defence procurement

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 |

Net deterioration in security environment: PM (Lead)


July 31st, 2012 - 3:29 pm ICT by IANS
New Delhi, July 31 (IANS) Prime Minister Manmohan Singh Tuesday warned of "a net deterioration" in the international security and strategic environment, pointing to political uncertainties in India's neighbourhood, ... Read more...

Posted in Uncategorized |

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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Raise FDI limit to boost defence trade: US think tank


July 18th, 2012 - 1:05 pm ICT by IANS
Washington, July 18 (IANS) A US think tank has suggested that India should raise the limit of foreign direct investment from 26 percent to over 50 percent in order to ... Read more...

Posted in Uncategorized |

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...

Posted in Uncategorized |

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...

Posted in Business |

Russia needs new system of defence procurement


May 9th, 2012 - 6:51 am ICT by IANS
Moscow, May 9 (IANS/RIA Novosti) Effective system of placement and implementation of state defence orders will be established once new Russian government is forged, the new Prime Minister Dmitry Medvedev ... Read more...

Posted in World |

India lost over half of its 872 MiG jets in 40 years


May 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, May 2 (IANS) Over the last 40 years, India lost more than half of its MiG combat fleet of 872 aircraft and 171 pilots, the Rajya Sabha was ... Read more...

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‘Indian defence procurement system still not perfect’


May 2nd, 2012 - 4:53 pm ICT by IANS
New Delhi, May 2 (IANS) With time and cost escalations plaguing military acquisitions, Financial Advisor (Defence Services) A.K. Chopra admitted Wednesday that the procurement systems are still far from being ... Read more...

Posted in Business |

Dedicated navy, air force satellites by 2014


April 30th, 2012 - 7:32 pm ICT by IANS
New Delhi, April 30 (IANS) India's navy and air force will have dedicated communication satellites between 2012 and 2014, Defence Minister A.K. Antony told parliament Monday.In written replies to questions, ... Read more...

Posted in Sci-Tech |

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...

Posted in Business |

Antony says he acted on BEML irregularities


March 30th, 2012 - 6:31 pm ICT by IANS
New Delhi, March 30 (IANS) Defence Minister A.K. Antony Friday said he had acted on complaints against defence public sector firm BEML a day after receiving complaints of irregularities ... Read more...

Posted in Business |

Army chief didn’t want to pursue bribe matter: Antony (Second Lead)


March 27th, 2012 - 4:52 pm ICT by IANS
New Delhi, March 27 (IANS) Defence Minister A.K. Antony admitted Tuesday that army chief Gen. V.K. Singh informed him about Lt Gen (retd) Tejinder Singh offering a bribe of ... Read more...

Posted in Politics |

Army chief didn’t want to pursue bribe matter: Antony (Lead)


March 27th, 2012 - 3:02 pm ICT by IANS
New Delhi, March 27 (IANS) Defence Minister A.K. Antony Tuesday said army chief Gen. V.K. Singh did inform him about Lt Gen (retd) Tejinder Singh offering a bribe of Rs.14 ... Read more...

Posted in Politics |

Antony promises to probe army chief’s allegations


March 27th, 2012 - 2:13 pm ICT by IANS
New Delhi, March 27 (IANS) Defence Minister A.K. Antony Tuesday told parliament he would investigate army chief V.K. Singh's allegations of being offered a bribe of Rs.14 crore and assured ... Read more...

Posted in Uncategorized |

Delhi to host Asia’s largest defence exhibition


March 26th, 2012 - 8:58 pm ICT by IANS
New Delhi, March 26 (IANS) India will host from Thursday Asia's biggest defence exposition, showcasing the country's military prowess and the nation's emergence as an attractive destination for investment in ... Read more...

Posted in Business |

Clean chit to Tatra trucks after army chief’s allegations


March 26th, 2012 - 7:46 pm ICT by IANS
New Delhi, March 26 (IANS) In the backdrop of Indian Army chief Gen V.K. Singh alleging that he was offered a bribe to approve a substandard vehicle order, the defence ... Read more...

Posted in Uncategorized |

Sikorsky offers military choppers to India (With image)


March 4th, 2012 - 7:01 pm ICT by IANS
New Delhi, March 4 (IANS) US-based Sikorsky, among the world's leading helicopter manufacturers, has offered to make military choppers in India.Sikorsky's Executive Vice President for India and South Asia, Air ... Read more...

