No-more chakravyuh for MSMEs in defence-deals, Ravi Thodge
Sairaj Iyer Government contracts could be a great avenue for start-ups and MSMEs, but many perceive it to be a complicated route, similar to a confusing chakravyuh. Lt. Gen Ravi Thodge, ASVM, SM, VSM and Master General Ordinance with the Indian army (retd.) highlighted that this chakravyuh is fast disappearing. Speaking to a gathering of MSMEs at the World Trade Center, he shared that a defence-MSME partnership would not only help start-ups, but also offer the army indigenized products and local support. Speaking about how the initiative has been lacking over the past few years he said, “The basic desire to work with the army is lacking. In the past 2 years, I have been travelling and interacting with various MSMEs, and ...
China increases defence budget by 7.6%
The new increase, lower than last year's 10.1%, widens the gap further with the Indian defence budget which stood around $40 billion Source: PTI According to a budget report to the national legislature annual session, the government plans to raise the 2016 defence budget by 7.6 % to 954 billion yuan (about $ 146 billion) China on Saturday increased its defence budget by 7.6% to $146 billion for this year, citing militarisation of the Asia-Pacific, especially the disputed South China Sea, and deepening tensions with the US. The increase is the lowest in defence spending in six years in the wake of economic slowdown. China's GDP growth last year declined to the lowest in 26 years to 6.9%. Defending the increase in defence budget, ...
