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Defence

Dec 12, 2019, 07.04 PM IST

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Steps being taken to promote defence exports: Government tells Lok Sabha

Defence Minister Rajnath Singh said self-reliance in defence production to meet the requirement of the armed forces was imperative from both strategic and economic perspectives. "Several steps have been taken to promote defence exports, including reduction in the time taken for issuing export authorisations," he said during the Question Hour.

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ET Prime Distribution
  • The combined arms sales of the three Indian arms companies listed in the top 100 were USD 5.9 billion in 2018— a decrease of 6.9 per cent on 2017. The three Indian companies on SIPRI's list of top 100 global arms firms are Hindustan Aeronautics Limited ranked 38, the Indian Ordnance Factories ranked 56 and Bharat Electronics Limited (BEL) ranked 62.

    The NGT had in September directed the Secretary, Ministry of Defence to file a status report in the matter after ascertaining the relevant facts and status of compliance of environmental norms from different concerned establishments within three months by e-mail. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel then summoned the concerned Joint Secretary.

    Defence Minister Rajnath Singh reviewed Passing out Parade of Indian Military Academy (IMA) in Dehradun on Dec 07. The passing out parade wa...

    The Lok Sabha passed the Citizenship (Amendment) Bill 2019 in the national capital on December 09. CAB had been tabled in the Lower House fo...

    Export Import Bank of India entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported line of credit (LoC) of USD 500 million, the RBI said in a notification on Friday. The LoC is for the purpose of financing defence-related procurement in Bangladesh, it said.

    It is expected that the two sides will sign the Industrial Security Annex (ISA) that will enable transfer of technology by a US firm to its Indian partners in the private sector. While several US companies, including Lockheed Martin and Boeing, are already working on defence products with Indian partners — mostly to meet offset obligations.

    The new centre in South Melbourne will offer protection from cyber-attacks to the organisations and will generate 100 new tech jobs for locals. According to Wipro Senior Vice President Raja Ukil, "The launch of the centre in Melbourne showcases Wipro's commitment to leverage local talent and specialised expertise to cater to the cyber security needs of the region."

    The Directorate General of Hydrocarbons (DGH) has launched a single window clearance system that connects upstream companies to different arms of the government, allows electronic filing of most applications.

    "A contract for manufacture of frigates under Project P 17A was signed in February 2015 with Mazagon Dockyards Limited (MDL), Mumbai valued worth Rs 45,000 crore while two frigates under Project P1135.6 are slated to be manufactured by Goa Shipyard Limited (GSL) under a contract signed in October 2018 worth Rs 14,100 crore," said Defence Ministry.

    The strategic direction needs to be provided by an overarching DIS which sets the course ahead , by taking a capability driven systems view of the entire gamut of defence manufacturing. The defence industrial policy of yesteryears which stipulated self sufficiency and self reliance did not amplify what was to be done to achieve these aims.

    New Delhi, Nov 30 (ANI): Japanese Minister of Defence Taro Kono visited Hindon base in Uttar Pradesh’s Ghaziabad on November 30. At the Hind...

    New Delhi, Nov 30 (ANI): India and Japan November 30 held Defence Ministerial Dialogue in Delhi. The Indian delegation was led by Defence Mi...

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