In a bid to increase its focus on the country, the company has set up an Indian subsidiary.
According to Russian journal Vedomosti, the agreement was made when Prime Minister Narendra Modi met Russian President Vladimir Putin in Goa BRICS summit.
The Prime Minister will commission INS Vikrant at Cochin Shipyard Limited in Kochi and during the event, he will also "unveil the new naval ensign (Nishaan), doing away with the colonial past," the PMO said in a statement.
Swaraj expressed satisfaction over the agenda of the inaugural dialogue while giving the details of the deliberations.
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.
Sources also said that India meets the criteria for a US sanctions waiver for procuring S-400 missile defence systems from Russia and the Trump administration has 'enough flexibility' on the issue.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
'Implementation of the US-India Defence Technology and Trade Initiative is as much a test for the Modi government to direct its bureaucratic processes, as it is of US commitment,' says Lieutenant General Anil Chait (retd).
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.
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.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
India on Monday signed a nearly USD 3 billion (around Rs 198 crore) deal for purchase of 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing and the US government.
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.
'We have a common way of looking at the world, a common way of thinking, and a common set of values that predispose us to be partners. And our interests overlap greatly,' Dr Ashton B Carter, America's next defence secretary, told Aziz Haniffa/Rediff.com in an exclusive interview.
An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India's largest corporate groups to scoop up drone start-ups. "Indian corporations lost the race in aerospace and space tech. "No one wants to miss the bus this time. "These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future," says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Vouching for preserving its independence and sovereignty, Muizzu made a firm commitment to ensure that the Maldives remains "free of any foreign military presence."
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.
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-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.'
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.'
Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics. The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India's (NPCIL's) share in one of its forging JV companies for a consideration of Rs. 100-150 crore. "We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners," said S N Subrahmanyan, chief executive officer and managing director of the company.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
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.
Before Data Patterns developed an indigenous check-out equipment, Brahmos Aerospace was paying a Russian supplier three times what it will now pay the Indian company.
On Thursday, the prime minister is scheduled to hold one-on-one meetings with top five American CEOs. Two of them are Indian Americans -- Shantanu Narayen from Adobe and Vivek Lall from General Atomics. The three others are Cristiano E Amon from Qualcomm, Mark Widmar from First Solar, and Stephen A Schwarzman from Blackstone.
Moving ahead with the economic reforms, the Cabinet tonight cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment.
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.
'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 ministry on Tuesday approved the procurement of military equipment and weapons worth Rs 28,000 crore that included swarm drones, carbines and bulletproof jackets.
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.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Pressing ahead with its policy to promote domestic military industry, the government has cleared procurement proposals worth over Rs 21,000 crore and also okayed a project for the production of transport aircraft which is open only to Indian private sector companies.
Pressing ahead with its policy to promote domestic military industry, the government has cleared procurement proposals worth over Rs 21,000 crore and also okayed a project for the production of transport aircraft which is open only to Indian private sector companies.
'The wise men learn lessons in war.' 'The smart men learn lessons from others, it's only the foolish who learn the wrong lesson.'
That Australia is ready for a substantive engagement is evident from its 2013 Defence White Paper, which emphasised the need to build stronger defence relations with India, says Ajai Shukla
India and the United States are destined to be partners at the world stage due to their shared common values and outlooks on a wide range of issues, the Pentagon has said as US Deputy Secretary of Defence Ashton Carter concluded his highly successful trip to New Delhi.
