Parrikar sets $2-bn target for defence exports in 2 yrs
The Dollar Business Bureau Defence Minister Manohar Parrikar has set a target of raising India’s defence exports to $2 billion in the coming two years. He said this during the Aerospace and Defence Summit held by Automotive Component Manufacturers Association of India in New Delhi. Indian defence exports have almost doubled from around $140- $150 million to reach $330 million at present. The government’s push in exports has shown good results. The Defence Minister has set a target to touch $2 billion defence exports in the next two years. The target is not impossible to reach as defence offsets are in the area from where exports as well as expertise can come to the country, the minister said. Parrikar said that the ‘Make ...
India to buy 36 ready-fly fighter jets from France
The Dollar Business Bureau The Governments of India and France, on Saturday, agreed and signed various deals which include a long-pending defence deal, among others. According to the defence reports, the Prime Minister has asked the Government of France to supply 36 ‘ready-fly’ Rafale fighter jets to the Indian Air Force, reviving the deal that has been pending over years. Besides defence deal worth around $4 billion, the deals for cooperation in the field of civil nuclear energy, tourism, building smart cities, were also agreed between the two sides. Both sides agreed upon a ‘Jaitapur Nuclear Plant’ deal, as a part of cooperation in the field of civil nuclear energy too. Francois Hollande, President of France, has announced ...
Indian Air Force wary about Russian Fighter Jet
The Dollar Business Bureau Defence Minister of the Russian Federation Sergei Shoigu calls on Prime Minister of India Narendera Modi, as the former visits India for the 14th meeting of the Inter Governmental Commission on Military and Technical Cooperation, which will be co-chaired by the Defence Minister of India Manohar Parrikar. If the sources have to be believed upon, one of the sources from Indian Defence Ministry was quoted to have told TASS, a Russian News Agency, that the Russian Minister would discuss the implementation of the joint project of a Fifth Generation Fighter Jet (FGFA). In 2014, this project had come under criticism from the Indian Air Force Command, which according to the sources, had said that Russia was unlikely ...
