Under the Prime Minister Shri Narendra Modi’s larger vision of pushing Make in India, the Ministry of Defence has taken multiple measures to promote indigenisation in the defence industry. In the 2018 budget, two Defence Corridors were announced in Tamil Nadu and Uttar Pradesh. Subsequent to the announcement, the process has begun to set up these corridors. As one of the first steps to initiate development of the Tamil Nadu Defence Corridor, an interactive meeting with local industry was held at Tiruchirappalli.
Since the launch of ‘Make in India’ programme in 25September 2014, so far, 12 foreign investment proposals have been approved in defence sector under Government route. In BDL government has proposed to offer 12% shareholding through Initial Public Offering. In BEML, government has given in principle approval of strategic disinvestment of 26% shareholding of BEML out of Government of India shareholding of 54.03% with transfer of management.
DefExpo 2018 will, for the first time, project India’s Defence manufacturing capabilities to the world. This is reflected in the tagline for the Expo, which is ‘India: The Emerging Defence Manufacturing Hub’. DefExpo 2018 will brand India as a defence exporter of several defence systems and components for all three Services Army, Navy and Air Force. While showcasing strengths of India’s substantial public sector, it will also uncover India’s growing private industry and spreading MSME base for components and sub-systems.
DefExpo India has become one of the largest events of its kind in the world for the last 10 years. For the first time DefExpo is being held in Chennai and there is tremendous response to the event. The location of the event is Tiruvidanthal, Kancheepuramdistrict on the East Coast Road near Chennai. Shortly, after announcement of the dates of DefExpo 2018 there is overwhelming response for participation from both foreign countries and domestic defence industries. 42 countries have already confirmed their participation and the number is expected to grow in the coming days.
The Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt. Nirmala Sitharaman, met and accorded approval to Capital Acquisition Proposals of the Services and Coast Guard valued at approximately Rs 9435 crore. In a major boost to the Make in India initiative the DAC accorded approval for procurement of 41000 LMGs and over 3.5 Lakh Close Quarter Battle Carbines under Buy and Make (Indian) category These weapons are an essential component of a soldier’s fighting equipment and will provide a major filip to the fighting capability of the troops. Out of total quantities envisaged, 75 percent will be through Indian Industry under 'Buy & Make (Indian)' category and balance through OFB.
A Rs 2,000 crore ($300 million) chopper deal for the Indian Coast Guard, which was meant to be a key takeaway from French President Emmanuel Macron’s visit to India next month, has hit an air pocket and is on the verge of being cancelled. Differences between the Defence Ministry and European manufacturer Airbus over commercial bids earlier this month have resulted in a technical lapse in the procurement process.
As part of lndo-US Bilateral Defence Cooperation, the 8th Defence Technology and Trade Initiative (DTTI) Inter Agency Task Force Meeting was held here. The meeting was co-chaired by Deputy Chief of Integrated Defence Staff Vice Admiral A K Jain and Acting Director, International Cooperation Mr Matthew Warren. The DTTI was initiated as an idea by former US Secretary of Defence Dr Ashton Carter in 2012. The aim of DTTI is to bring sustained leadership focus to the bilateral defence trade relationship and create opportunities for co-production and co-development of defence equipment.
DRDO successfully flew its Rustom 2 today at its Aeronautical Test Range (ATR) at Chalakere at Chitradurga. This flight assumes significance due to the fact that this is the first flight in user configuration with higher power engine. All parameters were normal. Secretary Deptt. of Defence (R&D) & Chairman DRDODr. S. Christopher, Director General of Aeronautical System Dr. CP Ramanarayanan, DG Electronics & Communication SystemsMs. J Manjula along with senior scientists witnessed the flight and congratulated Rustom team.