Page 29 - Defence Sector

DAC clears defence procurement worth Rs 13,700 cr for armed forces

The DAC also accorded three Acceptance of Necessities (AoNs) for an overall cost of Rs 13,700 crore, the Defence Ministry said in a statement

Cochin Shipyard bags Rs 10,000-crore Navy order for six missile vessels

The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT

Import embargo on 101 defence items would encourage self-reliance: PM Modi

Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes

India offers $100 mn credit line to Mauritius to procure defence assets

The two countries a signed also Comprehensive Economic Cooperation Partnership Agreement

Army's financial powers enhanced to speed up weapons procurement

On November 8, 2018, the financial powers of the vice chiefs of the three services were enhanced five-fold for revenue procurement, with an enhanced ceiling of Rs 500 crore

India to have 17 Rafale jets by March; entire fleet by 2022: Rajnath Singh

The entire fleet of the fighter aircraft bought by the country will reach by April 2022, Singh said

Hindustan Aeronautics' light utility chopper for army gets initial nod

The chopper received the initial operational clearance (IOC) from the military aviation regulator on Friday

Centre is working to cut defence imports by $2 bn by next year: Rajnath

The govt aims to encourage the manufacture of defence related items in the country

HAL's order book expected to cross Rs 1 trillion in the next year

Hindustan Aeronautics Ltd (HAL) is a state-run aerospace behemoth

India invites global defence, aerospace firms to set up manufacturing units

India on Wednesday invited global defence and aerospace companies to set up manufacturing units in the country taking advantage of various initiatives taken by the government in the field.

Reading the defence budget tea leaves

MoD has managed the defence budget well in a difficult year, but long-term fixes are needed

Biden govt wants to continue to deepen defence ties with India: US official

The United States' defence ties and cooperation with India will continue to deepen under President Biden-led administration, a top ranking US official said

Can't be dependent on other countries for India's defence: Rajnath Singh

Singh said on Tuesday India cannot remain dependent on other countries for its defence

Security forces guarding Pak, China receive enhanced funds in Budget

The central security forces guarding the India-Pakistan, Sino-Indian and other frontiers have received an increased amount of funds amid tension with India's western and northern neighbours.

Govt allocates Rs 4.78 trillion to defence for 2021-22 in Budget 2021

The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 trillion for 2021-22 as against last year's Rs 4.71 trillion

Rafales and self-reliance

India seeks self-reliance even as it faces the strategic challenge of a real two-front threat scenario. This calls for defence requirements to reacquire budgetary priority

Boeing gets nod from US government to offer F-15EX jet to India: Official

The firm said it received approval from the US government to offer its F-15EX multi-role combat jet to the Indian Air Force

India to soon become big producer of defence equipment: PM Modi

Prime Minister Narendra Modi on Thursday addressed a National Cadet Corps (NCC) rally

Red-tapism made acquisition process a vicious cycle: Indian Army Chief

Self-reliance is a strategic necessity but to achieve it a revolution is needed in bureaucratic affairs, Indian Army Chief General Manoj Mukund Naravane said

HAL stock takes flight on robust order book, indigenisation focus

The over Rs 47,000 cr light combat aircraft order has boosted growth prospects, while valuation remains reasonable