Russia losses share in military equipment market in India
Tag: Indian Defence Manufacturing
India to get 30 more drones from General Atomics
HAL to modernize its business processes
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 to outsource tank repair too private contractors
IDD Bureau As a part of its recast into a leaner force, the Indian Army is to outsource repair and maintenance of some of its fleet of two Russian-origin tanks — T-72 and T-90 — to private companies in India. India operates some 3500 tanks of these two types, including 1,070 T-90 tanks as well
India’s Parliamentary body wants more funds for military modernisation
IDD Bureau A designated committee of Parliament in India, has asked for ‘adequate’ funding enabling greater acquisition of military equipment and modernization. The committee has found how budgetary allocation for armed forces was 35 percent lower – or $ 8.72 billion lesser– than what the projected needs were. A Standing Committee of Parliament having members
US okays $ 1.9 billion missile shield for India
IDD Bureau India will protect its capital city, New Delhi, with a US made systems supplied by Raytheon. As of now the Indian air defence uses a mix of Russian, Israeli and Indian missile systems. This will include a clutch of ground based radars, fire control centres, ground launched air defence missiles and also air
As India looks West for military hardware, US sends largest ever delegation to Def-Expo-2020
IDD Bureau The United States delegation to Def-Expo2020 will be largest. And the reason is simple; India-US bilateral defence trade moves northward reaching $18 billion in 2019. A decade ago, in 2008, it was less than $1 billion. The increased bilateral trade is increasingly becoming visible too. In all,14 US made platforms, the highest number
Lockheed Martin, the world’s biggest arms manufacturer, is looking for a ‘game-changing’ partnership in India
US-based Lockheed Martin (LM), the biggest arms manufacturing company of the world with an order book of over USD 47 Bn (FY 2017-2018), has said it is “committed to fostering” “India’s defence industry” through “game-changing defence partnerships.” LM was judged to be the biggest arms and military service manufacturing company beating its competitors like Boeing
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