Bangalore-based Dynamatic Technologies delivered the first set of A330 wing components, produced jointly in their facilities in U.K. and India. The flap track beams for Airbus’ twin aisle A330 model are high tech guide rails fitted to the wings of the aircraft, which are crucial in controlling speed, direction and balance.
With sites in Swindon, Bristol and Bangalore, Dynamatic carries out its technical engineering design in the U.K. and it is India’s only Tier 1 supplier to Airbus, reports Defense-Aerospace.com.
Tom Williams CBE, Chief Operating Officer, Airbus said, “Airbus has fostered partnerships with India’s aviation industry for over 40 years, supporting the sector’s sustainable growth. The crucial role Dynamatic plays in manufacturing this major wing component means that India now shares in the success of this program.”
November 17, 2016 No Comments
Bangalore, India-based Forus Health, a medical devices startup, established its first wholly-owned subsidiary Forus Health Inc, in San Leandro, California.
The company hired Dr. Cliff Wright, formerly with Johnson & Johnson, Bausch + Lomb, as executive vice president for North America, and Armond T. Dantino, formerly with Johnson & Johnson and Germany-based Heidelberg Engineering, as senior director of sales and marketing for North American operations, reports the Economic Times.
Founded in 2010, Forus Health has deployed its flagship adult retinal imaging device, 3nethra classic, in 25 countries.The company is backed by Accel Partners, IDG Ventures and Asian Health Fund.
November 14, 2016 No Comments
Edinburgh-based Fusion Whisky Limited launched The Kincardine brand, a new Scotch and Indian whisky hybrid, made with whisky sourced from Scotland’s Glen Elgin and Macallan distilleries and India’s Amrut Distillery, based in Bangalore.
Kincardine honors Victor Bruce, the 9th Earl of Elgin and 13th Earl of Kincardine, who was Viceroy and Governor General of India from 1894 to 1899, who helped modernize India’s railways and link the cities of Bombay, Calcutta, Delhi, Karachi and Madras by rail.
Only 800 bottles of the Scotch and Indian hybrid will be released, which was blended by Bruce’s great-grandson Alex Bruce, master blender and managing director of Adelphi distillery in Fife, Scotland, reports Scotchwhisky.com.
November 10, 2016 No Comments
Following an Indian suppliers’ meeting in Bangalore on November 8, executives of Lockheed Martin spoke to defenseworld.net and said that they would look at starting the ‘Make-in-India’ manufacturing project with 12 F-16 jets a year going up to 36 at peak.
Randall L Howard, head of business development head for the F-16 platform and Abhay Paranjape, director, business development-India interacted with over 40 Indian entities who showed interest in being part of the F-16 manufacturing project.
The partnership with India is being discussed between the Indian the U.S. government and if the deal comes through as a foreign military sales agreement, then a certain number of aircraft would be sold to India under ‘flyaway condition’, and the rest would be manufactured in India. These jets would also be exported to markets in the Middle -East, Eastern Europe and Asia.
November 9, 2016 No Comments
GE Healthcare has launched an accelerator focused on startups creating technologies that can improve healthcare delivery in developing or low-resource settings. The company is offering as much as $5 million per startup, reports Business Wire.
John Flannery, president & CEO of GE Healthcare said, “Globally, it’s estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. Through five.eight, our goal is to fuel the greater global health ecosystem, partnering with social impact investors and global health startups, in order to maximize impact and outcomes for populations with the greatest need.”
In India – Acumen, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro – will be among the initial applicants for the first accelerator program. The first company signed on to join five.eight is Tricog, a Bangalore-based startup which uses cloud-connected ECG devices to improve access to quick, accurate and affordable diagnosis leading to significant mortality reduction. Through the program, GE Healthcare and each startup will focus on commercially scaling healthcare innovations for emerging economies.
October 18, 2016 No Comments