- Mahindra to roll out 1st aircraft by March
- RIL complains over red tape
- Vodafone says ok with Essar IPO
Mahindra to roll out 1st aircraft by March
Mahindra Aerospace Pvt. Ltd, a Mahindra group company, is likely to roll out its first aircraft by March this year.
“We are hopeful of rolling out our first indigenous small aircraft by March this year. But we should make sure that the aircraft is properly certified for airworthiness standards, “Mahindra and Mahindra's president (systech sector), Hemant Luthra, said on the sidelines of an event in Mumbai.
Mahindra Aerospace is developing a five-seater and eight-seater version of the small aircraft for the Indian market at its Bangalore facility, Luthra said.
RIL complains over red tape
With bureaucratic red tape threatening to derail its oil and gas hunt campaign, Reliance Industries Ltd has complained to the oil secretary, S. Sundareshan, saying even routine matters is stuck for review/approval for months.
RIL executive director P.M.S. Prasad wrote to the oil secretary, listing out a long list of operational issues at its oil and gas producing and exploration sites that have not been given approval for months.
“Of late, we have been facing major difficulties in getting even routine proposals reviewed/approved”, he wrote. “You will appreciate that such delays impact production sharing contract schedules for exploration, appraisal and development programmes”.