In the current Financial Year 2015-16, 33 capital acquisition proposals worth approx. Rs 55800 Crores have been accorded ‘Acceptance of Necessity (AoN)’under ‘Buy (Indian)’ and ‘Buy & Make (Indian)’ categories of capital acquisition by the Ministry of Defence (MoD) till Jan 2016.
Source:http://pib.nic.in/newsite/PrintRelease.aspx?relid=136917...India inks 162 defence contracts worth Rs 133093.29 Cr in last three years
In the last three years, India has signed 162 contracts worth Rs. 133093.29 Crores with Indian and foreign vendors for procurement of various defence equipment, including Ships, Missiles, Rockets, Simulators, Tanks, Guns, Aircrafts, Helicopters and Radars. The 162 contracts include 95 contracts signed with Indian vendors and 67 with vendors from foreign countries...
INS Arihant passes deep sea tests
Indigenously-built first nuclear powered submarine, INS Arihant, has passed several deep sea diving drills as well as weapons launch tests successfully and is now ready for full fledged operations. It is the first of five nuclear missile submarines or SSBNs planned for induction. The submarine is to be equipped with K 15 (or...
DAC meeting 23 Feb 2016
In the latest Defence Acquisition Council (DAC) meeting, defence ministry on 23 Feb 16 has asked defence services to review their capital acquisition proposals and budgetary requirement for the next 10 years and also to project their requirements as per relevance. DAC has approved:
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- The issue of Letter of Intent for Mine Countermeasure Vessels for the...
FDI in Defence
FDI amounting Rs 24.84 Crores has been received in the Defence Sector from April 2000 to September 2015. So far, 34 FDI proposals/Joint Ventures have been approved in defence sector for manufacturing of various defence equipments both with Indian public and private sector companies.
Source:http://pib.nic.in/newsite/PrintRelease.aspx?relid=136917...7 Indian firm have supplied IED components to entities in Lebanon and Turkey
Seven Indian companies are likely to have supplied Improvised Explosive Devices (IED) components to entities in Lebanon and Turkey. These Indian firms were mostly found to be manufacturing detonators, detonating cords and safety fuses.
Source:http://www.hindustantimes.com/world/islamic-state-bomb-components-come-from-20-countries-including-india-report/story-ZYIkLPeA7tqCazfIiLLkuM.html...
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MoD signs MoUs for making aircrafts, helicopters
The Ministry of Defence (MoD) has signed number of Memorandum of Understanding (MoUs) with global companies including manufacturers of jets and helicopters. The production of helicopters and aircraft in the country will create employment opportunities for around 100,000 skilled workers.
Source: http://www.businessworld.in/article/Defence-Ministry-Signs-50-Manufacturing-MoUs-With-Global-Helicopter-Jet-Makers-/16-02-2016-91168/ ...Kalyani Group & SAAB tied up for air defence program
Kalyani Group has tied up with Swedish defence major SAAB to form a joint venture firm for the Short Range Surface to Air Missile (SR-SAM) and Man-Portable Very Short-Range Air Defense (VSHORAD) programmes. If they win the contract, the production in India will comprise of subsystems and systems for SRSAM and VSHORAD with...
BAE Systems to partner with Mahindra for M777 howitzers program
US firm BAE Systems has selected Mahindra as its business partner for the proposed in-country assembly, integration & test facility for the 145 M777A2 LW155 ultra lightweight howitzers under a Foreign Military Sale for the Indian Army. A domestic Assembly, Integration and Test facility will enable the Indian Army to access maintenance, spares...
India considering proposals to manufacture fighter jets under ‘Make in India’
Lockheed Martin has proposed to manufacture F-16 fighter jets under the ‘Make in India’ initiative. The F-16 jets have been offered for local production both to meet Indian requirements and as well as for exports. Another US manufacturer Boeing has also shown keen interest in building F/A 18 Super Hornet fighters under the...