Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Delay in defence equipment supply anguishes Antony
Press Trust of India / New Delhi May 28, 2009, 12:15 IST

Anguished over delays in procurement and supply of military equipment, Defence Minister A K Antony today urged foreign vendors, including those from Russia and Israel, to stick to deadlines.

Stepping up pressure on foreign countries, Antony said, "I convey my anguish to foreign vendors, including Russia and Israel, on the delays in delivery of defence equipment. They have to try and deliver the defence equipment on time."

Russia and Israel are the two largest military suppliers to India. New Delhi had recently signed contracts with Tel Aviv for supply of Medium Range Surface-to-Air Missiles worth Rs 7,500 crore and with Russia for design and development of fifth general fighter aircraft and medium transport aircraft.

Formally inducting the Israeli-built Airborne Early Warning and Control Systems (AWACS) into the Indian Air Force at Palam airbase here, Antony, who deviated from his written speech, said: "Thorough the Ambassadors of the two countries, who are present here, I request the foreign countries for cooperation in meeting delivery schedules of AWACS and other equipment so that the Indian armed forces get the latest, modern weapons systems in time."

Indian defence procurement is expected to touch about $100 billion in the next 10 years, and several foreign companies including those from the Americas, Europe and Asia are vying with each other for a big chunk of the deals for themselves.

Antony also conveyed his dismay over the delayed delivery of the AWACS that were originally scheduled to arrive in India about 18 months ago.

He said India had signed the tripartite contract with Israel and Russia for the AWACS in 2004 and it took about five years for delivery of the first of these sophisticated 'eye in the sky' system.

However, he said the problem of delayed delivery was a cause for concern with not just the two major suppliers, but with other countries too, though he did not name the US, France, Britain and Italy, who handle the rest of the defence contracts in India.

The Minister said Defence Secretary Vijay Singh would be leaving for Russia this Sunday to hold talks over the inordinate delays in supply of defence equipment, in particular the Gorshkov aircraft carrier price renegotiation and to press for the timely supply of two more AWACS, which are part of the $1.1 billion deal, for the IAF before the end of 2010.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- India to guarantee safe gas transit from Tapi
- Pak players likely to be part of IPL 2013
- Air India pilots wanted a halt to command training of IA pilots
- EGoM to now decide on base price for spectrum auction
- New power equation in BJP
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us