Monthly Archives: March 2016

Defence Park

Department of Industrial Policy and Promotion (DIPP) ‘in-principle’ approval for a project at Kinfra Defence Park, Ottapalam (District – Palakkad), Kerala. The cost of project is Rs.131.35 crore involving central grant of Rs.50.00 crore under ‘Modified Industrial Infrastructure Upgradation Scheme’ (MIIUs).

Source: http://pib.nic.in/  ...
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Capital Acquisitions

During 2014-15 and 2015-16, the Defence Acquisition Council (DAC) accorded approval to 66 capital procurement cases at an estimated cost of Rs. 1.98 lakh crore. During 2014-15, 47 capital procurement contracts were signed with value of Rs. 64,859.52 crore. During 2015-16 upto now 44 such contracts have been signed with a value of...

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Defence System Integration Complex

Bharat Electronics Ltd. is planning to establish a Defence Systems Integration Complex in Andhra Pradesh. Foundation stone for the 900 acres complex at Palasamudram in Anantapur district was laid on 30th September, 2015. This will further strengthen the Defence capabilities in the country and enable manufacturing, integration and testing of ongoing and upcoming...

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DAC meet on 11-March-2016

  • DAC accorded AON for   purchase of  61  Air Defence Guns for the Air Force, at approx cost Rs. 7,000 crore under the ‘Buy and Make’ procedure. It is 4 gun integrated system with radars and capable of shooting down small radar cross section targets like drones and low flying objects.
  • DAC also...
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Futuristic Offset Policy

The new draft offset guidelines envisage targeted offsets, wherein, the desired outcome will be stated upfront in the RFP and the vendors have full flexibility on process to realize the outcome. Targeted offsets will include Transfer of Technology, development of ecosystem in defence manufacturing and creation of infrastructure for skill creation and development....

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Kalyani group set to tie up with Rafael to make Spike missiles

India’s Kalyani Group and Rafael of Israel are all set to form a manufacturing Joint Venture to produce Spike Anti-Tank Guided Missiles (ATGM) in India with Bharat Dynamics Limited (BDL). However the final deal for Spike is yet to be cleared and contract negotiations are currently underway. Under the agreement, the JV is...

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DRDO to test fire ballistic missile K-4

India is all set to test fire its longest range undersea missile, named K-4, which is capable of delivering nuclear warhead at 3,500 km away. The Missile will have to undergo two more developmental trials before being fired from the indigenously developed submarine INS Arihant next year. The intermediate range submarine launched ballistic...

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Pipavav Defence renamed as Reliance Defence and Engineering

Pipavav Defence and Offshore Engineering Company Ltd (PDOC) have been renamed as Reliance Defence and Engineering Ltd (RDEL). Anil Ambnani-led Reliance Infrastructure Ltd (RInfra) which has recently taken over the management and control of PDOC, received a certificate of change of name from the Registrar of Companies in Ahmedabad. RDEL is the first...

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Indian Defence Budget

India's defence budget outlay for the financial year 2016-17 is pegged at Rs 258589.32 Crores.  While this amounts to a meager hike of 4.81 percent on the basis of the budget allocation of 2015-16, but on being calculated against the revised estimates of the last fiscal which was Rs 230126 Crores, it comes...

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