New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
New Delhi: India has set a target of $26-billion defence industry by 2025 and to achieve this target, the Narendra Modi government has taken several policy measures through the Ministry of Defence. Minister of State for Defence Shripad Naik told members of Parliament of India from the Council […]
New Delhi: India’s Defence Acquisition Council (DAC), chaired by Minister of Defence Rajnath Singh, today approved capital procurement plans of the armed forces worth over $466 million (Rs 33 billion/Rs 3,300 crore) for indigenously designed and developed equipment. Providing the much-needed impetus to the ‘Make in India‘ initiative […]
