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Monthly Archives: April 2021

INDIAN DEFENCE BUDGET 2021-22 – AN ANALYSIS

RITIKA BEHAL

India needs to increase its defence allocation and committed funding through substantial Budget allocation to cover the procurements of new weapons and equipment besides adequately cover for the inflation.

India's defence budget outlay for the financial year 2021-22 is...

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HAL reports revenue of over 22,700 Cr in FY 20-21

DPSU Hindustan Aeronautics Limited (HAL) has reported a record revenue of over Rs 22,700 Crores during 2020–21. The revenue is about Rs 1,300 Crores more as compared to the corresponding period in the previous fiscal which stood at Rs 21,438 Crore, witnessing a growth of 6%. The record revenue was accomplished with the...

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Another batch of three Rafale fighter jets reaches India

A fourth batch of three Rafale fighter jets have reached India after flying non-stop from France. With this, the size of the Rafale fleet with the Indian Air Force has increased to 14. India is expected to get five more Rafale jets from France by April-end with all the deliveries slated to be completed by...

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India, South Korea agree to go for joint production

During the recent visit of South Korean Minister to India, both the countries have agreed on to further boosting of the defence and security ties. Further, they have decided to go for joint production and export of military hardware, enhance intelligence sharing and boost cooperation in cyber and space domains.

Notably, South...

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Indian Navy set to lease utility helicopters

The Indian Navy has decided to go ahead with the leasing of new Utility Helicopters for a two-year period, and that too only from Original Equipment Manufacturers (OEMs). A RFI is this regard is expected to be issued soon. The development comes as the nearly $3 billion plan to procure 111 Naval Utility...

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Tata Motors completes transfer of its defence business to TASL

TATA Motors Limited (TML) has completed the transfer of its Defence business with effect from 1 April 2021 to TATA Advanced Systems Limited (TASL) for an upfront consideration of Rs 228 Crores. The sale of Defence business to TASL is in line with TATA Group’s strategy of consolidating the defence businesses under a...

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Malaysia considers purchase of Tejas Fighter Jets

Malaysia has expressed interest in purchasing India's HAL developed Light Combat Aircraft (LCA) Tejas. A Malaysian Air Force team is expected to visit India soon in this regard, to assess the suitability of the aircraft. The initial requirement is for 12 jets by the Malaysian Air Force, with options for 24 more in...

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Defence Ministry comes out with draft policy for ‘Revenue Procurements’

The Defence Ministry has come out with a draft version of Defence Procurement Manual (DPM), with the Defence Ministry requesting the stakeholder to come up with their feedback by mid-April. The draft DPM envisages new rules which basically govern ‘revenue procurements’ and will eventually replace the existing DPM, which was introduced in 2009.

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