India-Russia progress in defence co-operation through Make in India
The Dollar Business Bureau After fruitful negotiations between India and Russia as a part of the India-Russia Military Industrial Conference, two agreements were signed between Hindustan Aeronautics Limited (HAL) and United Aircraft Corporation and United Engine Corporation of Russia for long-term technical assistance and spare parts required to service the Russia-originated Su -30 MKI aircraft. Russia has broadly agreed to enter into joint ventures with Indian manufacturers for a seamless supply of spare parts and components necessary to maintain operational readiness of Russian-origin defence platforms used by the Indian Army. This positive development was brought about even as Defence Minister Arun Jaitley, in his inaugural speech, called upon Russian firms to extend defence cooperation with India in manufacturing, by sharing defence technology. This is deemed to be essential for the upkeep and up gradation of Russian defence equipment in India's ...
HAL finishes Rs.4.77 cr Kumudvathi rejuvenation project
The Dollar Business Bureau Hindustan Aeronautics Limited (HAL), the state-run aerospace and defence company, said today that it has completed the Rs.4.77 crore river rejuvenation project of Kumudvathi River - near Nelamangala taluk in Bengaluru Rural district of Karnataka. According to a company release, T Suvarna Raju, Chairman and Managing Director (CMD), HAL has given possession of the project to the panchayats of the beneficiary villages of Nelamangala. “We are really happy for contributing to such a noble cause of rejuvenating dried natural resources of water at this crucial moment, when water has become a valuable commodity everywhere,” Suvarna Raju said. “We hope that our efforts will provide a new lease of life to the region’s natural habitat and we will carry on our ...
Government allows foreign firm to bid for a domestic helicopter contract
The Dollar Business Bureau In a move to promote the Make in India, the Government of India has decided to allow a foreign firm to bid for a Naval Utility Helicopter (NUH) contract, on the condition that the firm ties up with a local vendor. According to the Defence News, the Indian government is likely to allow the Italy-based AugustaWestland to bid for NUH for the Indian Navy. The contract by the Indian Navy, for the supply of 100 light-utility vehicles is estimated to be worth around US$ 2 billion, the report informed. Responding to the Indian Navy’s Request for Information (RIF) over the NUH contract, the Anglo-Italian defence firm is fielding the AW-109 helicopter and has submitted its ...
