New Delhi: Hit hard by media criticism of slowdown in major defence projects under the ‘Make in India‘ initiative, the Narendra Modi government today said it was expediting the three key procurement programmes for next generation submarines, naval utility helicopters and the 114-combat jets, cumulatively worth $23 billion. […]
New Delhi: Hari Mohan, an ordnance factory service officer with vast experience in armoured vehicles manufacturing, has taken over as Ordnance Factory Board (OFB) chairman and director general on Dec 1. He has succeeded Saurabh Kumar, who superannuated from the services. Hari Mohan is a 1982-batch Indian Ordnance […]
New Delhi: The Narendra Modi government has approved purchase of $260-million worth of defence equipment, including an anti-tank missile, from the Indian industry, the Parliament of India was informed today. The Defence Acquisition Council (DAC), headed by the defence minister, has given approval of Capital procurement for the […]
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 […]
New Delhi: India has established a joint venture between two state-run enterprises to produce 60,000 tonnes-a-year of high end aluminium alloy used in the strategically important aerospace, aviation and defence sectors. India’s defence ministry-run Mishra Dhatu Nigam Limited (MIDHANI) and mining ministry-run National Aluminium Company Limited (NALCO) have […]
New Delhi: India has set a target of $26-billion defence industry by 2025 and to achieve this target, the Narendra Modi government has taken several policy measures through the Ministry of Defence. Minister of State for Defence Shripad Naik told members of Parliament of India from the Council […]
New Delhi: India’s Ministry of Defence today signed a Rs 20,000 crore (Rs 200 billion/$2.8 billion) contract with the state-run Ordnance Factory Board (OFB) to licence-build 464 additional T-90S main battle tanks for the Indian Army. The indent for the 464 of these tanks were issued to the […]
New Delhi: India’s Narendra Modi government has targeted a $26-billion defence industry by 2015, Minister of Defence Rajnath Singh said today. The target is expected to boost the sagging economy of the country. which has seen the Gross Domestic Product growth decelerating to an over five-year low at […]
New Delhi: India’s Ministry of Defence today said it doesn’t intend to privatise the 41 ordnance factories, but only provide it a corporate character to ensure efficiency in their functioning. At a meeting between the ministry officials’ committee and labour union leaders today, in continuation of a similar […]
New Delhi: India is trying to prevent its 164,000 employees of its 41 ordnance factories that manufacture weapons for its 1.4-million armed forces from going on a strike from August 20. The labour unions of the 41 ordnance factories had issued a notice to the Ordnance Factory Board […]
New Delhi: The Narendra Modi government is planning to boost defence exports from the current 107-billion rupees ($1.5 billion) to friendly foreign nations by taking the help of the private sector in arms production. Defence Minister Rajnath Singh, who met with nearly 45 public and private aerospace and […]
