defence acquisition

Unlimited penalty for defaulting on defence offsets


August 2nd, 2012 - 10:27 pm ICT by IANS
New Delhi, Aug 2 (IANS) India will levy unlimited penalties on foreign firms that fail to meet their offsets obligations of ploughing back a minimum 30 percent of a contract ... Read more...

Posted in Business |

India clears $2.4 bn plan to buy cargo planes for IAF


July 23rd, 2012 - 11:08 pm ICT by IANS
New Delhi, July 23 (IANS) India's defence ministry Monday gave its nod for an Indian Air Force (IAF) plan to buy 56 transport planes worth $2.4 billion to augment its ... Read more...

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US senators seek expanded defence trade with India


July 21st, 2012 - 11:14 am ICT by IANS
Washington, July 21 (IANS) Eyeing India's expansive multi-million dollar military modernisation programme, two top US lawmakers have asked the Pentagon to develop a closer defence relationship with New Delhi, including ... Read more...

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Nod for $4.5-bn military acquisitions (Second Lead)


June 22nd, 2012 - 11:25 pm ICT by IANS
New Delhi, June 22 (IANS) In a major acquisition spree, India's defence ministry Friday approved proposals from the army, navy and the air force for quick reaction air defence missiles, ... Read more...

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Nod for $1.9-bn defence procurement proposals (Lead)


June 22nd, 2012 - 9:45 pm ICT by IANS
New Delhi, June 22 (IANS) India's defence ministry Friday gave its approval to three key proposals from the Indian Air Force (IAF) and the Indian Navy to buy 14 new ... Read more...

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Nod for $1.8 bn defence procurement proposals


June 22nd, 2012 - 7:34 pm ICT by IANS
New Delhi, June 22 (IANS) India's defence ministry Friday gave its approval to three key proposals from the Indian Air Force (IAF) and the Indian Navy to buy 14 new ... Read more...

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India clears $660 mn deal for artillery guns (Lead)


May 11th, 2012 - 6:47 pm ICT by IANS
New Delhi, May 11 (IANS) The Indian Army got a shot in the arm Friday with the defence ministry clearing its long-pending $660 million (Rs.3,000 crore) proposal to buy ... Read more...

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India clears $660 mn deal for artillery guns


May 11th, 2012 - 6:16 pm ICT by IANS
New Delhi, May 11 (IANS) The Indian Army got a shot in the arm Friday with the defence ministry clearing its long-pending $660 million (Rs.3,000 crore) proposal to buy ... Read more...

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No new Tatra truck purchased after 2008: Antony


May 7th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 7 (IANS) Defence Minister A.K. Antony Monday said Tatra trucks were purchased to meet the special needs of the Indian Army but no vehicle had been ... Read more...

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India further eases defence offsets norms (Lead)


April 3rd, 2012 - 1:29 am ICT by IANS
New Delhi, April 2 (IANS) India Monday further eased its defence offsets norms, saying the value of technology transferred under a deal could be written off against the obligation to ... Read more...

Posted in Business |

India further eases defence offsets norms


April 3rd, 2012 - 1:25 am ICT by IANS
New Delhi, Apr 2 (IANS) India Monday further eased its defence offsets norms, saying the value of technology transfered under a deal could be written off against the obligation to ... Read more...

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India’s military modernisation plans till 2027 approved (Lead)


April 3rd, 2012 - 1:18 am ICT by IANS
New Delhi, April 2 (IANS) India Monday approved the crucial five-year and 15-year modernisation plans of the armed forces beginning 2012, after almost a year-long delay.The Defence Acquisition Council (DAC), ... Read more...

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Defence panel nod for military modernisation plans


April 2nd, 2012 - 9:39 pm ICT by IANS
New Delhi, April 2 (IANS) The defence ministry Monday approved the crucial five-year and 15-year modernisation plans of the armed forces beginning 2012, after almost a year-long delay.The Defence Acquisition ... Read more...

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Antony asks army to streamline acquisitions


April 2nd, 2012 - 5:32 pm ICT by IANS
New Delhi, April 2 (IANS) Amid allegations of bribery, Defence Minister A.K. Antony Monday asked the army to streamline its purchase process in a manner that accountability can be ... Read more...

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Shady defence deals will be scrapped: Antony


March 29th, 2012 - 5:31 pm ICT by IANS
New Delhi, March 29 (IANS) With several defence deals coming under the scanner for malpractices, Defence Minister A.K. Antony said the government will scrap any contract or tender that comes ... Read more...

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Defence panel approves LCA for Indian Navy


February 27th, 2012 - 8:35 pm ICT by IANS
New Delhi, Feb 27 (IANS) In a boost to India's indigenous maritime combat plane development programme, a top defence panel has approved the limited series production of the Tejas light ... Read more...

Posted in Sci-Tech |

India to ease defence offsets norms to push industry growth (Lead)


February 23rd, 2012 - 10:39 pm ICT by IANS
New Delhi, Feb 23 (IANS) India is preparing to ease its defence offsets policy to facilitate greater foreign investments in the domestic military industry whenever the nation buys hardware worth ... Read more...

Posted in Business |

India to ease defence offsets norms


February 23rd, 2012 - 10:03 pm ICT by IANS
New Delhi, Feb 23 (IANS) India is preparing to ease its defence offsets policy to facilitate greater investments in the domestic military industry whenever the nation buys hardware worth over ... Read more...

