$130 billion to spend, India opens arms to local and foreign makers
Tag: budget
Decisive shift India allocates $ 18 Bn for military equipment
An allocation of almost $ 18 billion, under what is called the ‘Capital head’ of its budget, is the largest increase in 15 years when calculated on an year-on-year basis. It also almost doubles the allocation within past four years. In the budget presented in February 2017 the allocation was Rs 69,473 Crore ( approx $ 9.26 billion).
Indian Army’s tech push opens opportunities
India’s ‘big-bang’ reforms in defence; foreign OEM’s allowed 74 % stake
IDD explainer In a long-pending reform, India, has allowed foreign original equipment manufacturers (OEMs) to invest upto 74 percent stake in Defence equipment manufacturing sector in India via the Foreign Direct Investment (FDI) route, allowing the OEM’s, a controlling stake in production. India is the second largest importer of weapons and equipment, accounting for 9.2
India caps military spending for three months
IDD exclusive Reeling under the impact of the COVID-19 virus and the resultant country-wide lockdown, India has announced a ‘capping’ of military spending for the next three months. The impact of capping — not cutting down spending — for now, would be insignificant. However, how India emerges from the lockdown, ending April 15, will determine
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