New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
New Delhi: India has set a target of $5 billion defence exports by 2025 and to achieve this target, the Narendra Modi government has taken several steps and carried out reforms in the policy, enabling seven-fold growth in defence export authorisation in the last two years. The measures […]
New Delhi: India has established a joint venture between two state-run enterprises to produce 60,000 tonnes-a-year of high end aluminium alloy used in the strategically important aerospace, aviation and defence sectors. India’s defence ministry-run Mishra Dhatu Nigam Limited (MIDHANI) and mining ministry-run National Aluminium Company Limited (NALCO) have […]
New Delhi: India has set a target of $26-billion defence industry by 2025 and to achieve this target, the Narendra Modi government has taken several policy measures through the Ministry of Defence. Minister of State for Defence Shripad Naik told members of Parliament of India from the Council […]
Moscow: India’s Rajnath Singh and Russia’s General Sergei Shoigu met here today when the protocol was signed, an Indian government statement said. However, the details of the protocol were not made public. Here are the top eight takeaways from the bilateral meeting of the 19th India-Russia Inter-Governmental Commission […]
Moscow: India’s Minister of Defence Rajnath Singh today asked the the Russian industry to jointly manufacture defence platforms and equipment with India that will give a massive boost to the two nations’ exports to third countries. At the ‘India-Russia Defence Industry Cooperation Conference’ here in the presence of […]
New Delhi: Exemptions under Customs Duty and Goods and Service Tax on defence equipment bought by Indian armed forces could save up to Rs 60,000 crore ($8.5 billion) of the military budget over a five-year period, the Economic Times reported today. This saving could be used by the […]
New Delhi: India’s Minister of Defence Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select countries. The decision is expected to give a boost to defence exports and enhance ease of […]
New Delhi: India’s Narendra Modi government has targeted a $26-billion defence industry by 2015, Minister of Defence Rajnath Singh said today. The target is expected to boost the sagging economy of the country. which has seen the Gross Domestic Product growth decelerating to an over five-year low at […]
New Delhi: A new Indian government notification said today no industrial or arms license would be required for manufacturing any parts or accessories in the defence sector, unless specifically mentioned in any government circulars or notifications. Here goes the notification in this regard issued by the Ministry of […]
New Delhi: India today decided to revise its defence procurement rules, to simplify the acquisition process of arms and ammunition, apart from making the procedures inclusive of the entire military industrial ecosystem. The exercise is to be completed in six months from now. Minister of Defence Rajnath Singh […]
New Delhi: India’s Ministry of Defence today said it doesn’t intend to privatise the 41 ordnance factories, but only provide it a corporate character to ensure efficiency in their functioning. At a meeting between the ministry officials’ committee and labour union leaders today, in continuation of a similar […]
Pokhran (Rajasthan): India today hinted that its nuclear weapons doctrine of ‘no first use’ against a rival could change based on future circumstances. Minister of Defence Rajnath Singh, after paying homage to former Prime Minister Atal Bihari Vajyapee at the nuclear weapons testing site here, told reporters that […]
New Delhi: India will soon have a single-point military adviser for the government to ensure better synergy among the four armed forces of the nation in planning their future. Prime Minister Narendra Modi announced the creation of the post of Chief of Defence Staff, most possibly a four-star […]
New Delhi: India has reserved defence modernisation projects worth 500 billion rupees ($7 billion) for startup, Department of Defence Production Joint Secretary Sanjay Jaju said today. At a Society of Indian Defence Manufacturers seminar on ‘Startups-Cutting Edge for Technology Infusion into Defence’ here, Jaju said the Government of […]
