Jump in jet engine tech transfer, plans to procure MQ-9B drones
PM Narendra Modi before addressing the joint meeting of Congress in Washington on Friday. Reuters Listen to this article Jump in jet engine tech transfer, plans to procure MQ-9B drones A discussion with General Electric (GE) Aerospace, which started in 2012 over transferring 58 per cent technology to India for manufacturing jet engines, eventually took shape Thursday, with the former agreeing to transfer 80 per cent of the technology instead after hectic negotiations in the last few years, a top defence official said Friday. On Thursday, GE Aerospace signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) on Thursday to produce fighter jet engines for the Indian Air Force. The final deal is expected to be signed soon after approval from the US Congress and finalisation of commercial terms. “After 2014, there were ambitions of getting a higher percentage of technology transfer. Complete technology transfe...