The defence ministry took the decision to hold the biennial event as scheduled following inputs from major stakeholders including the domestic defence industry and global aerospace majors, official sources said.
"The only importer of defence equipment is the defence ministry. Any import embargo is really an embargo on oneself," the former home minister said.
India and Japan are set to intensify defence cooperation with the two sides likely to launch a security consultative framework involving their foreign and defence ministers.
Modi made the comments in his address after inaugurating the 14th edition of Aero India at the Yalahanka Air Force station complex on the outskirts of Bengaluru.
'She must first change the Rules of Business 1961 that makes the defence secretary and not the defence minister responsible for the defence of the country!' says Colonel Anil A Athale (retd.)
All the items identified for procurement from domestic defence manufacturers are used in shipbuilding. So far, the defence ministry has notified 127 items where purchase preference is given to local suppliers.
China's official defence budget last year was $136.3 billion while that of India was $38.2 billion.
It also sought exemption from Research and Development Cess for joint ventures implementing the offset obligations under the Defence Procurement Procedure introduced a couple of years ago to energise the defence market.
Private players are increasingly looking at the defence market which is a promising multi billion-dollar arena.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
India cannot leap-frog to a higher plane virtually overnight. The immediate requirement is to think big in keeping with the country's growing international status and to plan for the future with a level of confidence that policy planners have not dared to do before.
Vouching for preserving its independence and sovereignty, Muizzu made a firm commitment to ensure that the Maldives remains "free of any foreign military presence."
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States.
In a bid to increase its focus on the country, the company has set up an Indian subsidiary.
Singh also said that Indian troops are standing firm braving extreme weather and hostile forces to defend the country's territorial integrity.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
India is one of the largest defence importers.
'The wise men learn lessons in war.' 'The smart men learn lessons from others, it's only the foolish who learn the wrong lesson.'
The two PMs may also explore ways to further deepen ties between the navies of the two countries to check China's heightened activities in the Indian Ocean.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
At present, a maximum of 26 per cent is allowed in the defence sector.
'I couldn't think of a more visible strategic form of cooperation than both of our armed serves using a similar weaponry jointly developed together.' Aziz Haniffa/Rediff.com reports from Washington, DC on what is expected in the India-US defence relationship during Prime Minister Modi's visit.
The Defence Procurement Policy of 2008, unveiled on August 1 by Defence Minister AK Antony, tries for the first time to lay down a list of defence products. A single page annexure specifies 13 generic categories that will be treated as defence products for offset purposes. The list confines itself to broad categories like 'vessels of war, special naval systems, equipment and accessories' and 'high velocity kinetic energetic weapons systems and related equipment.'
The USNS Salvor was welcomed with a ceremony at the shipyard on Monday, and it is the first ship to arrive after the signing of the MSRA.
Prime Minister Narendra Modi, who is in the United States for a three-day state visit, has gifted an eco-friendly lab-grown 7.5 carat diamond, placed in Kashmir's exquisite Papier mache box, to First Lady Jill Biden.
The procurement will come at a cost of Rs 38,900 crore.
Within six months, outlets carrying Vicks jumped from 60,000 pharmacies to 750,000 general stores. The trade boycott collapsed. Consumers were happy, finding Vicks now at every street corner. A fascinating excerpt from Gurcharan Das's Another Sort of Freedom.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Bengaluru-headquartered HAL plans to produce more than 1,000 helicopters in the range of 3-15 tonne with a total business of more than Rs 4 lakh crore over a period of 20 years at this facility in Gubbi taluk, officials said.
New Delhi's growing defence partnership with Tokyo could take wing with the US-2 (Utility Seaplane Mark 2), a one-of-a-kind amphibious aircraft that has Indian naval planners goggle-eyed.
'India-US defence pacts are seen by many analysts as a subtle move to jointly contain China's growing militarism, especially in the strategic Indian Ocean Region.'
India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
The decision to procure the fleet was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said.
Total indigenous production between 2011 and 2015 would need to expand from about $30 billion to more than $70 billion.
