New Delhi: India today said it has put in place simplified procedures for guarantees of foreign banks submitted by defence contractors during tenders, to speed up military acquisitions. “The Acquisition Wing of (the) Ministry of Defence (MoD) has promulgated a Standard Operating Procedure (SOP) to facilitate clarity in […]
(Editor’s Note: The views are that of the author’s. For the writer’s other interests, read the credit line at the end of the article.) By Rajiv Chib A resurgence of COVID-19 cases in India has forced domestic defence companies to reintroduce strict restrictions. It again threatens to increase […]
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 […]
New Delhi: India‘s army is scouting for Indian vendors to meet its needs for three different types of ammunition, all of them over a 10-year period. The requirement will be met through private sector only. The Master General of Sustenance of the Indian Army has issued the Requests […]
New Delhi: India‘s leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate Larsen & Toubro‘s (L&T’s) defence arm was today awarded the coveted ‘Green Channel‘ status for major naval weapon delivery systems. The Ministry of Defence‘s (MoD’s) Directorate General Quality Assurance (DGQA) accorded the status to […]
By Amit Cowshish The COVID-19 pandemic has, among other things, disrupted the manufacturing activities and left the supply-chain in disarray across the globe. Its impact on the ongoing contracts must be agonising the vendors as they may not be able to adhere to the delivery timelines, potentially exposing […]
New Delhi: India has signed a 1,500-rupee ($220-million) deal with Russia to arm its fleet of Sukhoi Su-30MKI fleet with the R-27 air-to-air missiles that provide a medium-range stand-off capability to the air force. The missiles, with an extended range, would add to the capabilities of the Su-30 […]
