(Editor’s Note: First update on June 23 with Department of Defence Production comments on Offset Guidelines in the last paragraph. Second update with details of July 17 amended order keeping the policy on Banking Offsets in abeyance in paragraph one.) New Delhi: India kept in abeyance its June […]
Hyderabad: Tata Lockheed Martin Aerostructures Limited (TLMAL), a joint venture between Indian major Tata Advanced Systems Limited (TASL) and American defence giant Lockheed Martin Aeronautics, today said it has appointed Kiran Dambala as Chief Operating Officer (COO). Dambala assumes this position from the outgoing TLMAL COO Abhay Paranjape, […]
(Editor’s Note: Updated with a nut graph at paragraphs six and seven.) By Deepak Sharma New Delhi: Saudi Arabia, the world’s largest exporter of crude oil, might offer a discount to Indian and other Asian buyers this month as a part of its strategy to ensure full compliance […]
New Delhi: India has notified a new set of draft rules for operating unmanned aircraft, making it mandatory for all drones to be registered with the civil aviation authorities and proposing penalties for violations, including license cancellation. Any objections or amendments to the notification should be sent to […]
New Delhi: India’s finance minister Nirmala Sitharaman today announced the hike in the Foreign Direct Investment (FDI) limit in the nation’s defence sector to 74 per cent from the existing 49 per cent automatic route, as a measure to tide over the economic slowdown in view of the […]
By N. C. Bipindra Lucknow: Lockheed Martin has drawn the attention of India to an enticing $165-billion F-16 combat aircraft ecosystem market globally, as it prepares to bid for the world’s biggest combat aircraft order. The world’s largest defence firm has pitched its F-21, with substantial capabilities that […]
New Delhi: Indian company Jindal Defence, part of O P Jindal Group, today announced its advent into small arms manufacturing in India. In a move aimed towards empowering indigenous manufacturing, Jindal Defence has signed a Joint Venture (JV) agreement with Taurus Armas S.A., of Brazil for manufacturing an […]
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 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: To promote ‘Make in India‘ in defence and aerospace, Defence Minister Rajnath Singh will interact with top industry leaders at Vigyan Bhawan Annexe, here tomorrow. India’s Ministry of Defence, under the aegis of Department of Defence Production, will host the ’roundtable’, a statement from the government […]
