Search Result for : Indigenous Production

Sairaj Iyer Government contracts could be a great avenue for start-ups and MSMEs, but many perceive it to be a complicated route, similar to a confusing chakravyuh. Lt. Gen Ravi Thodge, ASVM, SM, VSM and Master General Ordinance with the Indian army (retd.) highlighted that this chakravyuh is fast disappearing. Speaking to a gathering of MSMEs at the World Trade Center, he shared that a defence-MSME partnership would not only help start-ups, but also offer the army indigenized products and local support. Speaking about how the initiative has been lacking over the past few years he said, “The basic desire to work with the army is lacking. In the past 2 years, I have been travelling and interacting with various MSMEs, and ...

Besides ensuring ways for offering of exploration blocks through a bidding process, the new policy measures allow Non-exclusive Multi-Client Speculative Survey for assessment of unexplored sedimentary basins The Dollar Business Bureau Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan informed about new policy reforms in a written reply to Rajya Sabha on Wednesday.   With a view to enhance the countrys energy capacity, the Union Petroleum Ministry has announced key measures which aim to boost exploration activities and indigenous oil and natural gas production. An official announcement in this regard was made by the Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan, in a written reply to Rajya Sabha on Wednesday. New measures intend to encourage National Oil Companies ...

The Dollar Business Bureau In a move to encourage indigenous defence production, India in the last one year, exported defence items to 22 countries including the United States, the UK, Israel and Russia. Major exports from India included shipping forging equipment, electronic assemblies and flight control panels to the US; transmitting tubes to the UK ; MIG and Sukhoi 30 aircraft spares and services to Russia; Cheetal helicopters to Afghanistan; Dhruv helicopters and bulletproof jackets to Nepal; and Sukhoi 30 avionics and MIG spares to Malaysia. The total defence export was valued at Rs.669.88 crore in 2014-15, while the figure was Rs.686.27cr a year ago. The country’s defence export increased to Rs.446.75 cr in 2012-13 from Rs.512.48 crore in 2011-12 and ...

 The Dollar Business Bureau The Union Defence Minister, Manohar Parrikar, on Monday, informed his Ministry’s efforts and initiatives being taken towards improving the performance of Ordnance Factory Board (OFB). The Consultative Committee consisting of the Members of Parliament were discussing the role of the OFB, one of the oldest and largest production organisations of the Ministry of Defence. Informing the members, the Union Defence Minister said, “OFB is undergoing a paradigm shift from that of a manufacturer of defence equipment to a Complete Solution Provider.” The OFB’s new role will encompass design, development, bulk production and lifecycle sustenance equipment, the Minister said. The OFB would be made into a lead integrator of major platforms and will undergo a transformation into becoming ...