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, […]
(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 […]
New Delhi: India today approved the procurement of 72,000 American-origin assault rifles at a cost of $100 million for arming its infantry soldiers, amidst a raging military conflict in northern border with China. This SIG SAUER‘s SIG716 7.62-mm assault rifles purchase is the second tranche of acquisition of […]
