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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