Category: Defence

India relaxes performance guarantee rules for defence contracts

New Delhi: In a major relief to COVID-hit industry, India has relaxed the Performance Guarantee requirement for defence contracts to just three per cent of contract value from the existing five per cent to 10 per cent, and this tweaked rule will apply equally to both Indian and […]

Interview: Indian Coast Guard aims to have 200 ships, 100 aircraft soon

Indian Coast Guard Director General K. Natarajan, in this exclusive interview ahead of Coast Guard Day 2021, tells Defence.Capital editor N. C. Bipindra that due to increased responsibilities since 2002, the ICG is reviewing manpower, assets, infrastructure, maintenance and repair facilities requirement to meet emerging challenges. Ques.          As […]