India, Israel keen on Make in India for defence manufacturing
Sai Nikesh | The Dollar Business A day after the “Aero India” show, the Government of India is pitching for indigenous construction of $8billion worth six nuclear-powered submarines and Rs 1 lakh crore-and above-worth seven stealth-technology-enabled frigates promoting domestic manufacturing. According to a report, the Indian Cabinet Committee on Security (CCS) has taken decision to build six nuclear submarines to strengthen India’s naval power in the Indian Ocean, besides the construction of seven stealth-technology-enabled frigates under the Rs 50,000 crore Project 17-A in Mumbai and Kolkata under Make in India policy. Simultaneously, India is soon to approve an order of two ‘Phalcon’ class interceptor aircraft from Israel Aerospace Industries (AIA) to the tune of $1.1 billion. Deal to purchase radar ...
