Monthly Archives: February 2016

The Government is actively considering a separate set up for defence acquisition at capital as well as revenue level and also for the Ordnance Factory Board (OFB) to help in speedily implementing the weaponries/ equipment requests from the Defence Services. However, it is likely to take another six months for the concept to...

Defence Ministry under the 'Make in India' scheme has given in-principle approval for manufacture of specialist ammunition to private industry for the army. The note is being processed for the approval from CCS and Defence Ministry will take up the case with the Home Ministry and the Ministry for Chemical and Fertilizers to...

In the current Financial Year 2015-16, 33 capital acquisition proposals worth approx. Rs 55800 Crores have been accorded ‘Acceptance of Necessity (AoN)’under ‘Buy (Indian)’ and ‘Buy & Make (Indian)’ categories of capital acquisition by the Ministry of Defence (MoD) till Jan 2016.

Source:http://pib.nic.in/newsite/PrintRelease.aspx?relid=136917...

In the last three years, India has signed 162 contracts worth Rs. 133093.29 Crores with Indian and foreign vendors for procurement of various defence equipment, including Ships, Missiles, Rockets, Simulators, Tanks, Guns, Aircrafts, Helicopters and Radars.  The 162 contracts include 95 contracts signed with Indian vendors and 67 with vendors from foreign countries...

Indigenously-built first nuclear powered submarine, INS Arihant, has passed several deep sea diving drills as well as weapons launch tests successfully and is now ready for full fledged operations. It is the first of five nuclear missile submarines or SSBNs planned for induction. The submarine is to be equipped with K 15 (or...

In the latest Defence Acquisition Council (DAC) meeting, defence ministry on 23 Feb 16 has asked defence services to review their capital acquisition proposals and budgetary requirement for the next 10 years and also to project their requirements as per relevance. DAC has approved:

• The issue of Letter of Intent for Mine Countermeasure Vessels for the...

FDI amounting Rs 24.84 Crores has been received in the Defence Sector from April 2000 to September 2015. So far, 34 FDI proposals/Joint Ventures have been approved in defence sector for manufacturing of various defence equipments both with Indian public and private sector companies.

Source:http://pib.nic.in/newsite/PrintRelease.aspx?relid=136917...

Seven Indian companies are likely to have supplied Improvised Explosive Devices (IED) components to entities in Lebanon and Turkey. These Indian firms were mostly found to be manufacturing detonators, detonating cords and safety fuses. Source:http://www.hindustantimes.com/world/islamic-state-bomb-components-come-from-20-countries-including-india-report/story-ZYIkLPeA7tqCazfIiLLkuM.html...

The Ministry of Defence (MoD) has signed number of Memorandum of Understanding (MoUs) with global companies including manufacturers of jets and helicopters. The production of helicopters and aircraft in the country will create employment opportunities for around 100,000 skilled workers.

Source: http://www.businessworld.in/article/Defence-Ministry-Signs-50-Manufacturing-MoUs-With-Global-Helicopter-Jet-Makers-/16-02-2016-91168/  ...

Kalyani Group has tied up with Swedish defence major SAAB to form a joint venture firm for the Short Range Surface to Air Missile (SR-SAM) and Man-Portable Very Short-Range Air Defense (VSHORAD) programmes. If they win the contract, the production in India will comprise of subsystems and systems for SRSAM and VSHORAD with...