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 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.'
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 issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
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.
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.
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.
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.
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
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
'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.)
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.
Vouching for preserving its independence and sovereignty, Muizzu made a firm commitment to ensure that the Maldives remains "free of any foreign military presence."
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.
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.
With successful introduction of such a policy by the defence ministry two years ago, the government has secured feedback from 47 ministries and departments for adopting the offsets at the national level in all sectors. A committee of secretaries, headed by the cabinet secretary, will be giving the final touches to the policy soon before it is placed before the Union Cabinet, a high level source in the commerce ministry said on Saturday.
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.
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.
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.
Close on the heels of Boeing's defence of India to the US International Trade Commission's investigation into India's trade, investment and industrial policies, IBM has also sprung to New Delhi's defence in an otherwise sea of criticism of India's violations of intellectual property rights, local content requirements, among other issues of concern to US business and industry.
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.
'The wise men learn lessons in war.' 'The smart men learn lessons from others, it's only the foolish who learn the wrong lesson.'
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.
The PM's vision of a lean, agile, mobile and technology driven force requires more than 1.7 percent of GDP that it now gets.
Russia made the commitment during the meeting between defence minister Rajnath Singh and his Russian counterpart Gen Sergey Shoigu in Moscow, sources said.
The ministry of defence has cleared the names of eight private companies for the manufacture of spares and parts needed for the combined forces, Joint Secretary of Department of Defence production and supplies, Alok Perti, said.
The navy's need for shallow water anti-submarine craft stems from the peculiar nature of the Arabian Sea bed, which is extremely shallow even tens of nautical miles from the coast.
Against the backdrop of growing Chinese assertion in the Asia-Pacific region, India on Thursday said it supports the "freedom of navigation" in international waters noting that any disputes or differences in the region must be resolved diplomatically.
Tuesday's talks between Modi and Trump are likely to send across a clear message of growing congruence of interests between India and the US on major geopolitical developments in the region and beyond, particularly when China has been expanding its military and economic clout.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
The ministry said the rocket system has been upgraded with advanced technologies enhancing the range to meet the emerging requirements.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
The procurement proposals were approved by the Defence Acquisition Council headed by Defence Minister Rajnath Singh, the ministry said.
111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.
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).
Ordering more Akash systems is essential for the Indian defence industry.
