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Monthly Archives: September 2020

Accident during ATAGS Evaluation

Development of the Advanced Towed Artillery Gun Systems (ATAGS), the 155x52 mm Gun designed by Armament Research and Development Establishment (ARDE) and made by Bharat Forge and Tata Power’s Special Equipment Division (SED) suffered a setback after barrel of one of the pieces undergoing trials burst during test fires at Pokhran firing range....

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Adani Land Defence Systems Acquires PLR Systems

Adani Land Defence Systems and Technologies Ltd has acquired 51 percent stake in PLR Systems from Fouraces Systems on September 10, 2020 in an all-cash transaction. Incorporated in 2013, PLR System is engaged in manufacturing and supply of indigenously built defence equipment to the Armed Forces for the domestic and export markets. Israeli...

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FDI limit in defence increased from 49% to 74%

The Government has raised the cap of Foreign Direct Investment (FDI) limit in the defence sector under the automatic route from 49% to 74% and beyond 74% through the government route, wherever it is likely to result in access to modern technology or for other reasons to be recorded.However, foreign investment in the...

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Capital Budget Revised Allocation

An amount of Rs 90,048 Crores has been allocated for capital acquisition (modernization budget) of the Armed Forces under Defence Service Estimates in 2020-21. Last year the expenditure incurred under Capital Acquisition stood at Rs 91,128.74 Crores. For the financial year 2018-2019, it was Rs 75,892.85 Crores while in 2017-2018 it was Rs...

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Corporatization of OFB

The Department of Defence Production has selected KPMG as the Lead Consortium Member and Khaitan & Company limited as another Consortium Member for assisting in the process of corporatization of the Ordnance Factory Board (OFB). The Consortium will be the Consultancy Agency for providing strategic and implementation management consulting services to assist the Department of Defence Production in the process of...

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Capital Procurement during 2019-2020

A total of 70 defence contracts for capital procurement (38 with Indian vendors and 32 with foreign vendors) were signed during the financial year 2019-20. This fiscal a total of 16 deals (10 with Indian vendors and 6 with foreign vendors) have been inked till July 20.

Out of 48...

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Indian Navy scouting for Autonomous Underwater Vehicles

The Indian Navy has issued a RFI to acquire 10 Autonomous Underwater Vehicles (AUV) to detect and actively destroy underwater mines, underwater improvised explosive devices (IEDs) and similar threats. The requirement for AUVs entails that it should be two-man portable, designed for surveillance and capable for identification and Explosive Ordinance Disposal (EOD) at...

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Indian Army issues tender for Infantry Weapon Training Simulator

Indian Army has issued a tender for supply of 66 Infantry Weapon Training Simulator under the ‘Make II’ category of the DPP-2016. The Infantry Weapon Training Simulator is a modularly designed system, which allows handling of small arms of a Section and Platoon to include in-service pistols, carbines, rifles, Light Machine Gun (LMG), Rocket Launchers...

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Foreign Procurement Deals in Limbo

The Defence Ministry is most likely considering scrapping of two foreign procurement deals - Carbines from UAE and the other Self-Propelled Air Defence Gun Missile System (SPAD-GMS) from South Korea and likely to route them through the ‘Make in India’ initiative. Both the deals are estimated to be worth around $4 Billion.

Indian Army to acquire Wheeled Armoured Fighting Vehicles

Indian Army is looking to procure 198 Wheeled Armoured Fighting Vehicle Recce & Support (WH AFV (R&Sp). A RFI in this regard has been issued last year in November. The amphibious 8×8 solution required is required to have high mobility, adequate armour protection and armament configuration with twin anti-tank missiles suitable to destroy...

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