Search Result for : Defence Imports

The Dollar Business Bureau India, one of the world's largest defence importers, and Israel, globally known as a top exporter of military prowess, have signed a historic defence trade deal of $2 billion. Under the said deal, Israel will provide India with advanced surface to air missile (SAM) systems. These defence systems are used to target enemy aircraft, drones and missiles within a 50 km - 70 km range. The mega defence deal is a big step towards expanding bilateral defence cooperation between the two countries ahead of PM Modi's visit to Tel Aviv in July, 2017. This will also give a fillip to the total trade between India and Israel which stood at $4.9 billion as of 2015-16, registering negative growth every year since 2011-12, when it was at a high of $6.7 billion. Under the agreement, Israel has agreed ...

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 ...

Defence Procurement Procedure (DPP) 2016, which is under final stages of completion, to bring in effective measures to promote indigenization in defence The Dollar Business Bureau Defence Ministry is also coming up with a futuristic defence offset policy, which is in the draft stage   To bring down reliance on imports in the defence sector, Ministry of Defence is coming up with a new Defence Procurement Procedure (DPP) 2016, which is currently being finalised. An official information in this regard was given by the Defence Minister Manohar Parrikar in Lok Sabha on Friday. The new DPP will bring into effect measures to promote indigenization and self-reliance in defence. Enabling provisions for utilization and consolidation of Design, Development and Manufacturing infrastructure available in the country are ...

Sai Nikesh D | The Dollar Business Defence and nuclear partnerships are likely to be the central points in Modi-Obama talks later this month   While Russia is by far the largest supplier of arms to India, accounting for around 70% of India’s total arms imports, USA is keen to expand its presence as a prominent arms exporter to India which is the world’s largest arms importer. India, with its third largest armed forces in the world, is largely dependent on imports in the defence sector and 60% of its defence requirements is currently met by imports. According to the Stockholm International Peace Research Institute (SIPRI), USA climbed to the second position next to Russia in arms exports to India in ...

The Dollar Business Bureau India's Defence Ministry is reconsidering purchase of French Rafale fighter jets (pictured above) and may opt for the lower-priced Russian Su-30MKI to cut defence expenditure   Highlighting the importance of indigenisation of defence in India, Manohar Parrikar, Minister for Defence, Government of India, said today that a huge defence import bill to the tune of $20 billion is unaffordable and has undesirable consequences for the economy, development and unemployment in the country. Speaking at a seminar, “Gujarat: Preferred Hub for Defence Production”, held on the sidelines of Vibrant Gujarat 2015, Gandhinagar, Parrikar said that it is important to promote defence production in India for strategic reasons as well. “The country should not be dependent on defence imports,” ...