India, Israel keen on Make in India for defence manufacturing
Sai Nikesh | The Dollar Business A day after the “Aero India” show, the Government of India is pitching for indigenous construction of $8billion worth six nuclear-powered submarines and Rs 1 lakh crore-and above-worth seven stealth-technology-enabled frigates promoting domestic manufacturing. According to a report, the Indian Cabinet Committee on Security (CCS) has taken decision to build six nuclear submarines to strengthen India’s naval power in the Indian Ocean, besides the construction of seven stealth-technology-enabled frigates under the Rs 50,000 crore Project 17-A in Mumbai and Kolkata under Make in India policy. Simultaneously, India is soon to approve an order of two ‘Phalcon’ class interceptor aircraft from Israel Aerospace Industries (AIA) to the tune of $1.1 billion. Deal to purchase radar ...
Aero India a launch pad for domestic defence manufacturing sector: PM
Jayarama Emani | The Dollar Business The 10th edition of Aero India kicked-off in Bangalore today with Narendra Modi, Prime Minister of India, formally inaugurating it. Speaking at the event which had participation from 250 Indian companies and more than 300 international firms, Modi said, “For me this is not just a trade fair for defence equipment, but a platform to launch India’s defence manufacturing sector.” Stressing the need for a strong defence industry, Modi said that investments in defence can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country. Turning his focus on his pet project, ‘Make in India’, the PM said that India’s defence industry in private sector though small, ...
