(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: To provide an impetus to self-reliance theme of Prime Minister Narendra Modi, India today made public a draft Defence Production and Export Promotion Policy 2020, reiterating the already stated policy guidelines such as arms manufacturing target of Rs 175,000 crore ($25 billion), including Rs 35,000 crore […]
New Delhi: India’s coast guard today inducted a new fast patrol vessel built at an indigenous shipyard, boosting its ability intercept and stop illegal activities in the nation’s territorial waters. One of India’s top state-run domestic shipyard, Garden Reach Shipbuilders and Engineers (GRSE) delivered Indian Coast Guard Ship […]
By Anurag Garg Formation of Defence Industrial Corridors (DICs) is one of the most significant steps in pursuit of local capability development and capacity creation by the Indian government. DICs announced for states of Uttar Pradesh and Tamil Nadu can prove a boon for these states’ economy, just […]
By N. C. Bipindra New Delhi: India is planning to hand over operations of its Army Base Workshop (ABW) in Delhi Cantonment to the private corporate with experience handling operations at industrial units. The move is one of the recommendations from the Lieutenant General D. B. Shekatkar panel […]
By Amit Cowshish The COVID-19 pandemic has, among other things, disrupted the manufacturing activities and left the supply-chain in disarray across the globe. Its impact on the ongoing contracts must be agonising the vendors as they may not be able to adhere to the delivery timelines, potentially exposing […]
By Angad Singh If the annual SIPRI data consistently showing India among the top few arms importing nations in the world is a depressing commentary on the state of India’s military-industrial capability and capacity, the 2020 figures bring some cheer. Although India is second only to Saudi Arabia […]
New Delhi: India’s defence minister Rajnath Singh today threw open the draft Defence Procurement Procedure (DPP) 2020 that aims at further increasing indigenous manufacturing and reducing timelines for procurement of defence equipment for the public to receive inputs from the stake-holders. The draft DPP, prepared by a high […]
New Delhi: India will soon buy 83 Tejas Mk1A Light Combat Aircraft (LCA) for its air force that will boost the sagging combat fleet numbers of its fighter jets and energise the depleting order book of the state-run aircraft maker Hindustan Aeronautics Limited (HAL). The proposal to buy […]
New Delhi: India’s Narendra Modi government can take a leaf out of former British Prime Minister Margaret Thatcher and the privatisation of companies like defence major BAE Systems to carry forward its disinvestment plans for state-owned companies that are profitable. The Economic Survey 2020-21, presented to the Parliament […]
New Delhi: India and Finland today signed a Memorandum of Understanding (MoU) to enhance their defence cooperation, on the sidelines of the Raisina Dialogue event here. India’s Defence Secretary Dr Ajay Kumar and Finland Ministry of Defence Permanent Secretary Jukka Juusti signed the agreement to further defence cooperation […]
New Delhi: India’s largest workers union, Bharatiya Mazdoor Sangh (Hindi, translates to Indian Labour Union), today said it will protest Jan. 3 the proposed corporatisation and disinvestment of the defence Public Sector Undertakings (PSUs) and state-owned industries, and has called for a stop to Foreign Direct Investments (FDIs). […]
New Delhi: A record number of over 880 exhibitors, both domestic and foreign companies, have registered to participate in the DefExpo 2020 to be held in Lucknow in the first week of February, making it the largest ever so far. This information was given by India’s defence ministry […]
New Delhi: India’s Defence Public Sector Undertakings (DPSUs) have a healthy order book worth Rs 2,31,981 crore ($32.5 billion) that could help them stay in business for a period ranging from two years to 10 years. The details of the order book for each of the DPSUs is […]
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 […]
