In May 2017, Ministry of Defence (MoD) introduced a new chapter in the Defence Procurement Procedure (DPP) – 2016 titled as ‘Revitalising Defence Industrial Ecosystem through Strategic Partnerships’. It is better known as SP Model. Through this groundbreaking policy initiative, MoD aims to develop “the defence industrial eco-system in the country through the involvement of both the major Indian corporate as well as the MSME sector.”
Raksha Mantri Shri Rajnath Singh reviewed activities of the Ministry of Defence. The RM was briefed regarding Defence Cooperation activities with Friendly Foreign Countries (FFCs). He was also briefed about planning activities of the Armed Forces including Tri-Services agencies viz. HQ IDS and Defence Cyber Agency, Defence Space Agency and Armed Forces Special Forces Division which were approved by the CCS in 2019.
Since 2014, ‘Make in India’ is the buzz word in defence. The Narendra Modi led NDA government, in its tenure, has made some very significant policy changes in the defence sector to give more avenues to private players, provide level playing field between the public and private sector. Some of these changes have created some new challenges for the government of one of them is a reduction in the capital budget due to the introduction of Goods and Services Tax (GST).
BAE Systems demonstrated its continued support for the Indian economy and commitment to building its supply chain with Indian vendors as the company hosted its second annual Supplier Summit in New Delhi today. Nearly 100 vendors from Indian firms of all sizes attended the event in Aerocity.
Kalyani Group and Thales have formalized a new collaboration for the design, development and manufacture of next generation weapons systems for the Defence and Law Enforcement sectors in India and abroad.
Hindustan Aeronautics Limited recorded a turnover of over Rs. 19,400 crores (provisional and unaudited) for the financial year ended on March 31, 2019 (corresponding figure for the previous year was Rs.
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs.11,700 Crores (Provisional & Unaudited) during the Financial Year 2018-19, sustaining double digit growth (an increase of 16%) over the previous year's turnover of Rs.10,085 Crores.
The Lohia Group marked its entry into the Aerospace and Defence sector with the acquisition of Israel-based Light & Strong Limited.
The intent of the government at the Centre has been very clear – to aggressively indigenise the Indian defence industrial sector. But from ‘intent’ to ‘delivery’ there is a huge mismatch, primarily because the bureaucracy has been playing spoilsport.
The recently concluded 2018 edition of the ‘Zhuhai Air Show’ in China proved to be an exemplary demonstration of China’s aerospace industry’s high-tech competence and maturity in design, development and manufacturing of aircraft, drones, weapons, and sensors. While the Indian media provided very scant or no coverage, China watchers across the world were deeply impressed with the airshow. The Zhuhai airshow is held every two years and is part air-show and part arms-expo for new weapon systems developed by defence contractors.
The HAL’s Helicopter Division in Bengaluru received the first batch of helicopter structures and sub-assemblies manufactured by HAL subsidiary Naini Aerospace Limited (NAeL), Prayagraj for Advanced Light Helicopter (Dhruv). The ‘Certificate of Conformity’ of sub-assemblies and bottom structure assembly was formally handed over yesterday at a function in Naini. Mr. R.
New Delhi, Nov 02, 2018: Continuing with its remarkably reliable performance, L&T launched the fourth Offshore Patrol Vessel (OPV) today ahead of schedule for the Indian Coast Guard (ICG). The vessel was launched at the hands of Mrs. Chitra Chafekar at L&T’s Kattupalli Shipyard, near Chennai in the august presence of the Chief Guest, IG Vijay D Chafekar, PTM, TM, Commander Coast Guard Region (West) of Indian Coast Guard.
On November 4, 2018, Rosoboronexport, which is part of the Rostec State Corporation, celebrates the 18th anniversary of its founding. The Company was established in 2000 by decree of the President of the Russian Federation.
Navratna Defence PSU Bharat Electronics Limited (BEL) has during the second quarter of FY 2018-19, achieved a robust growth in turnover and consequently recorded a healthy growth in profit as compared to the 1stquarter of current year and corresponding quarter of the previous year.
The company has achieved a turnover of Rs. 3282.40 crore, during the 2ndquarter of FY 2018-19, registering a growth of about 35 %, over the turnover of Rs. 2431.73 crore recorded in the corresponding period of the previous year.