Bharat Electronics’ LICEWS order cleared Ministry of Defence has approved the procurement of P-8I Training Solution and Low Intensity Conflict Electronic Warfare System (LICEWS).
Provision to cut down on procurement cycle The Minister of State for Defence Dr. Subhash Bhamrein has elaborated on the Defence Procurement Procedure (DPP) in parliament on 3 Jan 2018.
Govt approves Rs.1,381 crore facility upgrade The government has approved an investment of Rs.1,381.04 Crores for fast track production of Light Combat Aircraft (LCA) to 16 from eight at Hindustan Aeronautics Ltd (HAL).
BEML divestment deferred The government has given Budget Estimate (BE) for disinvestment during the year 2017-18 as Rs.72,500 crore.
Technology proposals not seen in FDI beyond 49% The Indian Defence Sector has not received any foreign technology development proposal since June 2016 when foreign direct investment was revised for international participation.
Tech-savvy war-asset acquisitions identified The Government has finalized the policy on Strategic Partnerships in the Defence Sector for broader participation of the private sector.
Industry gets fundings and initiatives support. Manufacturing of heavy-duty defence hardware in India is gaining momentum with the government accelerate supporting initiatives.
Govt encourages defence equipment manufacturing. Details of India’s defence agreements signed with Russia over the past five years is as under:
It will ensure transparency and fair competition. The Government has finalized the policy on Strategic Partnerships in the Defence Sector to institutionalize a transparent, objective and functional mechanism to encourage broader participation of the private sector in manufacture of major defence platforms and equipment, such
Bid opens 22 June. Ministry of Defence has called a tender for Design drawing manufacture supply installation testing commissioning of 100 KWP grid interactive rooftop solar power plant with its operation maintenance for five years at Kolkata.