India-France collaboration in defence production India is set to become the world’s top five defence producer with exports of US$5 billion by 2025, said Dr Subhash R Bhamre, Minister of State for Defence.
DAs to increase efforts on defence manufacturing Defence Minister Nirmala Sitharaman has told India’s Defence Attaches (DAs) to enhance their role in implementing India’s defence cooperation and engagement with foreign countries.
Chennai to host defence market strategists International technologists and defence experts, with multi-billion dollar investment plans for India, have responded strong to the premier show, DefExpo 2018, which is being held next week in Chennai.
Local industry told to interact with Defexpo participants Defence Minister Nirmala Sitharaman met over 200 representatives from the industry for the Tamil Nadu Defence Corridor, which along with one in Uttar Pradesh, was announced in the current budget.
Sitharaman urges whole-hearted OEM participation Defence Minister, Nirmala Sitharaman, has underlined the need for revitalizing public sector units (PSUs) in defence sector and ordnance factories for meeting the ammunition needs of India’s defence forces.
SPs to enhance competition in the industry The policy on Strategic Partnerships (SPs) in Defence sector intends to institutionalise a transparent, objective and functional mechanism to encourage broader participation of the private sector.
Proposed JVs and PPPs in defence industry Some 18 Foreign Direct Investment (FDI) proposals have been rececived for the defence industry sector from April 2014 to December 2017, Minister of State in the Defence Ministry, Dr. Subhash Bhamre has told Parliament on 7 Mar 2018.
Bhamre list out shipyard divestment The government has approved 12 foreign investment proposals in defence sector since the launch of ‘Make in India’ programme in 25 September 2014.
Ministerial and top Armed Forces brass to lead delegations Major defence manufacturers from USA, UK, Russia, France, Israel, South Korea and Sweden are among others with confirmed participation in DefExpo India 2018 which is being held 11-14 April.
Mazagon launches submarine The Indian Armed Forces have signed 68 contracts worth Rs.1,24,291.33 crore with foreign vendors for capital procurement of defence equipment over the last three years.