(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 […]