Despite rhetoric's of self-reliance as goal of India's defence production strategy since 1960s, fact is India has become one of the largest importer of defence goods in the world. Recently, a defence ministry's report picked up holes in India's arms procurement process including unreasonable delays in military's modernisation. Major reasons for the inordinate...
Tata Power SED
Tata Power board has given nod for sale of its defence business Strategic Engineering Division (SED) to Tata Advance Systems, at an enterprise value of Rs2,230 crore. The deal will be subject to government and other approvals. TPSED is a leader in business of indigenous design, development, production, integration, supply and life cycle...
Defence Ministers Visit to Russia
Russia will be pushing hard to seal the deal for five regiments of S-400 Triumf missile systems for India during Defence Minister Nirmala Sitharaman visit to Moscow next week. The negotiations have not made significant progress due to high price of Rs 39,500 crore quoted for the deal.
A new framework agreement...
Indian Navy Needs Landing Ships
The Indian Navy has an urgent requirement for warships that can transport at least 3000 fully armed troops and speedily disembark them on land. The Navy’s current “Landing Ships” are either too old or too small. The largest Landing Platform Dock (LPD) in the navy’s inventory is the INS Jalashwa, was imported from...
Procurement of Barak-1
India has contracted for 131 Barak-1 shipborne Barak-1 SRSAMs from Israel for the Indian Navy (IN). The deal valued at $ 70.5 million....
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Goa Shipyard Issued EoI for Mine Countermeasure Vessels
India’s Goa Shipyard has floated a global Expression of Interest (EoI) for mine countermeasure vessels (MCMV) project. The EoI to manufacture six MCMV, costing around Rs. 32,000-crore, have been sent to prequalify foreign shipyards that would participate in the venture. The tender has been issued for the third time. The Indian Navy requires...
Army New Initiative with Stake Holders
The new policy to formalise the Army’s interaction with local and foreign vendors of equipment and technology is in offing. It is likely to be major move towards indigenisation and reducing dependence on imports, as currently gaining access to military equipment takes a long time and has been delaying work under the Make-in-India...