In a major boost to Mission Raksha Gyan Shakti, a Memorandum of Understanding (MOU) was signed between the Intellectual Property Facilitation Cell (IPFC), Department of Defence Production, Ministry of Defence and National Research Development Corporation (NRDC), Ministry of Science and Technology on 09 July 2019.
Raksha Mantri Shri Rajnath Singh today chaired a meeting to review the recommendations of the Task Force of Experts to evolve methodology to prevent ammunition accidents and minimise its effects.
At a ceremony earlier today, RAFAEL Executive Vice President & General Manager of the Air & Missile Defense Systems Division, Brigadier General (ret.) Pini Yungman, presented to Kalyani Rafael Advanced Systems Ltd, India (KRAS) a $100 Million contract for manufacturing 1,000 BARAK-8 MRSAM missiles' kits which in turn would be supplied to BDL for further integration. KRAS is a 49:51 ratio Joint Venture between RAFAEL Advanced Systems and Kalyani Strategic Systems Ltd, with the Indian partner holding 51%.
Military Commerce and its prospects increase with the escalation of military tensions and conflicts with the rapid increase in demand for advanced weapons. Tensions between India-Pakistan relations with unresolved border dispute and regional geopolitics in the 21st century created business opportunities for global military industrial powers.
To overcome the US imposed sanctions on the Russian defence exports, India and Russia have created a payment system which will not be vulnerable to any international sanction, said a Russian official.
The Chief Guest VAdm AK Saxena, PVSM, AVSM, VSM, Controller of Warship Production & Acquisition (CWP&A), addressed the media, delegates from the industry and Indian Navy during the Curtain Raiser on FICCI international Seminar on ‘Nation Building Through Shipbuilding’ today at FICCI Conference room, New Delhi.
Vice Admiral A.K. Saxena, Controller of Warship Production and Acquisition, Indian Navy today said that India needs to expand its capability in building world class warships to merchant vessels in the run up to the ‘International Seminar on Nation Building Through Shipbuilding’ later this month.
The newly elected Union Government at New Delhi, in its first budget, presented by Finance Minister Nirmala Sitharaman, on July 5, allocated over 15 per cent of the funds to defence. She also announced exemption from the basic customs duty to defence equipment not manufactured in India.
Specialists of the Mil Moscow Helicopter Plant, a subsidiary of the Russian Helicopters holding (part of Rostec) finished a series of Mi-38 flights conducted under the instrument flight rules (IFR), as well as in conditions of extremely high temperature and high altitude.
Over 300 presentations and live demonstrations of Russian military hardware were organized by the delegation of Rosoboronexport (part of the Rostec State Corporation) for foreign partners from over 40 countries at the Army 2019 International Military and Technical Forum in Kubinka near Moscow.
