President Droupadi Murmu undertook a sortie onboard the Indian Navy's INS Vaghsheer, highlighting the nation's naval capabilities and commitment to maritime security.
India is strengthening the naval component of its nuclear triad with Navy Chief Admiral Dinesh K Tripathi on Tuesday saying that the third indigenous nuclear-powered submarine 'Aridaman' will be commissioned soon and that his force is focusing on boosting its overall combat prowess.
'There's an urgent requirement, particularly for the Indian Ocean region, as China's naval presence grows, and with Pakistan also acquiring more submarines.'
The first project that is being negotiated is for the procurement of three Scorpene submarines, which will be jointly constructed by state-run Mazagon Dock Limited (MDL) and French defence major Naval Group.
Naval Group's announcement comes a day before Prime Minister Narendra Modi's visit to Paris where he is scheduled meet recently re-elected French President Emmanuel Macron.
Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
There was no word on the much-anticipated procurement of 26 naval variants of Rafale fighter jets by India from France.
Christened 'Vela', the submarine was launched on May 6, 2019, and has completed all major harbour and sea trials including weapon and sensor trials despite COVID-19-induced restrictions, the Navy said.
The P-75 index, a subset of BSE 500 stocks, has severely underperformed the broader market across time horizons
This is the fourth of the six submarines the Indian Navy is to induct under the Kalvari-class submarine Project-75.
INS Karanj is the third Kalavari-class submarine to be commissioned into the Navy. The diesel-electric submarines based on the Scorpene design are also referred as Scorpene class submarines.
This would provide a major boost to the indigenous design and construction capability of submarines in India.
The government has cleared the indigenous construction of seven stealth frigates and six nuclear-powered submarines to bolster naval power.
The defence ministry has already shortlisted two Indian shipyards and five foreign defence majors for the project, being billed as one of biggest "Make in India" ventures.
Calling for a rethink of its submarine building programme, Defence Minister Manohar Parrikar on Tuesday said India should look for greater numbers than the existing plan of constructing 24 such vessels.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
The government has withdrawn the tender for purchase of 98 torpedos for Scorpene submarines which a subsidiary of chopper scam tainted Italian defence conglomerate Finmeccanica had won during the UNited Progressive Alliance regime.
'Amid the frequent cries that the defence budget falls short of what is needed, we tend to ignore the reality that any enhancement in the allocation is just not possible, and the armed forces have no option but to operate within this constraint.' 'So, unless deadwood -- especially manpower -- is identified and eliminated, we simply cannot have a modern military of the type that India needs,' says Vice Admiral Premvir Das (retd).
Navy chief Adm. Sunil Lanba said that by 2050, India will have 200 ships, 500 aircraft.
The rupee may also gain against the euro but be prepared for a snapback in the euro as Greece resolves.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
'The range of purchases throw a light on India's threat perception as also its perceived role of being a stabilising influence in the region,' says Brigadier S K Chatterji (retd).
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