The most influential people of our country are fond of bounteous belongings which can be observed from the luxurious assets they have their hands on. These gentlemen own extravagant private jets as a crown-jewel.
Lakshmi Mittal- ArcelorMittal
Captain of Steel Industry, Lakshmi Mittal, travels to three countries in a day in his Gulfstream G550 which is considered as Rolls-Royce of private jets. The airship caters eight passengers at a time whilst can reach to the speed of 675 miles per hour. Additionally, it is equipped with military-style “heads-up” display technology that allows pilots to take their eyes off the control panel.
Atul Punj- Punj Lloyd
Atul Punj, a global business tycoon and Chairman of Punj Lloyd Group has a private jet that can accommodate two beds, shower facility and an ostentatious living room, a Gulfstream IV. The craft has an aerodynamically and structurally improved wing with 30 per cent fewer parts, for a $ 2 billion worthy entrepreneur.
Vijay Mallya- Kingfisher Airlines
Alcohol King, Vijay Mallya , owner of Kingfisher Airlines has reserved incomparable A319 ACJ for himself for which he gave away whopping $40 million just for retro-fitting and fireproofing upholstery. The sumptuous plane is designed to welcome 24 people on board and fly to US or UK with a single refueling halt. Apart from A319 ACJ, Mallya also acquires a GulfStream, a Hawker and a Boeing 727, a model which is also used by French and Brazilian state heads.
Gautam Singhania- Raymond Group
Gautam Singhania, chairman of Raymond Group, is renowned for his passion towards fast cars, lavish yachts, nightclubs and jets. He possesses a Challenger business jet and a helicopter which is designed by International aircraft interior designer Eric Roth, who has given exquisite interiors to Singhania’s private jet. An advanced Collins ProLine IV EFIS avionics system with colour displays, and enhanced fuel tankage are intrinsic to Challenger’s aspects.
KP Singh- DLF Group
The VIP of Real estate industry, KP Singh of DLF Group acquires a Gulfstream IV of utmost characteristics as it implicates Rolls-Royce Tay turbofans which take care of less fuel consumption and noise pollution.
EPC giant Punj Lloyd recently announced winning an infrastructure project worth Rs 308 crore in the United Arab Emirates, Dubai.
Punj Lloyd bags Rs 308 crore infrastructure project in Dubai Punj Lloyd bags Rs 308 crore infrastructure project in Dubai.
Punj Lloyd has received the contract by Front Line Investment Management Co. LLC, a subsidiary of Damac Properties Development LLC, for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen master development offering a luxury lifestyle at the heart of nature in Al Yufrah 2, Dubai.
Speaking on this win, Shantanu Karkun, President and CEO, Buildings & Infrastructure, Punj Lloyd said, “Dubai is today synonymous with luxury and it is our privilege to win this contract for a premium luxury development. The Akoya Oxygen community will have the region’s first rainforest and will be fully completed before EXPO 2020. Punj Lloyd Group has delivered several luxury spaces including the Jumeirah Islands Villa in Dubai, the Four Seasons Hotel in Singapore and the many integrated iconic entertainment resorts in Singapore.”
Only 25 minutes from the center of the city along the Umm Suqeim Expressway and spread over 55 million square feet, Akoya Oxygen is a breathtaking community offering cleaner air, naturally cooler temperatures and a carefully designed master plan and road network system to reduce pollution, with dedicated spaces for bicycles and hybrids.
The community will feature a selection of opulent homes set within endless green with 18-hole championship golf course, luxurious five-star hotel as well 2,000 hotel apartments, luxury Retail Strip (Vista Lux) encompassing 1 million square foot entertainment and retail district featuring a waterway and more than 1.5 km of the walkway.
With this win, the Group’s order backlog stands at INR 25,708 crore. The order backlog is the value of unexecuted orders on December 31, 2015, plus new orders received after that date.
Engineering Procurement Construction major Punj Lloyd has been providing cutting edge integrated design and project management services to the energy and infrastructure sectors. The company has been one of the globally acknowledged conglomerates, with its foray into aviation, defence and upstream, with its subsidiaries and joint ventures. Under its defence sector, the company has bagged the following registrations:
- Ordnance Factory Board – Machining and integration of parts for artillery guns, armored fighting vehicles and small arms
- Gun Carriage Factory Jabalpur – Manufacturing of 155 mm Howitzer parts
- Heavy Engine Factory, Avadi – Precision machining and integration of power packs for T-72 and BMP
- HAL Kanpur – Precision machining of parts for Aero components for intermediate jet trainer, Dornier aircraft and MTA
- HAL Nasik – Precision machining of parts for Aero components for Su30
- HAL Koraput – Precision machining of parts for aero engine components
- HAL Bangalore – Precision machining of parts for Advance Light Helicopter
- DLW Varanasi – Precision machining for locomotive engines (Indian Railways)
A new business venture by Jetsmart with an amazing concept is making errands in the aircraft industry, in other words, the idea is to capitalize on the downtime as well as return journeys of private jets and helicopters which are approximate 100 and 150 in number respectively, when they usually travel without any passengers. The company commits to fly over 1200 cities within the country including Vellore-Mumbai, Kozhikode-Chennai, and Surat- Jaipur.