Posted in Business |

Warship building in India gets boost through public-private effort


March 4th, 2012 - 4:36 pm ICT by IANS
New Delhi, March 4 (IANS) In a major boost to private participation in warship building in India, the government has given its nod to the stalled joint venture (JV) between ... Read more...

Posted in Business |

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 |

‘India’s jet deal setback to British industry’


February 2nd, 2012 - 8:43 pm ICT by IANS
London, Feb 2 (IANS) The British aerospace industry has been dealt a major blow after India favoured a French firm for a multibillion-pound fighter plane order, a newspaper said.India Wednesday ... Read more...

Posted in World |

France’s Dassault wins India’s $10.4bn warplane deal (Intro Roundup)


January 31st, 2012 - 10:31 pm ICT by IANS
New Delhi, Jan 31 (IANS) In a defence deal that is India's -- and amongst the world's -- largest, France's Dassault has won a $10.4 billion (Rs.52,000 crore) order ... Read more...

Posted in Business |

France’s Dassault wins India’s $10.4 bn combat jet deal (Roundup)


January 31st, 2012 - 8:54 pm ICT by IANS
New Delhi, Jan 31 (IANS) In a defence deal that is India's -- and amongst the world's -- largest, France's Dassault has won a $10.4 billion (Rs.52,000 crore) order ... Read more...

Posted in Business |

India spent $7 bn on army procurements since 2007


December 21st, 2011 - 10:59 pm ICT by IANS
New Delhi, Dec 21 (IANS) India spent a total of Rs.34,517 crore (nearly $7 billion) on army procurements in the four years since 2007, the parliament was informed Wednesday.Defence Minister ... Read more...

Posted in Business |

Kerala wants defence ministry to buy coir geotextiles


December 13th, 2011 - 7:32 pm ICT by IANS
Thiruvananthapuram, Dec 13 (IANS) The Kerala government proposes to ask the defence ministry to buy coir geotextiles produced in the government and the cooperative sectors in the state."We will approach ... Read more...

Posted in Uncategorized |

Defence shipyards lose out to private players: Antony


November 28th, 2011 - 6:07 pm ICT by IANS
New Delhi, Nov 28 (IANS) India's defence public sector shipyards have lost to private players for construction of a number of naval vessels in recent times, Defence Minister A.K. Antony ... Read more...

Posted in Uncategorized |

Russia to spend $35 bn on arms purchase in 2012


November 25th, 2011 - 8:56 am ICT by IANS
Moscow, Nov 25 (IANS) Russia plans to spend 1.1 trillion rubles (around $35 billion) on arms purchases in 2012, Deputy Prime Minister Sergei Ivanov said.This expenditure would be up 17 ... Read more...

Posted in World |

India to pick combat fighter by mid-December


November 18th, 2011 - 8:27 pm ICT by IANS
Bangalore, Nov 18 (IANS) India will pick by mid-December a Medium Multi-Role Combat Aircraft (MMRCA) in a multi-billion dollar deal, the Indian Air Force chief, Air Marshal Norman Anil ... Read more...

Posted in Business |

Innovation in defence sector below par: Antony


November 14th, 2011 - 9:36 pm ICT by IANS
New Delhi, Nov 14 (IANS) Calling upon India's defence public sector undertakings and ordnance factories to invest in research and development, Defence Minister A.K. Antony Monday expressed displeasure over their ... Read more...

Posted in Uncategorized |

No politics in deciding combat plane winner: Antony


November 11th, 2011 - 8:36 pm ICT by IANS
New Delhi, Nov 11 (IANS) Geo-political considerations will not play a role in India deciding the winner of a contract worth more than its originally estimated $10.4 billion for 126 ... Read more...

Posted in Uncategorized |

India set for last lap in $10.4-bn combat plane tender


November 3rd, 2011 - 9:37 pm ICT by IANS
New Delhi, Nov 3 (IANS) India is all set to dash through the last lap in its quest to buy 126 medium multi-role combat aircraft, estimated to be worth ... Read more...

Posted in Business |

‘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...

Posted in Business |

‘Relying on imports for critical defence needs a concern’


October 18th, 2011 - 5:10 pm ICT by IANS
New Delhi, Oct 18 (IANS) With imports accounting for 70 percent of the hardware in the inventory of the armed forces, the government said Tuesday this was a matter of ... Read more...

Posted in Business |

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