prototypes of the aircraft. Under the project, the government plans to build five prototypes of the Advanced Medium Combat Aircraft (AMCA). India has been working on the ambitious AMCA project to develop the medium weight deep penetration fighter jet with advanced stealth features to bolster its air power capability. AMCA along with the Tejas light combat aircraft are planned to be the mainstays of the Indian Air Force. The ADA said the aim of the EOI is to shortlist Indian companies (owned and controlled by resident Indian citizens) who are technically capable of building the AMCA prototypes. In an official note, it said the applicant may be a single company, joint venture or a consortium of companies. It said reputed Indian companies having experience in the aerospace and defence sector with capability to absorb the design of AMCA will be shortlisted for the project. The shortlisted entity must possess the capability of setting up a manufacturing facility for series production of the aircraft, it said. The duration of the contract for development, prototyping, flight test and certification of AMCA shall not exceed eight years from the effective date of contract, the ADA said.
News18
a day ago
- Business
- News18
India Begins Process To Build, Produce Made-In-India Fifth Gen Fighter Jet, Invites Companies
Last Updated: The Aeronautical Development Agency has invited expressions of interest to develop and produce the fifth-generation fighter jet — the advanced medium combat aircraft Moving quickly after a nod from Defence Minister Rajnath Singh to involve private players, the Aeronautical Development Agency has invited expressions of interest from Indian companies to develop and produce the fifth-generation fighter jet — the advanced medium combat aircraft. The deadline fixed for the project is eight years. Indian companies – a single company, joint venture or consortium – can bid for this big project. 'The objective of this EOI is to shortlist Indian companies (owned and controlled by resident Indian citizens) who are technically capable for the development, building of prototypes, supporting flight test and certification of AMCA (advanced medium combat aircraft)," the EOI document stated. The Aeronautical Development Agency (ADA) will shortlist reputed Indian companies experienced in the aerospace and defence sectors with capability to absorb the design of AMCA. The agency is also looking for adequate experience in the field of development and engineering, manufacturing, equipping, integration, testing, quality management, customer support among others. It has specified that the shortlisted company must possess the capability of setting up a manufacturing facility for series production. On May 27, in a significant push to enhance India's indigenous defence capabilities and foster a robust domestic aerospace industrial ecosystem, Rajnath Singh approved the AMCA programme execution model. 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 self-reliance in the aerospace sector. First Published: June 19, 2025, 23:04 IST
News18
a day ago
- Business
- News18
Unin Defnece Minister Of India, Rajnath Singh Approves India's 5th Gen Stealth Fighter Jet
Unin Defnece Minister Of India, Rajnath Singh Approves India's 5th Gen Stealth Fighter Jet | News18 Last Updated:June 19, 2025, 18:19 IST Breaking News Videos | Aeronautical Development Agency invites EOI from Indian companies to develop and produce the fifth-generation Advanced Medium Combat Aircraft (AMCA). Project timeline set for 8 years.@AmanKayamHai_ shares more details@akankshaswarups | n18oc_breaking-newsNews18 Mobile App -
Business Recorder
a day ago
- Business
- Business Recorder
PIA sell-off: Fauji Fertilizer, Air Blue, and 3 consortiums submit Statements of Qualification
As Pakistan government proceeds with a fresh attempt to privatise the Pakistan International Airlines (PIA), Fauji Fertilizer, Air Blue, and 3 consortiums have submitted the Statements of Qualification (SOQs), showing their interest in acquiring a stake in the national carrier. The development comes as the deadline to submit SoQs for having 51% to 100% share capital of the Pakistan International Airlines Corporation Limited (PIACL) ended on Thursday. The Privatisation Commission (PC) received Expressions of Interest (EOI) from eight interested parties and five of them submitted SOQs by the deadline. The five interested parties include: Consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited Consortium comprising of Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited and Lake City Holdings (Private) Limited Fauji Fertilizer Company Limited Air Blue Consortium comprising Augment Securities & Investments (Private) Limited and Serene Air (Private) Limited, Bahria Foundation, Mega C&S Holding, Equitas Capital LLC 'The SOQs submitted by the parties will be evaluated by the Privatisation Commission against the prequalification criteria and the prequalified parties will proceed to the next stage where they will be given access to the virtual data room to undertake buy-side due diligence,' the PC said. The government restarted the PIA sale process with fresh EOI call in April this year, marking a renewed effort to offload its stake in the national carrier. It first set June 3 as deadline for EOI submission, but later extended it till June 19, with all terms and conditions remaining the same. It has been seeking to sell a 51-100% stake in the debt-ridden carrier, to raise funds and reform cash-draining state-owned enterprises (SOEs) as envisaged under a $7 billion International Monetary Fund programme (IMF). The government failed in the first attempt to privatise the PIA last year after receiving a single offer, well below the asking price of more than $300 million. Blue World City consortium refused to match the minimum expectation of the Privatisation Commission of Rs85.03 billion and stuck to its original offer of Rs10 billion for a 60% stake in the PIA, ending the bidding process of the national flag carrier's privatisation. With its plan to privatise a number of entities, the government has missed a modest target of collecting Rs30 billion through privatisation proceeds in the outgoing financial year 2024-25.
The Print
2 days ago
- Business
- The Print
No more monopoly: High-stakes contest for 5th-gen fighter begins, private players to take on HAL
The EOI issued by the Aeronautical Development Agency (ADA) aims to shortlist Indian Companies (owned and controlled by resident Indian citizens) for prototype development of AMCA. New Delhi: India has taken a major step towards developing its indigenous fifth-generation fighter jet, the Advanced Medium Combat Aircraft (AMCA), by inviting Expression of Interest (EOI) for its prototype development. The ADA says the applicant may be a single company, a joint venture or a consortium of companies, which are technically capable of developing and building the prototypes, supporting flight tests and certification of AMCA. It added that the requirement is that those applying should be reputed Indian companies experienced in the Aerospace & Defence sector, with the capability to absorb the design of AMCA and have adequate experience in the field of development & engineering, manufacturing, equipping, integration, testing, quality management, customer support. The shortlisted entity must possess the capability of setting up a manufacturing facility for series production. The duration of the contract for development, prototyping, flight test and certification of AMCA shall not exceed eight years from the effective date of contract, the EOI issued by ADA said. The last date for submission is 16 August. In a first-of-its-kind move, Defence Minister Rajnath Singh had, last month, approved the the execution model for the AMCA project which provides equal opportunities to both private and public sectors on a competitive basis. They can bid either independently or as joint ventures or as consortia. This means that no one entity will be considered as a natural choice and everyone will have to bid to win the contract. This implies that HAL, which has been the only entity in India to manufacture fighter planes, will have to compete against private companies, like TATA, Adani, L&T and other interested players to bag the contract to build the prototype, as reported by ThePrint earlier. This goes against the current practice, where HAL would have been the natural choice as the production agency, which would have then tied up with private players for manufacturing components and parts. The five prototypes of AMCA are set to be rolled out by 2031, and the series production is slated to start by 2035. The first prototype is expected to come out by 2028. The IAF plans to have seven squadrons of the AMCA, starting 2035. The development comes amid reports that China is expediting delivery of its fifth-generation fighter—J-35A—to Pakistan, which will widen the capability gap with the IAF. While in terms of pure numbers the IAF has more fighters, Pakistan has a higher mix of 4.5-generation fighter jets. China also unveiled what are claimed to be two sixth-generation fighter jets—Chengdu J-36 and Shenyang J-50—last December. (Edited by Viny Mishra) Also read: Stage set for Russian 5th-gen fighter Su-57 demo at Aero India 2025, F-35 to be on static display
