Defence companies have $20-b deals in their sights

Source: The Hindu Business Line, Nov. 02, 2017

New Delhi: Mega defence contracts are up for grabs with the government likely to approve long-pending deals worth around $20 billion by December 31. These contracts will operate under the government’s ‘Make in India’ programme.

During a meeting last week, Defence Minister Nirmala Sitharaman and Defence Secretary Sanjay Mitra are believed to have assured the industry of clearing the deals by the year-end.

These defence programmes include the Futuristic Infantry Combat Vehicle (FICV), the Tactical Communication System (TCS) and the Battlefield Management System (BMS), all of which have been under discussions for almost a decade now. Once approved, these programmes will enable the Indian Army to take a quantum leap in modern warfare systems. Read the rest of this entry »


Russian, Japanese companies keen to supply amphibious planes: Nitin Gadkari

download (1).jpgSource: The Economic Times, Oct 29, 2017

Russian and Japanese firms have evinced interests in supplying amphibious planes to India which also include 50 seater such planes, Union Minister Nitin Gadkari said today.

In line with the government plans to convert 111 rivers into national waterways in the country, Gadkari said, proposals are being examined for introducing seaplanes at Yamuna, Ganga and other waterbodies.

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As defence sector opens up, Russian suppliers yet to find their groove

Source: The Hindu Business Line, Sept 10, 2017

Mumbai: Despite India opening up its defence industry to private players, Russian suppliers still find it more convenient to work with Indian public sector companies. Concerns over experience and expertise are the main reasons, experts say.

Since the new policy was approved in May this year, Russian defence companies — unlike OEMs from the US, Israel and Europe — have been less active in signing MoUs with Indian private sector players such as the Tatas, L&T, Reliance Infrastructure, M&M, Bharat Forge and Ashok Leyland. Read the rest of this entry »

Govt clears policy for strategic partnerships in defence

Source: Business Standard, May 24, 2017

New Delhi: The Union Cabinet on Wednesday “took note” of the Defence Ministry’s proposed Strategic Partnership model for encouraging indigenous manufacturing in the field of defence, Union Minister Arun Jaitley said.

Jaitley, who holds both the Finance and Defence portfolios, briefing journalists after a meet of the Union Cabinet said there has been an opinion for a long time that domestic manufacturing in defence should be pushed.

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Defence logistics pact will be a reality soon

Source: The Hindu Business Line, Jun 08, 2016

New Delhi: The LEMOA or the defence logistics pact between India and the US inched closer to reality with both sides finalising the pact during Prime Minister Narendra Modi’s visit. The pact now requires approval of the Cabinet Committee on Security (CCS).

“The text has now been frozen. But, the whole agreement has to be approved by the respective departments. The final approval has to be given by the CCS. Once approved it can be signed at a junior official levels and not necessarily require the Defence Minister’s presence,” a senior official of the Ministry of Defence told BusinessLine. Read the rest of this entry »

India, US ink defence pact

Source: Business Standard, Apr 13, 2016

aPhiladelphia: Starting his three-day visit to India in Goa on Monday, US Defense Secretary Ashton Carter declared that his Indian counterpart, Manohar Parrikar, is “one of the most important defence ministers in the world for me to interact with.”

The reason for this was illustrated on Tuesday, when the two announced a breakthrough logistics agreement; new, high-level maritime dialogue; cooperation on submarines and tracking commercial shipping in the Indian Ocean, and a significant expansion of high-technology defence cooperation. Read the rest of this entry »

Reliance Defence to partner Rafael for joint venture

Source: Business Standard, Mar 30, 2016

New Delhi: Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure Ltd, and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture (JV) company in India in the areas of air-to-air missiles, air defence systems and large aerostats.a

The strategic partnership with one of the world leaders in defence technologies, Rafael Advance Defence Systems of Israel will mark the entry of Reliance Defence in the complex field of air-to-air and air defence systems manufacturing in India, the company said in a press statement.The joint venture will have a 51 per cent holding from Reliance Defence and 49 per cent will be held by Rafael.

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