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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...
DPP 2020: Conclusion of a 5-year product support agreement with additions
New Delhi: The Union Ministry of Defence will introduce new chapters on post-contract management and procurement of ICT software and systems.These chapters will be also placed in public domain shortly as part of the draft of defence procurement proce...
Rajnath Singh unveils Draft DPP 2020 to further increase indigenous manufacturing
New Delhi: The draft Defence Procurement Procedure (DPP) 2020 aims at further increasing indigenous manufacturing and reducing timelines for procurement of defence equipment.The draft DPP 2020 was unveiled by Defence Minister Rajnath Singh here on Fr...
Make in India: DAC approves procurement of 83 Tejas for IAF
PC: Deb RanaNew Delhi: In a major boost to the government’s ambitious initiative “Make in India”, the Defence Acquisition Council (DAC) on Wednesday paved way for procurement of 83 indigenous Tejas fighter aircraft for the Indian Ai...
Defence Ministry relaxes rules for exporting components to select nations
New Delhi: Giving a major push to defence exports, Defence Minister Rajnath Singh on Thursday approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select ...
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...
In first meeting, Rajnath Singh directs indigenous solutions for forces
New Delhi: In his first meeting, Defence Minister Rajnath Singh on Thursday directed officials to seek indigenous solutions for meeting requirements of the armed forces to the extent possible. It was his first formal meeting after assuming charg...
DAC simplifies defence procurement procedure
Defence Minister Nirmala Sitharaman-headed Defence Acquisition Council (DAC) on Tuesday approved various measures to simplify the defence procurement procedure (DPP). In continuation of its efforts to streamline defence procurement procedures ...Results
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