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Yearly Archives: 2015

62% defence contracts bagged by Indian vendors in 2014-15

India’s “Make in India” initiative is showing its positive effects as the expenditure on capital acquisition in respect of order placed on Indian vendors is more than that of foreign vendors for the period 2014-15. In this period Indian vendors have received order nearly 62% (Rs.40589.98 Crore) and rest 38.11% is with the foreign vendors...
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Telephonics Corporation raises Stake in Mahindra Telephonics from 26% to 49%

The Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation has recently confirmed the increased in equity interest in the Joint Venture company Mahindra Telephonics Integrated Systems (MTIS) from 26% to 49%. Mahindra Telephonics Integrated Systems (MTIS) is a JV between India’s Mahindra Defence Systems and Telephonics.

Source:http://www.businesswire.com/news/home/20151208005942/en/Telephonics-Corporation-Increases-Equity-Stake-Mahindra-Telephonics...
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Offset Services held in Abeyance

Recall services have been held in abeyance since May 2013. Govt. has now issued the letter removing this restriction. Salient feature are:

  • Services as offset are permitted, however two (Training & QA) of the seven services (earlier allowed) have been dis-allowed.
  • There is a 20% cap on discharging offsets through software...
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India may order spares for Su 30 fleet from Russia

India is planning to sign a pact on spares for Su-30 fleet with Russia. The long term spares agreement will provide for an express process for the delivery of spares for the fleet for the next five years. The contract will ensure that spare parts start getting manufactured within a month of the...

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India’s defence export

India’s total value of exports undertaken by both private and state-run defence manufacturers in the first nine months of this year 2015-16 was Rs 695.70 crore. As compared to previous year, the exports stood at: 2012-13 - Rs.446.77 crore, 2013-14 – Rs.686.27 crore and 2014-15 – Rs.994.04 crores respectively.

Source:http://economictimes.indiatimes.com/news/defence/defence-exports-by-indian-firms-in-2015-up-three-fold-from-last-year/articleshow/50140954.cms...
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US update its policy to transfer jet-engine technology to India  

Indo-US defence cooperation has moved to another milestone, as US has updated its policy on gas-turbine engine technology transfer to India to expand cooperation in production and design of sensitive jet engine components. During the recent visit of Indian Defence Minister to US, both the side also discussed ways and means to move...

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Defence Minister Visit to US

The defence minister Manohar Parrikar is on visit to the US, with focus on the bilateral Defence Technology and Trade Initiative (DTII), transport aircraft, among other things. A large group of officials from private sector defence manufacturers are also travelling to look forward for B2B engagements for technology collaborations, joint R&D and joint ventures. The...

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Boeing and TASL Tie up

Boeing and TASL have entered in a Joint Venture (JV) for making aero structures, with the Apache fuselage and further move on to manufacture of advanced systems in the future. Telengana already has aerospace park at Adibhatla and are in the process of setting up three more such exclusive, aerospace and defence sector-specific...

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New Defence Procurement Procedure to be out soon

Indian Ministry of Defence is likely to roll out new Defence Procurement Procedure (DPP) by December, 2015. The DPP-2013, which presently serves as the guiding document for India’s defence acquisitions, has been under revision. Going beyond indigenous production, the new procedure is expected to define blacklisting of firms, role of agents/middlemen in defence...

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