Category Archives: News

Indian Defence Ministry has cleared the long anticipated Defence Procurement Policy of 2016 (DPP-2016). A new procurement class - termed Indian Designed, Developed and Manufactured (IDDM) category - has been created as the most preferred category for buying equipment to encourage Indian defence industry to shift from licensed manufacture into the high-tech realm...

India conducted another successful test of the Agni-I medium range ballistic missile from Abdul Kalam Island off the country's shores. The 15-meter-long missile, capable of carrying a metric-ton conventional payload, is equipped with precise navigation systems and has a 700-kilometer (435-mile) range. The missile can be fired from mobile road or rail launch...

India has signed 28 defence contracts worth Rs 36944.48 Crores during last six months for capital procurement of defence equipment. This includes 18 contracts signed with Indian vendors and 10 contracts signed with vendors from foreign countries such as USA, Sweden, Russia and Israel. Source:http://pib.nic.in/newsite/PrintRelease.aspx?relid=137935...

The Cabinet Committee on Security (CCS) has cleared four long-pending arms deals worth Rs 6600 Crores. These being:

• 65000 Nos. of 84mm Carl Gustaf rockets for about Rs 1200 Crores.
• 4000 Hand-Held Thermal Imagers with Laser-Range Finders approx Rs. 1400 Crores.
• 5000 Milan-2T Anti-Tank Guided Missiles approx Rs 2000 Crores.
• 30 indigenous 'Swati' Weapon Locating Radars approx Rs 2000...

The defence and aerospace business of the TATA group is expected to have a 7.5% annual increase to Rs 2650 Crores by the end of current financial year. The conglomerate through group companies - Tata Advanced Systems Ltd (TASL) & its subsidiaries, Tata Advanced Materials, Tata Motors Ltd, Tata Power Strategic Engineering Division,...

India's Reliance Defence Limited (RDL) has signed JV agreements with French firms Thales and Sagem. The 51:49 JV between RDL and Thales would be focusing on developing and producing underwater systems - including sonar, antisubmarine warfare systems and mine countermeasure equipment. Indian Navy's immediate requirement in this segment is estimated to be around...

French firm DCNS has sought approval to set up a fully owned Indian subsidiary that will develop AIP equipment in India for submarines with local companies, including preparation of detailed drawings, 3D modelling and design for future submarine systems. This is the first major foreign investment proposal for India for a high-end critical...

Europe’s Airbus Group has proposed to establish a final assembly line in India for the AS565 Panther helicopters and C295 transport aircraft which are in the fray for Light Utility Helicopters and Avro Replacement program of the Indian Navy and Indian Air Force respectively, if these projects come through. These local assembly lines...

The Cabinet Committee on Security has cleared the deal for NAVY to acquire two Deep-Submergence Rescue Vessels (DSRVs) from UK-based Company, James Fisher Defence. The worth of the deal is around Rs 1,900 crore. Equipped with pressurised chambers, sonars and cameras, a DSRV can rescue sailors at a time from depths of over...

Department of Industrial Policy and Promotion (DIPP) ‘in-principle’ approval for a project at Kinfra Defence Park, Ottapalam (District – Palakkad), Kerala. The cost of project is Rs.131.35 crore involving central grant of Rs.50.00 crore under ‘Modified Industrial Infrastructure Upgradation Scheme’ (MIIUs).

Source: http://pib.nic.in/  ...