New Delhi: India is ready to sign a key geospatial cooperation agreement with the United States later this month that will firmly set their strategic relationship in the Indo-Pacific region, where both are threatened by a common rival in China. India is likely to put a seal of […]
New Delhi: Just a week after India‘s new defence procurement rules came into force, the Narendra Modi government today said it has abolished the Banking Offset provisions for arms deals with foreign companies worth over Rs 2,000 crore (~$273 million), where offset is mandatory. The Ministry of Defence, […]
New Delhi: In a first for India, a domestic company today bagged a $56 million order to supply indigenously made hand grenades to the army, a major bid to go self-reliant and self-sufficient in this area of arms production. The Ministry of Defence‘s Acquisition Wing signed the Rs […]
(Editor’s Note: Updated at 5 pm on Sep. 30 with New DAP 2020 document at the end, and previously updated at 9 pm on Sep. 28 with the defence minister’s remarks and reactions from the industry on DAP-220 at the end.) New Delhi: India’s new acquisition rules for […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
(Editor’s Note: Updated on Aug. 10 at 4.15 pm with a government clarification at paragraph 16.) New Delhi: India, among the world’s largest arms importers, has taken the first step towards reducing its defence import footprint. In a first, India’s Ministry of Defence today came out with a […]
(Editor’s Note: First update on June 23 with Department of Defence Production comments on Offset Guidelines in the last paragraph. Second update with details of July 17 amended order keeping the policy on Banking Offsets in abeyance in paragraph one.) New Delhi: India kept in abeyance its June […]
New Delhi: India’s cabinet headed by Prime Minister Narendra Modi today approved agreements on security cooperation with Saudi Arabia and Uzbekistan respectively to fight terrorism and organised crime. The approvals came ex-post facto for both the agreements that were signed on Oct. 29 and Nov. 20 by India, […]
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: 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: The Narendra Modi government is planning to boost defence exports from the current 107-billion rupees ($1.5 billion) to friendly foreign nations by taking the help of the private sector in arms production. Defence Minister Rajnath Singh, who met with nearly 45 public and private aerospace and […]
