Monthly Archives: September 2014

IN’s MCMV deal hits a roadblock

The long-pending $1.5 billion deal to procure Mine Counter-Measures Vessels (MCMVs) for the Indian Navy is reportedly heading for a roadblock owing to the alleged irregularities found recently in the deal. Last year, the Defence Ministry had given its nod to acquire two MCMVs and technology transfer from South Korean company Kangnam Corporation...

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MoD strategy for defence exports

With an eye to encourage the sale of defence equipment to foreign nations, the Indian Ministry of defence (MoD) has recently formulated 'Strategy for Defence Exports' that exemplifies a new and streamlined set of rules for obtaining clearances for the export of military stores by both private and public sector enterprises. The key points covered...
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