Foreign Direct Investment (FDI)

‘Gujarat Will Be a Major Defence Manufacturing Hub’: PM

Neeraj Mahajan -
  "Gujarat has the potential to develop as a major defence manufacturing hub in the days to come,” Prime Minister Narendra Modi said while inaugurating the 12th DefExpo 2022 in Gandhinagar. Gujarat has the right ingredients to...

French Naval Group Hails FDI Limit Hike

Admin -
  New Delhi: The move by the Narendra Modi government to hike Foreign Direct Investment limit to 74 per cent in the defence sector has been welcomed by French firm Naval Group saying it will...

$5 trillion Economy Target can be Achieved through Increased Private Sector Participation in Defence Manufacturing: Defence Minister

Admin -
  New Delhi. Defence Minister Rajnath Singh has called for an increased participation of the private sector in defence manufacturing to realise the Government’s vision of making India a $5 trillion economy by 2024. In...

1,586 Border Violations by Pakistan in 2019, Lok Sabha told

Admin -
  New Delhi: There have been 1,586 incidents of ceasefire violations in 2019 and 646 incidents of ceasefire violations during the first two months of 2020 up to February 23, on Indo-Pak International border as...

Government to Appoint About 10 Defence Attaches to Boost Defence Exports

Admin -
  New Delhi: With a view to boosting defence exports and defence cooperation with more countries, the Narendra Modi government has plans to appoint at least 10 new Defence Attachés (DAs) while identifying such countries. Defence...

Defence Minister Flags off 51st Vajra-T Gun

Admin -
  New Delhi: Defence Minister Rajnath Singh on January 16 flagged off 51st K9 VAJRA-T Gun from Larsen & Toubro (L&T) Armoured System Complex at Hazira in Gujarat. Addressing a gathering on the occasion, he...

Govt Preparing Long Term Blueprint for Defence Companies

Admin -
New Delhi: In a move to boost domestic defence production, the government plans to announce several steps under a policy to be unveiled in about a month, defence production secretary Subhash Chandra said on...

MoD Inks Defence Offset Contracts Valued at US$5.67 Billion

Admin -
New Delhi: The Ministry of Defence (MoD) has signed defence offset contracts with a cumulative value of US$ 5.67 billion in the last three years, Lok Sabha was told on November 20. In a written...

Defence Minister Says India Committed to Achieving US$26 Billion Defence industry

Admin -
  New Delhi: Defence Minister Rajnath Singh on November 19 exhorted manufacturing companies participating at the Defence & Security Exhibition 2019 in Bangkok, Thailand to become part of Make in India reaffirming the Government’s commitment...

Naval Group launches the construction of the first digital frigate for the French Navy

Admin -
  The steel-cutting ceremony of the first defence and intervention frigate (FDI) took place on the Naval Group site of Lorient. The ceremony was led in the presence of the Minister for Armed Forces, Florence...

FDI in Defence Sector Likely to be Hiked to 74%

Admin -
New Delhi. In a move to boost the defence sector, the government is likely to hike Foreign Direct Investment (FDI) to 74 per cent from the existing 49 per cent and boost local production...

Xi-Modi Informal Summit

Bhushan Kumar -
  Taking place in the backdrop of the abrogation of Article 370 which had given special status to Jammu and Kashmir and creation of Union Territories of the border state, the Second Informal Summit between...

Government notifies special exceptions in defence procurement policy

Admin -
New Delhi: In a move to encourage startups in defence procurement, the government has notified special exceptions which would encourage them to bid for contracts valued less than Rs 150 crore without the burden...
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