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.
'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.)
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.
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.
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.
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.
Russia made the commitment during the meeting between defence minister Rajnath Singh and his Russian counterpart Gen Sergey Shoigu in Moscow, sources said.
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.
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.
The ministry said the rocket system has been upgraded with advanced technologies enhancing the range to meet the emerging requirements.
The procurement proposals were approved by the Defence Acquisition Council headed by Defence Minister Rajnath Singh, the ministry said.
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 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.
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.
111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.
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.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
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.
Indian troops are defending every inch of the border with China and not even a single inch of land has been taken over by the neighbouring country in recent years, Ladakh Lt Governor Brig (retd) B D Mishra said on Thursday.
In an address at the annual general meeting of industry chamber FICCI, Singh said the 'unprovoked aggression' on India's Himalayan frontiers is a reminder of how the world is changing and how existing agreements are being challenged.
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.
The defence ministry on Friday scrapped a scam-tainted tender worth over Rs 6,000 crore to procure 197 light helicopters from foreign vendors and decided to allow indigenous players to manufacture these choppers for the armed forces.
The Rs 1,700 crore contract is for 98 Blackshark heavyweight torpedoes for the navy's six Scorpene submarines. Ajai Shukla reports
In an interaction with the commanders at their ongoing biannual conference, Singh reasserted the faith of the billion-plus citizens in the Indian Army as one of the "most trusted and inspiring organisations" in the country.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
His visit to India followed a few cancelled plans since he took office in July 2019 due to the coronavirus pandemic crisis, with the two leaders holding several virtual talks and eventually meeting in person on the sidelines of the COP26 climate summit in Glasgow last November.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
The pact is significant as India has been sourcing its military jets from Russia and European consortia.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
Equipped with some of the best sensors in the world, its weapons package include sufficient wire guided torpedoes and sub-surface to surface missiles to neutralise a large enemy fleet, the Navy said.
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.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter's Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said. However, the number of people who will move to Infosys was not disclosed.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
The report also referred to Prime Minister Narendra Modi's visit to Israel in July 2017.
In a significant move to enhance its strategic resource security, India has officially released its first-ever critical minerals list, identifying 30 key critical minerals crucial to the nation's economic growth and technological development. This pioneering step aims at reducing import dependence, enhancing supply-chain resilience, and supporting the country's net-zero objectives. Union Minister Parliamentary Affairs, Coal and Mines Pralhad Joshi, while releasing the Critical Minerals for India report in New Delhi on Wednesday, said, "India is readying for an Atmanirbhar Bharat."
The senior defence official, however, refrained from describing the kind of responses that the two countries would respond to their common challenges.
