India is slated to become the prime manufacturing hub for advanced 155mm artillery ammunition for all types of [155mm] artillery guns which are operated by over 75 armies worldwide.
The 14th edition of India's largest aerospace and defence exhibition, Aero India, takes off here on Monday with inauguration by Prime Minister Narendra Modi bolstering the 'Make in India' campaign and giving a fresh impetus to the domestic aviation sector. The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies. As many as 809 exhibitors, including 110 foreign ones, have confirmed their participation at the show at Air Force Station Yelahanka, which is being positioned as a platform for 'Make in India for the world', defence officials said. United States Charg d'Affaires Ambassador to India Elizabeth Jones will lead the largest-ever US delegation to the biennial air show. "As India modernises its defence capabilities, certainly we want to be the partner of choice. We are increasingly focused on mutually beneficial co-production and co-development partnerships," she said. A premier
National Data Governance Framework to set guidelines and protocols for non-personal data sharing
Telangana CM and BRS president K Chandrashekar Rao, attacked the BJP-led Centre, saying the Modi government's flagship project 'Make in India' has turned out to be 'Joke in India'
India has embarked on a massive transformation of its defence sector through the ambitious 'Make in India' programme
Customs duty changes for several products such as precious metals, small cars, bicycles, toys and telecommunication components in the Budget will help promote the Make in India initiative of the government, economic think tank GTRI said on Friday. The Global Trade Research Initiative (GTRI) also said the import duty changes in Union Budget 2023-24 affect products that count for less than USD 14 billion or 2 per cent of the value in India's current import basket. A large part of the Budget exercise was devoted to reducing the number of duty slabs and exemptions. The government continued with the current import duty structure, making changes only when it has big reason to do so. This will allow the firms to think long-term, GTRI co-founder Ajay Srivastava said. Customs duty changes fall into four broad groups - duty hike , duty reduction, correcting inverted duty structure, and reducing the number of duty slabs. He said the combined imports value for products where duty was raised i
Samsung said it already fulfils a majority of the domestic demand in India through local manufacturing at the Noida factory
Union Education Minister Dharmendra Pradhan on Sunday said India has to become a manufacturing economy for achieving the 'Make in India' goal. He said India currently has the momentum to achieve it. "Until India becomes a manufacturing economy, it will continue to buy goods from others as a purchasing economy," the minister, who also holds the skill development and entrepreneurship portfolio, said. Addressing a programme on 'Purvodaya - an instrument for Act East policy', Pradhan said economic empowerment in the eastern region has to be achieved by providing employment. "India will get the demographic dividend for the next 15 years, which eastern India will get for 25 years," he said. The minister said India has not only made strides on the political and diplomatic fronts, but also made a mark by providing COVID vaccines to 140 countries, of which 40 received those as a gift. Commending Kolkata's role as a centre of renaissance in India over the last three centuries, he said the
Among India's advantages are rising geopolitical tensions between Western nations and China, and a growing friendship with the US, Australia and Japan, which form part of the Quad
With India running one of the highest public debt to GDP ratios among emerging markets globally, firm adherence to the fiscal consolidation would seem the most appropriate path
Dixon led the 'Make in India' TV shipments, followed by Radiant
Looking to help in "amplifying" the India story, Microsoft Executive Chairman and CEO Satya Nadella on Thursday said the country's technology story and the policies that helped it reach here is a tale that needs to be told to the world. Briefing the media after the Future Ready Technology summit in Bengaluru, Nadella said "India is taking the leap to contribute both in the digital technology as well as the soft side of it--the policy side of it, as to how this came about." "That story needs to be written about, talked about so that everyone else in the world can also benefit from it. I think India's leadership of the G20 is obviously a great moment for that. And we at Microsoft want to be as helpful as possible in amplifying what is essentially the output of India," he said. Emphasising often on the growth of digital public goods in India, Nadella said India has created a "virtuous cycle of digital public goods that raises the bar on private enterprises, increases competition, reduc
Built on 23,500 sq ft, the unit will have a production capacity of 150,000 units in its first year; it is designed to raise that to 300,000 units in the second year
Ramkrishna Forgings on Thursday said its board has approved a proposal to acquire up to 51 per cent stake in TSUYO Manufacturing. The company did not disclose the deal size. A decision in this regard was taken by the company's board at a meeting on Wednesday, Ramkrishna Forgings said in a statement. "The board of directors of Ramkrishna Forgings has approved an investment to acquire up to 51 per cent voting rights of TSUYO, a Make-In-India startup company engaged in powertrain solutions for electric vehicles," it said. This proposed investment will help TSUYO enhance its product portfolio and expand its facilities for manufacturing of motors, controllers, e-axles, and differentials. "This strategic investment will enable us to further advance our commitment to supporting the growth of electric vehicles in India and beyond. This acquisition will significantly improve our capabilities and expand our market share in the evolving EV segment," Lalit Khetan, Whole-time Director and CFO,
The Ministry of Defence has issued two separate tenders for these jackets under Make in India including for 47,627 jackets under the normal route and 15,000 jackets through emergency procurement
Giving impetus to the vision of 'Aatmanirbhar Bharat' and the 'Make in India' initiative, a testing and evaluation facility for sonar systems to be used by the Indian Navy has been launched by the Defence Research and Development Organisation, an official statement said on Monday. It is a state-of-the-art system developed for use by the Navy onboard various platforms, including ships, submarines and helicopters, the Defence Ministry said in a statement. "Giving impetus to the 'Aatmanirbhar Bharat' and 'Make in India' commitment, the DRDO launched Hull Module of Submersible Platform for Acoustic Characterisation & Evaluation (SPACE) facility at Naval Physical and Oceanographic Laboratory (NPOL), Kochi, recently," it said. The SPACE facility is based on the concept design and requirements projected by NPOL and has been constructed by L&T Shipbuilding, Chennai, it said. This will be mainly utilised for evaluating sonar systems, allowing for quick deployment and easy recovery of ..
NGT has refused to hear a plea seeking directions from the Centre to test the efficiency of a device claiming to capture ultra-fine particulates, including PM1 and PM2.5-1
The companies will jointly develop a controlled fabrication process and ensure that the same parts can be manufactured in any future production of the M777 howitzers for India
Prime Minister Narendra Modi on Monday expressed concern over the huge edible oil and fertilisers import bill, which is putting pressure on the exchequer, saying it is time to work in mission mode to make India self-reliant and reduce import dependence. Modi said it was necessary to become 'AatmaNirbhar' or self-reliant because problems in the exporting countries directly hit import prices for India as happened after the outbreak of the Russia-Ukraine war. Addressing a gathering after launching several projects related to the agriculture sector, the Prime Minister said it is important to reduce dependence on imported edible oil and fertilisers, and even crude oil to the extent possible. Modi said the government would be spending Rs 2.5 lakh crore on the import of soil nutrients this year only to ensure high global prices do not affect farmers. He also said the government was purchasing urea from overseas for Rs 75-80 per kg but was supplying it to farmers at Rs 5-6 per kg to protec
Earlier, Ministry of Electronics and Information Technology (MeitY) held discussions with global IT hardware makers who are looking to move part of their production capacity from China to India