International, Defence and Summits · 21 February 2026
TVS Supply Chain Solutions and ALA Group sign MoU to target India’s $28 billion aerospace and defence market
Exam-focused facts from the 21 February 2026 current affairs briefing.
Key facts
- TVS Supply Chain Solutions (TVS SCS) signed an MoU with Italy-based ALA Group to jointly pursue opportunities in India’s aerospace and defence supply chain sector.
- India’s aerospace and defence market is estimated at around $28 billion.
- TVS SCS will leverage its domestic presence and UK defence experience; its aerospace, defence and utilities business generates approximately $140 million in annual revenue.
- ALA Group reported revenues of $345 million in 2024 and will contribute aerospace and defence domain expertise, global technology platforms and OEM relationships across Europe, the US and the UK.
- The partnership will focus on integrated production and aftermarket services including production support, spare parts distribution, inventory optimisation, defence-grade logistics, logistics engineering, and MRO support.