Prime Minister Narendra Modi inaugurated the Tata Advanced System (TASL)-Airbus facility in Vadodara, marking a significant step in India’s defense manufacturing ambitions. This facility, the first private sector final assembly line for military aircraft in India, will produce C-295 transport aircraft and further strengthen the India-Spain relationship. The event also saw PM Modi pay tribute to the late Ratan Tata, highlighting his pivotal role in shaping India’s industrial landscape.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez will jointly inaugurate the Tata Advanced Systems Ltd (TASL)-Airbus factory in Vadodara on October 28th. This significant event marks a key milestone in India’s ‘Make in India’ initiative, boosting indigenous aircraft manufacturing capabilities and strengthening India’s defense sector. The inauguration follows a groundbreaking agreement between India and Airbus Defence and Space to produce C-295 transport aircraft, a move set to revolutionize the country’s aviation landscape.
C K Venkataraman, the Managing Director of Titan Company, received a total remuneration of Rs 12.50 crore for the financial year 2023-24, including a variable pay of 500 per cent of his annual salary. The IIM Ahmedabad alumnus has been with the Tata-backed company since 1990 and has over 30 years of experience in the industry. His leadership has seen the company’s consolidated revenue grow from Rs 21,052 crore in FY 2019-20 to Rs 51,084 crore in FY 2023-24.
