Search Result for : Defence Minister

The Dollar Business BureauIndia and Oman on Wednesday explored potential areas to enhance bilateral cooperation, as the navies from the two countries held meetings to discuss strategically important regional issues. Indian Navy Chief Admiral Sunil Lamba met Oman's Defence Minister Bader al Busaidi, Commander of Royal Navy of Oman and Rear Admiral Abdullah bin Khamis Al Raisi on the second-leg of his two-day visit to Oman. The two nations deliberated on bolstering engagement between their navies, amid the evolving security situations in the region. Lamba also met Chief of Royal Air Force of Oman Mattar Al Obaidani to jointly discuss the issues of strategic importance to both the countries. The Indian navy chief is will also visit the Sultan Qaboos Naval Academy and ...

The Dollar Business Bureau  The government has so far approved 36 proposals for foreign direct investment (FDI) and joint ventures (JV) in the defence sector for manufacturing of defence equipment. Karnataka and Maharashtra got the maximum number of proposals approved. “So far, 36 FDI/Joint Ventures proposals have been approved in defence sector for manufacture of various defence equipment, both with Indian public and private companies,” Dr. Subhash Bhamre, Minister of State for Defence, said in a reply to the Lok Sabha on Friday. The states of Karnataka and Maharashtra got the share of maximum FDI proposals with 12 and 9 proposals, respectively. From New Delhi 5, Tamil Nadu 3 and Telangana 4 proposals have been approved. One FDI/JV proposal each from Haryana, Himachal Pradesh and ...

The Dollar Business Bureau   Pakistan’s Army Chief Gen Raheel Sharif has assured complete security to the $46 billion China-Pakistan Economic Corridor (CPEC). He said this when he met China’s Premier Li Keqiang and Vice President of the Central Military Commission Fan Changlong on Monday. Gen Sharif admired the friendly relationship between Pakistan and China. He said that Pakistan is ready to cooperate in all means to achieve success from the CPEC. He further deliberated with Chinese officials on the steps to increase mutual cooperation in various aspects including training exchanges, defence technology and intelligence sharing and security of the CPEC. According to Li Keqiang, military-to-military relations and economic cooperation have strengthened the ties between China and Pakistan. He further called for higher level ...

The Dollar Business Bureau With an aim to facilitate Make in India in defence manufacturing, the government on Friday said it will soon unveil a new defence procurement procedure which will give more emphasis on indigenous equipment production. “The current Defence Procurement Procedure (DPP) is under amendment and is under the consideration of his (defence) ministry. The Defence Procurement Manual is under the process of internal vetting and is expected to be finalised by end June 2016,” Defence Minister Manohar Parrikar said while addressing the consultative committee in New Delhi. Earlier, the defence ministry had formed a committee to evolve a policy framework to suggest amendments required to remove bottlenecks in the procurement process. Since the launch of the first DPP ...

The Dollar Business Bureau    The United States has updated its policy on gas turbine engine technology transfer to India, said a joint statement issued on Friday after Defence Minister Manohar Parrikar’s four-day visit to the country. With the policy update, the United States will be able to expand cooperation in production and design of jet engine components to India. At the invitation of US Secretary of Defence Ashton Carter, the Indian Defence Minister made an official visit to the US from December 7 to December 10, 2015. He visited multiple defence facilities including US Pacific Command (PACOM), the Pentagon, and observed flight operations aboard the aircraft carrier USS Dwight D. Eisenhower (CVN-69). During their meeting, the two leaders looked forward ...

Source: PTI India’s defence export is likely to double this year, Defence Minister Manohar Parrikar on Friday said and called for tapping friendly countries to increase sale of military equipment. India could export defence equipment to friendly countries and also neighbours as such a move would help in strengthening relations with them, he said. He was speaking at Global Business Forum organised by the IIT Alumni Association at Bambolim on the outskirts of Panaji. The technocrat-turned-politician, an IIT Bombay graduate, is a member of the association. “Export should be encouraged as we have friendly relations with many countries. These countries look towards India for their defence needs and if India does not give them the required equipment, it does not make you ...

Source: PIB, Government of India During an official visit to India, Dr. Ashton Carter, the United States Secretary of Defence, met Defence Minister Manohar Parrikar and called on Prime Minister Narendra Modi. He also met the External Affairs Minister Sushma Swaraj and the National Security Adviser Ajit Doval. Before arriving in Delhi, Secretary Carter also visited the Eastern Naval Command. Parrikar and Secretary Carter discussed the India-U.S. defence relationship, and the broader India-US Strategic Partnership, and reaffirmed their commitment to expand and deepen the bilateral defence relationship. The two also reviewed the existing and emerging regional security dynamics. The Defence Minister and Secretary Carter signed the 2015 Framework for the India-US Defence Relationship, which builds upon the previous framework and successes ...

 Himanshu Vatsa | The Dollar Business Indian business community seems to have high expectations ahead of Prime Minister Narendra Modi’s five-day trip to China, South Korea and Mangolia, beginning May 14. According to reports, Indian and Chinese private companies are expected to sign business deals worth US$ 20 billion during the prime minister’s visit. The Federation of Indian Export Organisation (FIEO), an apex body of exporters, has expressed hope that the trip will bridge the trade deficit between India and China. “If exports have come down to less than US$ 12 billion in this financial year from US$ 18-20 billion recorded two years back, that means something is wrong with our exports strategy towards China. And I think there has ...