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Yearly Archives: 2014

India ready to export its first Warship

The India is all set to export its first warship CGS Barracuda to Mauritius, this month. The CGS Barracuda is built by state-owned Garden Reach Shipbuilders & Engineers Ltd (GRSE) and is a 75 ft by 15 ft off-shore patrol vehicle. It is capable of carrying out multi-purpose roles such as anti-piracy operations,...

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Govt may hike FDI in defence to 74%

To attract foreign investments in defence, the Indian Government is considering to increase the FDI cap for the sector to 74% from the present 49%. Increase in FDI most likely would encourage foreign defence manufacturers to establish bases in India and having majority stakes in their Indian subsidiaries which in turn will provide...

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MMRCA Deal

The long pending negotiation for the India’s 126 Rafale fighter jets deal is most likely to get finalized soon as both the sides have decided to fast-track the process. Negotiations for the deal have been going on since 2012 when India has selected Dassault Rafale for its requirement of Medium Multi-Role Combat Aircrafts...

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Sikorsky wins MRH deal

India has selected US firm Sikorsky’s S-70B helicopter for its 16 Multi Role Helicopters (MRH) contract for the Indian Navy with an option clause to buy additional eight helicopters to meet any additional immediate requirements. The tender was floated in 2008 and is worth around Rs. 6,000 crore ($ 1billion). European NH 90...

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India to acquire 814 Artillery Guns

The Defence Acquisition Council (DAC) has approved the proposal to buy 814 artillery guns for Rs 15,750 crore. The gun would be procured as per "Buy and Make" procedure, under which 100 such guns would be bought off the shelf while 714 would be made in India. The Request for Proposal (RFP) would...

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Indian Defence Import-Export

India, the world’s largest arms importer, has paid out about Rs 103535.52 crores in direct payments to foreign countries in the last five years. The top five defence suppliers to India in last three years include US, Russia, France, Ukraine and Israel. On the other hand, the country is among the world’s smallest...

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New DPP likely to rollout soon

The new Defence Procurement Policy (DPP) is likely to be out by first month of 2015 that will have fresh norms for blacklisting firms and engagement of agents besides attracting investments. The main focus of the new policy would be on transparent but faster military procurements for the armed forces. Additionally, it will...

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Thales-BEL JV to develop Radars

Indian company Bharat Electronics Limited (BEL) and French company Thales, has entered into a joint venture to develop radars for Indian Air Force. Thales holds 26 percent of the new company while BEL has 74 percent.  As  per  the JV, the Thales will supply six of the 19 Ground Smarter (GS100) low level...

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