Posted in World |

Another six months for 126 combat planes deal: Antony


February 17th, 2012 - 9:51 pm ICT by IANS
New Delhi, Feb 17 (IANS) India could take another six months to sign a contract for 126 combat planes for which it is holding cost negotiations with France's Dassault Aviation, ... Read more...

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‘Huge potential for India-Italy defence industry cooperation’


November 1st, 2011 - 7:45 pm ICT by IANS
New Delhi, Nov 1 (IANS) There is tremendous potential for defence cooperation between India and Italy and the opportunities have grown manifold with the reforms introduced in this country's offsets ... Read more...

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Regional security extremely fragile, says IAF chief


October 8th, 2011 - 5:04 pm ICT by IANS
Hindon (Ghaziabad), Oct 8 (IANS) Pointing out that the present security scenario in India's immediate neighbourhood seems extremely fragile, Indian Air Force (IAF) chief Air Chief Marshal Norman Anil Kumar ... Read more...

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India set to pick $10.4-bn combat plane deal winner


October 7th, 2011 - 11:12 pm ICT by IANS
New Delhi, Oct 7 (IANS) India is all set to finalise later this month the winner of a $10.4 billion contract for 126 combat planes for its air force ... Read more...

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Defence ministry panel to consider combat jet deal next month


September 22nd, 2011 - 8:29 pm ICT by IANS
New Delhi, Sep 22 (IANS) A key defence ministry panel will meet next month to thrash out major hiccups in the efforts of the Indian Air Force (IAF) to ... Read more...

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Antony warns defence firms against corruption


July 12th, 2011 - 9:58 pm ICT by IANS
New Delhi, July 12 (IANS) With India expected spend nearly $100 billion over the next decade on modern equipment for its armed forces, Defence Minister A.K. Antony Tuesday cautioned against ... Read more...

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Defence ministry rapped for loss in Scorpene submarine project


February 24th, 2011 - 9:46 pm ICT by IANS
New Delhi, Feb 24 (IANS) Pressing for a fool-proof procedure for military acquisitions, a parliamentary committee Thursday rapped the defence ministry for not giving information on the financial loss suffered by ... Read more...

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India to issue $11 bn tender for six more submarines


February 16th, 2011 - 7:54 pm ICT by IANS
New Delhi, Feb 16 (IANS) To shore up its depleting submarine fleet, India will this year issue a $11 billion global tender for building six more next generation vessels, navy chief Admiral ... Read more...

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$10.4-billion aircraft contract in next fiscal: Antony


February 9th, 2011 - 8:24 pm ICT by IANS
Bangalore, Feb 9 (IANS) The $10.4-billion Indian Air Force tender for 126 combat aircraft will be finalised in the next fiscal beginning April this year, Defence Minister A. K. Antony said ... Read more...

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New defence policy to focus on domestic industry, self-reliance


January 13th, 2011 - 10:23 pm ICT by IANS
New Delhi, Jan 13 (IANS) India Thursday unveiled its first-ever Defence Production Policy aiming to give an edge to domestic industry in manufacturing of weapons for its armed forces and cut down ... Read more...

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New defence production policy to promote domestic industry


January 11th, 2011 - 5:35 pm ICT by IANS
By N.C. Bipindra New Delhi, Jan 11 (IANS) India will this week come out with its first Defence Production Policy (DPP) that aims to arrest the trend of imports in arms purchases and ... Read more...

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India must be wary of defence imports: Narayanan


December 18th, 2010 - 7:22 pm ICT by IANS
Kolkata, Dec 18 (IANS) West Bengal Governor M.K. Narayanan Saturday made a scathing criticism of the Indian military and the defence production industry and said there was a vested interest in "buying ... Read more...

Posted in Business |

Defence, n-power will dominate Sarkozy’s India visit


December 3rd, 2010 - 10:48 am ICT by IANS
By Ranivr Nayar Paris, Dec 3 (IANS) Accompanied by as many as seven of his key ministers, French President Nicolas Sarkozy will land in Bangalore Saturday morning at the start of a ... Read more...

Posted in World |

Govt. committed to provide all assistance for modernisation of Defence PSUs: Antony


November 10th, 2010 - 8:10 pm ICT by ANI
New Delhi, Nov 10 (ANI): Defence Minister A K Antony on Wednesday said the Government is committed to provide all assistance including necessary funds for the modernisation of defence public sector undertakings."On ... Read more...

Posted in National |

India, South Korea ink two MOUs to boost defence cooperation


September 3rd, 2010 - 4:51 pm ICT by ANI
Seoul (South Korea), Sep 3 (ANI): India and South Korea on Friday inked two landmark Memoranda of Understandings (MoUs) to give a huge boost to strategic defence cooperation between the two nations.The ... Read more...

Posted in World |

India seals 700 mn pounds deal for 57 more BAE Hawks (Lead)


July 28th, 2010 - 7:08 pm ICT by IANS
Bangalore, July 28 (IANS) British aerospace major BAE Systems Wednesday sealed a deal with Indian defence behemoth Hindustan Aeronautics Ltd (HAL) for the licensed production of 57 additional Hawk advanced jet ... Read more...

Posted in Business |

India readies to evaluate C-17 airlifter


June 24th, 2010 - 6:02 pm ICT by IANS
By Gulshan R. Luthra New Delhi, June 24 (IANS) The Boeing C-17 Globemaster-III strategic airlifter is in India to begin flight trials this week towards clearing the last formality from the Indian Air ... Read more...

Posted in Business |

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