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, […]
India Aerospace & Defence Daynote: Oct. 3, 2020 WHAT TO WATCH India Prime Minister Narendra Modi to open Atal Tunnel in Himachal Pradesh, to provide all-weather connectivity to army and civilians in the region.Oct. 3, 2020. 10 AM India Time. India Defence Minister Rajnath Singh in Manali, visiting […]
(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 […]
By N. C. Bipindra New Delhi: In a major boost to the private sector, India‘s defence ministry today said it has signed a Rs 2,580-crore (slightly over $350 million) contract with Larsen and Toubro and Tata Power Company Limited, apart from a public sector enterprise, for the supply […]
(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 […]
New Delhi: India‘s Ministry of Defence on July 30 released an amended draft of Offset Guidelines that will form part of the Defence Procurement Procedure 2020. The amended draft Offset Guidelines were released three days after making public the amended draft DPP-2020, which has been renamed Defence Acquisition […]
