Monthly Archives: December 2015

FDI in Defence

Despite the major changes in the FDI policy in November last year to increase the limit to 49% from 24% it has failed to attract FDI in the sector. During the period between October 2014 - September 2015, India has attracted just Rs. 56 lakhs FDI equity inflow into the Defence sector. However,...

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SAAB offers to build fighter aircraft in India, with full ToT

Swedish defence major SAAB has offered India, to manufacture its fifth generation Gripen fighter aircraft with transfer of technology (ToT) under “Make in India” initiative.  Additionally, it is offering to set up a base in India, helping in the development of aerospace capability of the country for the next 100 years and also...

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Warships for the Indian Navy

Reliance Defence has entered into a strategic partnership agreement with Russia’s largest shipbuilder, United Shipbuilding Corporation (USC) and Rosoboronexport, which focuses on modernisation and refitment of all Russian origin surface warships of the Indian Navy at Reliance’s newly acquired facility in Pipavav. Reliance is also set to sign an agreement with Russian United...

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DAC approval, 17-Dec-2015

India’s Defence Acquisition Council (DAC) has cleared many defence related projects:

  • Russian S-400 Triumf air defence missile systems, worth around Rs 39,000-crore.
  • 571 light bullet-proof vehicles under ‘Buy-Make’ category, to be used in counter-insurgency and counter-terrorism operations, at a cost of Rs 310 crore.
  • 120 trawls to be used on Russia-origin T-72 and T-90 tanks under...
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HAL to develop small helicopter engine

Hindustan Aeronautics Limited (HAL) has launched a project to design and develop an indigenous turboshaft jet engine for use in helicopters in the 3.5 ton and 5-8 ton classes. Recently, the HAL has also announced its indigenously developed turbofan jet engine that will find use in trainer and business aircraft. India requires between...

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Lockheed Martin to supply Night Vision Sensor for Indian Army

Lockheed Martin will be supplying Moderised Target Acquisition Designation Sight Night Vision Sensor systems (M-TADS/PNVS) to the Indian Army. The deal worth $107.8 million is under FMS route. The contract includes 23 M-TADS/PNVS and spares. M-TADS/PNVS provides Apache pilots with long-range, precision engagement and pilotage capabilities for safe flight during day, night and...

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Military ranges, labs opened to private sector firms to test equipment

The Government has issued a new Standing Operating Procedure (SOP) which allows opening up of its testing facilities and military ranges in the country for use by the private sector firms developing systems for the Indian Armed Forces. Laboratories and ranges across organizations like the DRDO, the three armed forces, DGQA, Defence PSUs...

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Amendment to the Offset Provision

MoD released two amendments to the offset policy in the week:
  • OEMs can request for change of IOP; Work package and Re-phasing within the period of performance for the offset contracts under previous DPPs and the approving authority for this will be the Secretary DP. The process for seeking changes to signed offset contracts...
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