Search Result for : Defence

The Dollar Business Bureau  The Indian Prime Minister who visited the US and met the American President Donald Trump on June 26, also had a closed-door meeting with 20 top US CEOs the very same day. Many CEOs, according to Mukesh Aghi, President of US India Business Council (USIBC) who spoke to the Indian media, reiterated their ‘commitment to investing in India a very large amount.’ ‘Almost half a dozen of them made a very large dollar commitment,’ Aghi said, refusing to divulge the details of the amount and the names. The meeting which lasted for 90 minutes, ended on a positive, win-win note he said.  The PM had responded favourably to all the questions that the CEOs raised, which revolved around defence, ...

The Dollar Business Bureau  Reliance Infrastructure Ltd said on Thursday that its wholly-owned subsidiary Reliance Defence has signed a pact with French industrial conglomerate - Daher for manufacturing aerospace equipment. “This offers a great opportunity for both the companies to work together for aerospace composites parts manufacturer. There is an increasing demand in aerospace sector for the composite components,” said Reliance Infrastructure in a filing with BSE. Reliance Defence, while signing a memorandum of understanding (MoU) with Daher on the sidelines of Paris Air Show, envisions a strategic partnership with the company aiming to jointly explore possibilities in designing and manufacturing of composite parts; designing and building welded ducts, swaged pipes, metal conduits and cable harness supports; aerostructure components, airframes/assemblies, integrated logistics and other related ...

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

PTI The US has approved $75 million high-tech chemical protective clothing for the Indian armed forces that will protect soldiers against biological and chemical warfare. The Joint Service Lightweight Integrated Suit Technology (JSLIST) consists of 38,034 each: suits, pairs of trousers, pairs of gloves, pairs of boots and NBC bags; 854 aprons; 854 alternative aprons; 9,509 Quick Doff Hoods; and 114,102 M61 filters. The entire package also includes 38,034 M50 general purpose masks. The Defence Security Cooperation Agency (DSCA) made a notification to the Congress on May 10 after the State Department made a determination in this regard. India had made a request for these special clothing as part of its military modernization programme. In its notification to the Congress, the DSCA ...

PTI India is formulating policy to help major global defence companies set up manufacturing units in the country in collaboration with Indian firms, Finance Minister Arun Jaitley said. "Under our changed policy, we are in the future going to concentrate not merely in buying from the rest of the world, but encouraging global defence majors in collaboration with Indian companies to set up manufacturing units in India, Jaitley said at a reception hosted by India's Ambassador to the US Navtej Sarna. Jaitley, who holds the additional charge of the Defence Ministry, said the Union Government has made the initial policy changes while some more are being planned. "Hopefully in the years to come, the impact of this change ...

The  Dollar Business Bureau As part of the Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh, India is going to build two pipelines for diesel and natural gas between the two countries. The FoU was approved by the Cabinet soon after the recent visit of Bangladeshi Prime Minister Sheikh Hasina. The said FoU is non-binding in nature and expires after five years. With an objective of strengthening energy ties with its neighbours to enhance regional energy security, India will build a 131 km pipeline for diesel transportation from Siliguri in West Bengal to Parbatipur in Bangladesh. Another pipeline for natural gas will be laid from Dattapulia in West Bengal to Khulna in Bangladesh. The 'Friendship pipeline' which will offer a logistical alternative to rail transportation of diesel, will be entirely financed by India. The ...

PTI Projects worth USD five billion are expected to be discussed during the India visit of Malaysian Prime Minister Najib Razak, which started on March 30, as the two sides look at inking more than a dozen business deals. Prime Minister Narendra Modi and Najib will hold wide- ranging talks on April 1, during which the two sides will also try to take forward their cooperation in key areas of security, defence and counter-terrorism. Briefing reporters on the six-day visit, Jaideep Mazumdar, Joint Secretary (South) in the External Affairs Ministry, said, "Projects under discussion during the visit would amount to around USD five billion," and about 15 business agreements are also expected to be signed during a business event on April ...

By Abin Daya It has been over 19 months since the tumult over India’s GDP began. Many economists have questioned the government’s method of calculation since it was implemented in 2015. The latest announcement by the Indian government has placed the GDP at 7% which is a sudden increase from 4.7% as per growth estimates released in May 2013-14. The data released by the Central Statistics Office predict the GDP of Q3 FY17 at 7%. Let us look at the drivers behind it by breaking them up into components and comparing them with the previous figures. India’s GDP for Q3 of FY17 grew by 7% y-o-y, lower than the 7.4% (revised) growth of Q2 FY17 and higher than 6.9% of Q3 FY16 This has ...