New Delhi: India‘s Minister of Defence Rajnath Singh today operationalised a private sector defence manufacturing facility in Uttar Pradesh Defence Industrial Corridor (UPDIC) in Lucknow. The facility, run by Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, will manufacture parts for aircraft engines, helicopter engines, […]
New Delhi: India today gave its approval for procurement of $1.8-billion worth of weapons and military equipment for its armed forces, focusing on buying domestic products worth $1.55 billion among them. The Defence Acquisition Council (DAC), chaired by Minister of Defence Rajnath Singh, accorded Acceptance of Necessity (AoN) […]
New Delhi: India‘s Minister of Defence Rajnath Singh today invited American companies to invest in the nation and contribute in making for the world from the Indian soil, as envisioned by Prime Minister Narendra Modi. Rajnath Singh said, at the 18th India-US Economic Summit organised by the Indo-American […]
New Delhi: India today said it has signed a $184-million contract with domestic firm Mahindra Defence Systems Limited to supply 14 anti-submarine warfare system to its navy. The contract, worth Rs 1,340 crore in Indian currency, was signed here under the ‘Buy and Make (Indian)‘ category of defence […]
New Delhi: India‘s national helicopter carrier Pawan Hans Limited is said to be in talks with the nation’s navy to lease its utility choppers, urgently required by the defence force to plug a critical operational capabilities gap. Pawan Hans looks to cash in on the delays faced by […]
New Delhi: In a major relief to COVID-hit industry, India has relaxed the Performance Guarantee requirement for defence contracts to just three per cent of contract value from the existing five per cent to 10 per cent, and this tweaked rule will apply equally to both Indian and […]
By N. C. Bipindra New Delhi: In a significant business opportunity for local companies in the beginning of a new year, India today approved the $6.5-billion locally-made combat jets procurement for the air force, boosting the aerospace and defence industry that has been fighting hard against COVID-induced negative […]
Larsen & Toubro’s whole-time director and senior executive vice president (defence and smart technologies) J. D. Patil, in this exclusive interview, tells Defence.Capital editor N. C. Bipindra that lack of warship building orders is killing India’s private sector shipyards. Ques. Please provide our readers with an overview of […]
New Delhi/Hazira: India’s Larsen & Toubro today delivered the 81st K-9 VAJRA-T howitzer to the Indian Army, in a clear indication that the 2017 order will be completed well within the 42-month schedule, providing for the delays permitted under the Force Majeure clause due to COVID-19 pandemic. The […]
(Editor’s Note: The first two paragraphs have been amended to reflect that it is not a final award, but initial sanction for an industry-funded project, and that several other companies too have got the sanction apart from OshoCorp Global.) New Delhi: India has sanctioned a $180-million project to […]
By N. C. Bipindra New Delhi: India signing a deal for 93,895 Close Quarter Battle carbines will be a key milestone for United Arab Emirates‘ CARACAL to invest 49 per cent in a Joint Venture with a domestic manufacturer with full technology transfer, the company’s top executive has […]
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 […]
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 […]
