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Naval group in talks with both MDL and L&T for submarine project, says exclusivity needed

22/06/2020

Leading naval manufacturer Naval Group has confirmed that it is in touch with both the Indian shipyards shortlisted for the ambitious P 75I submarine contract but believes that an exclusive arrangement needs to be worked out to take ahead the project. The Rs 45,000 crore project has recently moved onto the next step with the shortlisting of two Indian shipyards MDL and L&T and five foreign companies they can collaborate with to acquire design and manufacturing technology.

Make in India gets a big boost; MoD places indent for supply of 156 upgraded BMP Infantry Combat Vehicles of value Rs 1,094 Cr on OFB

02/06/2020

In a major boost to ‘Make in India’ initiative of the Government, Acquisition Wing of Ministry of Defence (MoD) with the approval of Raksha Mantri Shri Rajnath Singh, has placed an Indent on Ordnance Factory Board (OFB) for supply of 156 BMP 2/2k Infantry Combat Vehicles (ICV) with upgraded features for use of the Mechanised Forces of the Indian Army. Under this Indent, the ICVs will be manufactured by Ordnance Factory, Medak in Telangana at an approximate cost of Rs 1,094 crore.

Bharat Electronics Ltd pays interim dividend of over Rs 174 crore

12/03/2020

Raksha Mantri Shri Rajnath Singh received a cheque of Rs 174.43 crore as interim dividend from Bharat Electronics Ltd (BEL), a Defence Public Sector Undertaking (DPSU). Chairman and Managing Director of BEL Shri M V Gowtama presented the cheque to the Raksha Mantri. The BEL has declared 140 per cent interim dividend (Rs 1.40/- per share of Re one face value) to its shareholders for the financial year 2019-20. It pertains to the Government holding in the DPSU.

India was 2nd largest arms importer in 2015-19, Russia’s share of Indian arms market declined

09/03/2020

India retained its position as the world’s second largest arms importers during 2015-19, with Russia remaining the largest supplier even though its share of Indian weapons purchases declined from 72% to 56%, according to a leading think tank that tracks arms transfers. The Stockholm International Peace Research Institute (SIPRI) said in its annual “Trends in international arms transfers 2019” report, released, the five largest arms importers during the five-year period were Saudi Arabia, India, Egypt, Australia and China, which together accounted for 36% of all arms imports.

Indian Army’s plan to privatise base workshops faces resistance

04/03/2020

A project to bring in private firms to operate the army’s workshops is facing resistance from its officials. Under the proposed Government-Owned Contractor-Operated (GOCO) model, private contractors were to operate the army’s base workshops that repair and overhaul equipment from guns and vehicles to tanks and helicopters. Officials who are opposed to the move have claimed that it could increase the cost and that private companies in India didn’t have the skills to carry out this work.

Defence Expenditure as a part of GDP

02/03/2020

It may be seen from above data that Defence Budget as a percentage of GDP may appear to be decreasing due to increasing trend in the growth of GDP. However, it is increasing in absolute terms, implying higher spending. In BE 2019-20, total Defence Budget (including Miscellaneous and Pensions) is Rs. 4,31,010.79 Crore, for the year 2019-20, which is 15.47% of total Central Government Expenditure. In BE 2019-20, Capital Budget of Ministry of Defence is approximately 31.97% of the total capital expenditure of the Central Government Expenditure.

India pips Russia, Poland to secure $40 million defence deal with Armenia

01/03/2020

In a major boost to the country's defence sector, India has reportedly overtaken Russia and Poland to win a $40 million defence deal to supply four indigenously-built weapon locating radars to Armenia in Europe. The deal is being seen as a major achievement for 'Make in India' programme in the defence sector. The deal is for supplying four SWATHI weapon locating radars developed by the Defence Research and Development Organisation (DRDO) and manufactured by the Bharat Electronics Limited (BEL) to Armenia in Europe.

Raksha Mantri Shri Rajnath Singh inaugurates new Light Combat Helicopter Production Hangar at HAL Complex in Bengaluru

27/02/2020

Government has adopted Prime Minister Shri Narendra Modi’s mantra of “Make in India’, for India and the world” to build strong defence and security infrastructure in the country. This was stated by Raksha Mantri Shri Rajnath Singh after inaugurating the new Light Combat Helicopter Production Hangar at Helicopter Division in Hindustan Aeronautics Limited (HAL) Complex at Bengaluru, Karnataka, in the last five years, India has made significant progress towards manufacturing military equipment indigenously under the 'Make in India' initiative.

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