No offsets applicable in IGA, G2G, single vendor

New Delhi: Offsets will not be applicable in three categories, including inter-government agreement, government-to-government (G2G) deal and single-vendor, a senior official in the defence ministry said on Monday.The official said the policy has not ...

DAC approves defence proposals worth ₹2,290 crore

Indian Army soldiers in Ladakh.New Delhi: The Defence Acquisition Council, which is headed by the defence minister, Rajnath Singh, approved proposals for capital acquisitions of various equipment required by the Indian armed forces at an approximate ...

Parliament: Foreign Direct Investment in defence sector

FDI inflows of over Rs 3454 crore have been reported so farNew Delhi: In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100 per cent for Indian private sector participation, with Foreign Di...

Rajnath reaffirms of achieving $26 billion Indian defence industry by 2025

New Delhi: Defence Minister Rajnath Singh on Friday called for an increased and active participation of the private sector in defence manufacturing to achieve the Government’s target of making the Indian defence industry worth $26 billion by 20...

DAC approves implementation guidelines for strategic partnership model

The Ministry of Defence at South Block, New Delhi. (File photo)New Delhi: The Ministry of Defence’s Defence Acquisition Council approved implementation guidelines for the strategic partnership model in defence purchases, on Monday. The move is ...

DAC approves defence equipment procurement worth Rs 5500 Cr

The Defence Acquisition Council (DAC), headed by Defence Minister Nirmala Sitharaman, on Thursday accorded approval for the procurement of equipment for the defence forces valued at over Rs 5500 crore. Pursuing the goal of indigenisation and...