Search Result for : Defence Manufacturing

Tata group's revenue from defence & aerospace is about Rs.2650 crore, an increase of 7.5% from last year The Dollar Business Bureau Last week, Tata Group signed agreements with Bharat Forge and General Dynamics Land Systems (GDLS) to manufacture FICVs (Fighting Infantry Combat Vehicle) for the armed forces   With the government making attempts to reduce arms imports and boost defence manufacturing in the country under the Prime Minister-led Make in India initiative, Tata Group - one of Indias major defence manufacturers and exporters looks set to more than double its revenue to about $1 billion over the next five to seven years. Tata group, which forayed into defence manufacturing business in 1958, has been able to achieve a limited success. But after ...

The Dollar Business Bureau Prime Minister Narendra Modi and the Prime Minister of Singapore, Lee Hsien Loong, exchanging MoUs post the signing ceremony, in Istana, Singapore on Tuesday   India and Singapore on Tuesday signed 10 agreements in the areas ranging from defence cooperation and civil aviation to urban planning and governance. With their agreement in defence sector, the two countries look to enhance cooperation between their defence industries and identify areas of co-production and co-development of defence equipment. They also aim to undertake regular joint exercises between their armed forces and conduct defence ministers’ dialogue. Singapore also expressed willingness to be a part of India’s developmental goals through ‘Make in India’ campaign as the former looks to jointly manufacture defence ...

The Dollar Business Bureau In a major boost to commercial and defence manufacturing, Boeing and Tata Advanced Systems (TAS), on Monday, announced the formation of a joint venture (JV) for manufacturing aerostructures for aircraft and collaborate on integrated systems development opportunities in India. The JV will set up a facility to produce aerostructures for AH-64 Apache helicopter. Later, the venture will also look for manufacturing work packages across Boeing platforms, both commercial and defense. The partnership between the two companies intends to focus on opportunities to collaborate on development and selling of integrated systems. “Over the last 12 months, we have doubled our sourcing from India and are committed to continue that journey. This JV is a clear example of Boeing’s ...

Source: PTI India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel in New Delhi after which 18 MoUs were inked. Describing the talks as “very good”, both the leaders expressed hope that their discussions will pave the way for more robust partnership between the two countries in strategic areas. “We see Germany as a natural partner in achieving our vision of India's economic transformation. German strengths and India's priorities are aligned. “Our focus tends to be on economic ties. But, I believe that in a world of seamless challenges and opportunities, India and Germany can also be strong partners ...

Source: Deepak Kumar The government on Monday announced that it will soon launch a new defence procurement policy in order to give a boost to the Prime Minister Narendra Modi-led “Make in India” initiative. “A lot has happened in the last one year. Some major decisions have been taken, especially in the defence sector. I think we will have a new defence procurement policy coming up soon,” said Amitabh Kant, Secretary of the Department of Industrial Policy & Promotion (DIPP). Speaking at the “Indo-German Business Roundtable” conference on Monday, Kant urged the German business delegation to increase investments in India and said the government was ready to relook the FDI rule and it could enhance FDI to 100% from 49% in cases of ...

The Dollar Business Bureau Reliance Defence Limited (RDL) on Monday said that it has signed an agreement with Emirates Defence Industries Co. (EDIC) to jointly develop defence products, ships, aviation and MROs.  “RDL and EDIC have agreed to jointly explore the opportunity for manufacturing and building capabilities in defense vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships, MRO of military equipment/platforms,” the company said in a statement.  Through this MoU, the two companies will explore the opportunity in the UAE defense industry, where the costs for setting up facilities, recruiting and developing scientists and engineers are high.  This partnership is aimed at bringing synergy to cut down operational costs and leveraging each others’ ...

The Dollar Business Bureau India’s microwave radio system manufacturer Astra Microwave Products Ltd on Monday announced that it will form a joint venture with Israeli defence manufacturing company Rafael Advanced Defense Systems Ltd to produce high-tech signal intelligence system used in defence communication. The two companies have agreed to invest $20 million over the next two years. The joint venture company will be based in Hyderabad and it is expected to start operation in the first half of 2016. “To start with, ASTRA and M/s Rafael will own 51:49 in the JVC and will become 50:50 subject to regulatory approvals,” Astra Microwave said in a statement. India and Israel have long enjoyed a close commercial relation, especially in defence sector. India is one ...

Source: PIB, Government of India PM makes a strong pitch for investment in India at roundtable meeting with business leaders. The Prime Minister, Narendra Modi, on Monday, visited Masdar City, a planned city project in Abu Dhabi, which relies on solar energy and other renewable energy sources. At a roundtable meeting with business leaders at Masdar city, the Prime Minister made a strong pitch for investment in India, saying that an immediate potential of one trillion dollar worth of investment existed in the country. He said India now had a decisive government with full majority, and several sectors including insurance, railways, defence manufacturing have been opened up for foreign investment. He touched upon renewable energy, port-led development and low-cost housing as ...