New Delhi: Indian private sector technology company, Dynamatic Technologies Limited, has signed a Memorandum of Understanding with the government’s Central Scientific Instruments Organisation (CSIR-CSIO) to jointly design, develop and manufacture futuristic solutions for defence and aerospace, healthcare and agriculture industries. “Our partnership with CSIO is aligned to Government […]
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, […]
New Delhi: India’s top officer responsible for defence acquisition has just dropped the bomb: The recently announced hike in the country’s Foreign Direct Investment (FDI) norms to 74 per cent will not apply to the Strategic Partnership programmes that the armed forces are pursuing. This is big — […]
