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Who appointed as the new chairman of Tata Advanced Systems?
A)
Nilanjan Roy
B)
Aparna Iyer
C)
Naushad Darius
D)
Banmali Agarwal

Correct Answer :   Banmali Agarwal


Tata Sons has appointed Banmali Agarwal as the new chairman of the group’s aerospace and defense solutions unit Tata Advanced Systems (TASL).

Banmali Agarwal has been appointed in place of Vijay Singh, Who have retired. Aggarwal is also a senior advisor to Tata Sons and chairman of Tata Electronics. Vijay Singh is the Vice Chairman of Tata Trust.

Tata Advanced Systems Limited (TASL), a wholly owned subsidiary of Tata Sons, is the strategic aerospace and defense arm of the Tata Group. TASL is both an operating and holding company.

By 2018, Tata Sons had brought some of the group’s entities under a single defense vertical. Group companies like Tata Power SED, TAL Manufacturing, Tata Advanced Materials and the defense division of Tata Motors were consolidated into TASL.

Focus on making defense systems and equipment :

The company is now building its execution skills to bid for big defense contracts from the government, which plans to manufacture defense systems and equipment under its ‘Make in India’ scheme with technical help from foreign defense equipment manufacturers. Has been.


Partnership with Airbus :

TASL is focusing on growing the group’s defense business and is preparing to become India’s first private manufacturer of military aircraft. TASL has partnered with Airbus to manufacture 40 Airbus C295. The ₹21000 crore deal between TASL and Airbus to sell 40 Airbus C295 was approved by the Government of India in September last year.

Under this agreement, Airbus will sell 16 aircraft in fly-away condition within four years, while the remaining 40 will be manufactured and assembled by TASL at its new facility in Vadodara.

Published On : September 26, 2023
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