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 — […]
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 Ministry of Defence today signed a Rs 20,000 crore (Rs 200 billion/$2.8 billion) contract with the state-run Ordnance Factory Board (OFB) to licence-build 464 additional T-90S main battle tanks for the Indian Army. The indent for the 464 of these tanks were issued to the […]
