Search Result for : Defence Ministry

The Dollar Business Bureau (Source: PIB) The Narendra Modi led government went in for a major reshuffle today at 10.30 am when new ministers were added to his team while some were elevated to the Cabinet rank. The ministers were inducted at the Rashtrapati Bhavan in the presence of the new President, Ram Nath Kovind. What is consdered to be a major change is the induction of three technocrats, Alphons Kannanthanam, a former Indian Administrative Service (IAS) officer, Hardeep Singh Puri, a former Indian Foreign Service (IFS) officer and Satyapal Singh, a former Indian Police Service (IPS) officer have taken oath as ministers. Dharmendra Pradhan, who earlier had the independent charge of the Oil and Petroleum Ministry, was the first one to take oath ...

The Dollar Business Bureau Targeting a highest ever revenue at Rs.17,900 crore for current financial year, state-owned aerospace and defence firm, Hindustan Aeronautics Limited (HAL) on Wednesday signed a Memorandum of Understanding (MoU) with the Ministry of Defence (MoD).  HAL has also put special emphasis on modernisation, capacity building and solar power plants, with the aim to attain a capital expenditure (capex) of Rs.1,300 crore, the company said in a statement. The MoU has charted out the targets on several performance parameters for the current fiscal. The MoU was signed by Ashok Kumar Gupta, Secretary in the Department of Defence Production, on behalf of Defence Ministry and T Suvarna Raju, CMD, on behalf of HAL. “The company’s thrust is on ‘Make in India’ projects such as Hindustan Turboprop ...

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 ...

PTI  Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said. During the meeting here -- the first cabinet-level interaction between the two countries under the Trump administration -- Ross is believed to have said that US has started the process of reviewing H1B visas issues and no decision has been taken on it yet, sources said. Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the ...

The Dollar Business Bureau At the inaugural of Aero India 2017, an International Aerospace and Defence Exhibition, Defence Minister Manohar Parrikar announced the government's plans to providing impetus to an indigenous production of defence aircraft. In particular, the government has sanctioned expenditure of Rs 359 crore to set up a second line of production for Light Combat Aircraft (LCA) Tejas. While this project is likely to commence in three months, the production process shall take a year and a half to get rolling. The Defence Minister also said that Hindustan Aeronautics Ltd (HAL) has been asked to augment production in various sectors by outsourcing in 'large quantities'. The government has also discussed the export potential of LCA Tejas with Hindustan Aeronautics Ltd and Indian Air Force, in its bid to touch the targeted $2 billion export mark for the defence sector. Parrikar, in order to align the ...

The Dollar Business Bureau The Minister for Defence Manohar Parrikar in a reply to a question in the Lok Sabha yesterday, has said that the government proposes to export Light Combat Aircraft (LCA) Tejas to other countries. Preliminary discussions with a few friendly countries are in progress. It should be recalled that Sri Lanka had expressed interest to purchase the Light Combat Aircraft Tejas in February 2016. Also during the recent International Airshow, at Bahrain, 2016 the HAL chief had revealed that there were many enquiries from countries to purchase LCA, Tejas. But major hurdles could be expected from countries like US, Israel, UK and Canada who have provided the key technology inputs needed to build the fighter jet. According to defence reports to the media sometime ...

Neha Dewan Dr. G Satheesh Reddy, Scientific Advisor to Raksha Mantri, said on Tuesday that strategic and futuristic technology in the defence sector can only come through real partnership with industry. “Industry should use imagination and innovation to build products for tomorrow,” he said while delivering the inaugural address at DEFTECH 2016 – Realising Make in India through Defence R&D -- organised by CII and supported by Defence Research and Development Organisation (DRDO). He further said that ‘Make in India’ should not stop at ‘Build to Print’ but also include indigenous design, development and manufacturing. Reddy urged the industry to engage with incubation centres of various universities which would complement the research initiatives of DRDO.   Senior officials from the Indian Armed Forces, Ministry ...

The Dollar Business Bureau With a focus to intensify military cooperation, India and Oman have signed four critical agreements, deepening the bilateral ties between them. The four agreements are on defence cooperation, maritime issues, marine crime prevention and flight safety information exchange. The agreement was signed after the maiden visit of Defence Minister Manohar Parrikar to Oman. Parrikar was on an official visit to Oman at the invitation of Minister Responsible for Defence Affairs of Oman, Bader Bin Saud Bin Harib Al Busaidi. The meeting concluded on Sunday. The minister spoke to the leadership about all the bilateral defence cooperation aspects and also the military to military exchanges. They also discussed views of regional developments of mutual interest. The minister reiterated the importance India attached ...