To knock-down empty jets would be of significant benefit to both the involved parties as aircraft owners need to ensure a certain number of flying hours every month to keep their licences and luxury at affordable prices for those who wish to travel in comfort and privacy. The charges to be paid by passenger amounts to only a fraction of cost i.e. not more than Rs. 60, 000 for a one- way seat on an aircraft where flying time is expected to be almost two hours for almost 1,200 km journey. Though the names of all companies which have readied to sign up are still wrapped in covers yet the confidence is laid upon Punj Lloyd Private Jet and airships of Reliance, Tatas, DLF, GMR and Jindals.
Abrar Ahmed, Dubai-based investor, who has made a substantial investment in Bengaluru-headquartered private air travel venture Jetsmart holds strong sentiment for this project due to its peculiarity and cost-effectiveness, accordingly, aims to help air charter operators expand their charter and non-scheduled operations.
Besides Tata and Mahindra, several other firms that have jumped into the arms race such as Larsen & Toubro, HCL, Reliance, Rolta, Bharat Forge, Titagarh Wagons, Pipavav Defence and Punj Lloyd.
Over 1,300 Pilatus PC-12 planes have been sold worldwide
This defence ecosystem is not just important to woo international defence firms but also to win big Indian defence contracts. So far, these contracts have benefited government-owned companies like Hindustan Aeronautics, Indian Ordnance Factories and Bharat Electronics that have gone on to be ranked 41, 58 and 81 among the largest arms producing companies in the world respectively, according to a SIPRI report.
But things are changing. For the first-time ever, a joint bid by Larsen & Toubro, Tata and HCL is in the race to develop battlefield communications in a project baptised Tactical Communications System (TCS) estimated to be worth CHF1.5 billion. Another project open to private players involves developing India’s future infantry combat vehicle. Nine private companies have expressed interest in the project, estimated to be worth around CHF7.5 billion. Eventually, in the quest for more indigenisation, big defence projects will have to be opened up to the private sector and companies with a track record of delivering projects to international standards will be well-placed to win them.
The growing spat between Saudi Arabia and Iran following the execution of an influential Shia cleric could have repercussions for India, which has adopted a position of neutrality since it enjoys good relations with both countries.
As several of Saudi Arabia’s close allies curtailed their ties with Iran, the kingdom’s foreign minister Adel Bin Ahmed al-Jubeir flew into Islamabad this week to seek Pakistan’s support in the standoff.
The Saudi-Iran tension, with the underpinning of a Sunni–Shia divide, is especially worrying for India since the Gulf region has vital economic and strategic significance for the country.
Additionally, the rift could see many Gulf nations with a sizable number of Indian expatriates picking sides. The region has seven million Indian nationals who account for about $40 billion of the $70 billion that India receives in remittances annually.
Saudi-Iran spat likely to have a significant impact on India
“We have friendly relations with both countries and we would hope they are able to resolve the differences in a peaceful manner and international norms in terms of protection of diplomats are adhered to by both sides” said Vikas Swarup, the spokerperson of the ministry of external affairs.
Saudi Arabia has the maximum number of Indian passport-holders outside the country. But with oil prices falling and Saudi Arabia grappling with mounting unemployment for people under 30 who constitute 70% of its population, there are concerns that the kingdom will not remain a key employment destination for Indians for long.
India also enjoys robust security cooperation with Saudi Arabia, which has deported several most wanted terrorists such as Abu Jundal, linked to the Mumbai attacks case. Although such steps
do not in any way diminish the strategic partnership between Saudi Arabia and Pakistan, the growing security cooperation is of vital significance for India.
In the case of Iran, a sanction-free Tehran is India’s best bet in the region to advance its strategic interests, particularly with respect to Afghanistan.
Iran also holds the key for India’s ambitious connectivity plans for the oil and gas-rich Central Asian republics and to provide land-locked Afghanistan access to the sea via Iran’s Chabahar port, bringing down Kabul’s dependence on Islamabad.
But the row could also lead to some positive developments for India, which imports more than three-fourths of its energy requirements, because oil prices, already near historic lows, could head further south.
Several major Indian companies including Larsen & Toubro, Tata Consultancy Services, Tata Motors, Wipro, Infosys, Punj Lloyd, Shapoorji Pallonji, Godrej & Boyce, Air India, Jet Airways and State Bank of India also operate in Saudi Arabia.
Indian exports to the kingdom include mineral fuels and oils, chemicals, iron and steel and electric machines.
Doing justice to its number 1 ranking in proving end-to-end services from concept to commissioning, Punj Lloyd has established a world class facility in collaboration with suitable partners to develop as well as deliver communication and network solutions and tactical communication networks.
The company has established Battlefield Management Systems, Surveillance systems, and Sighting Systems along with Radar, Avionics, Sensors and Ruggedised Electronic Equipment and Parts.
Punj Lloyd Engineering offers Engineering and Design services for all disciplines under one roof. The company caters to Plant, Product & Infrastructure sectors and has experience of working throughout the EPC, PLM and AEC life cycles.
Punj Lloyd has a matrix organization structure where each discipline is a center of excellence. This allows fostering of domain expertise, engineering talent and practice development. The project teams are responsible for resource mapping, planning and control, financial management and customer interface.
Punj Lloyd provides end-to-end services and thus, has capabilities to provide services during all the stages of the product life-cycle starting from concept design, analysis and simulation, design and detailing, manufacturing, up to after sales support.