'If there is a big enough order, then we would bring the assembly line for the M88 engine and other critical equipment to India.'
Once deployed and operational, it will be used to support the satellite imagery requirements of various agencies within the government of Singapore.
The Central Bureau of Investaigation has asked the defence ministry to blacklist six firms, including four international ones, for their alleged involvement in the Ordnance Factory Board scam.
The defence ministry will review all cases of blacklisted firms as it prepares a new list of such entities following the new policy unveiled by it which is a mixture of heavy fines and graded banning.
A worried army chief, General Deepak Kapoor, has protested to Defence Minister A K Antony about the derailing of vital defence purchases by allegations of corruption. On June 10, General Kapoor complained about the cancellation of army trials on the Pegasus ultra-light howitzer, after the manufacturer, Singapore Technologies Kinetics (STK), was suspended on suspicion of links with a discredited Ministry of Defence official.
The Singapore Technologies Telemedia (STT) and Telekom Malaysia (TMI) consortium has pulled out of the transaction for acquiring 47.7 per cent stake in Idea Cellular for a consideration of $390 million.
A consortium led by Singapore Technologies Telemedia Pte and Telekom Malaysia Bhd has bid for the one-third stake of AT&T Wireless Services Inc in Indian telecom major Idea Cellular Ltd.
The six satellites will be launched on PSLV-C29 from the Satish Dhawan Space Centre in Andhra Pradesh on December 16, 2015.
"Three 155 mm howitzers (Dhanush) have been handed over to the army recently for user's trial," GCF's Joint General Manager and PRO Sanjay Shrivastava told PTI today.
Even while rejecting Israel Military Industries' petition, the court has effectively granted foreign vendors the constitutional right to be treated equally with Indian companies.