New Delhi: After dithering for nearly three years on the fate of a Rs. 20,000 crore ($2.65 billion) programme for building four amphibious warships for the navy, India has retracted the tender issued in 2013, deciding to rewrite the project requirements to meet the modern threat perceptions and […]
(Editor’s Note: Updated with the outcome of today’s meeting of the lenders at paragraph 4.) By N. C. Bipindra New Delhi: Indian defence ministry’s hope of industrialist Anil Ambani‘s shipbuilding venture being revived through a take over by another company or operator has got into rough weather after […]
New Delhi: India’s top officer responsible for defence acquisition has just dropped the bomb: The recently announced hike in the country’s Foreign Direct Investment (FDI) norms to 74 per cent will not apply to the Strategic Partnership programmes that the armed forces are pursuing. This is big — […]
