Embraer

India and China are circling Brazil’s Embraer after Boeing abandoned plans for a tie-up. This is seen as a one-off chance to rebalance India’s aerospace ambitions against strategic rival China.

R.K. Tyagi, ex-chairman of HAL said he had written to the govt urging it to move fast. “Any country with ambitions will look at this. I feel this is a good opportunity. Valuation is down and if we get control of a modern, proven aircraft programme, it is a big jump.”

Resistance to China, or India is unlikely from Brazil’s politicians. “But Bolsonaro does not want to be seen as the one who sold Embraer to the Chinese”.

Reuters: Embraer draws foreign interest after Boeing rift

Will India move fast? Or will we continue to spend on Statue-of-Unity, Bullet-train and Central-vista projects?

Petrobras: Brazil's Investment in the Future

In contrast to the Indian govt's empty showboating, the Brazilians have been forging ahead and down deep, in making deep investment's in their country's economic future through the exploitation of deep-ocean oil reserves.

Correction: Tata Denies Talks with Embraer

Well, it looks like the reports were false. Tata has said that it is not in talks with Embraer for any joint venture.
Too bad, as this would have been quite the vault forward for both Tata and India, if it had been true.
Oh well, you never know, some other Indian company might go that route.