procurement procedure

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 |

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 |

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...

Posted in Uncategorized |

‘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 |

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 |

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 |

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 |

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 |

‘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 |

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...

Posted in Business |

India clears biggest deal with US for C-17s at $4.1 bn (Second Lead)


June 6th, 2011 - 8:48 pm ICT by IANS
New Delhi, June 6 (IANS) India Monday approved its biggest defence deal with the US for 10 Boeing C-17 strategic heavy-lift planes for $4.1 billion, in a major step ... Read more...

Posted in Business |

The $10bn jet fighter deal: IAF went by the rule book


May 1st, 2011 - 4:31 pm ICT by IANS
New Delhi, May 1 (IANS) India's decision to shortlist two European combat planes for a $10.4 billion tender for 126 multi-role jet fighters was dictated by its air force's ... Read more...

Posted in Business |

Defence land records to be computerised by March-end, says Antony


March 9th, 2011 - 10:54 pm ICT by IANS
New Delhi, March 9 (IANS) Defence Minister A.K. Antony Wednesday said the exercise to computerise records of defence lands would be completed by March 31 and strict action will be ... Read more...

Posted in Uncategorized |

India invites aerospace majors for partnerships, outsourcing


February 9th, 2011 - 3:53 pm ICT by IANS
Bangalore, Feb 9 (IANS) India Wednesday invited leading international aerospace firms to partner with its strong defence organisations, state-run enterprises and the emerging private sector for the all-round development of its aerospace ... Read more...

Posted in Business |

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...

Posted in Business |

Not happy with pace of armed forces modernisation: Antony


December 15th, 2010 - 8:06 pm ICT by IANS
New Delhi, Dec 15 (IANS) Defence Minister A.K. Antony Wednesday said despite a "huge budget" set aside by the government, efforts for modernising the armed forces "have not borne the desired results" ... Read more...

Posted in Uncategorized |

Antony for more navy-to-navy contact in Indian Ocean region


October 27th, 2010 - 11:53 pm ICT by IANS
New Delhi, Oct 27 (IANS) Defence Minister A.K. Antony Wednesday called for increased navy-to-navy contact with the littoral countries of the Indian Ocean."The complex maritime security environment in our region requires the ... Read more...

Posted in Uncategorized |

Shed ambivalence on terrorism, Antony tells Pakistan


October 25th, 2010 - 9:59 pm ICT by IANS
New Delhi, Oct 25 (IANS) Defence Minister A.K. Antony Monday asked Pakistan to "shed its ambivalence" on terrorism and reminded it that India will continue to keep a constant vigil on developments ... Read more...

Posted in South Asia |

Defence Minister Antony wants high priority for coastal security


May 20th, 2010 - 7:02 pm ICT by ANI
New Delhi, May 20 (ANI): Defence Minister A K Antony on Thursday asked the top brass of Navy and the Ministry to take immediate steps to ensure that proposals and assets approved ... Read more...

Posted in National |

FDI in defence should not be raised to 100 percent: CII


May 9th, 2010 - 12:51 pm ICT by IANS
New Delhi, May 9 (IANS) Foreign direct investment (FDI) in the defence sector should not be raised to 100 percent from the present 26 percent, says the Confederation of Indian Industry (CII). "Industry ... Read more...

Posted in Business |

Antony claims that India is emerging an outsourcing hub for Defence industry


February 15th, 2010 - 5:14 pm ICT by ANI
New Delhi, Feb 15 (ANI): Defence Minister A K Antony on Monday offered the private industry and foreign companies partnership in the critical technologies in the Defence sector and said that India ... Read more...

Posted in National |

DRDO fully focussed on enhancing self-reliance in military hardware: Antony


December 16th, 2009 - 7:18 pm ICT by ANI
New Delhi, Dec 16 (ANI): Defence Minister A K Antony assured the Parliament on Wednesday that the Defence Research and Development Organisation (DRDO) is fully focussed towards enhancing self-reliance in military hardware.Antony, ... Read more...

Posted in National |

IAF’s mid-air refueller deal awaits finance ministry’s nod


December 14th, 2009 - 8:00 pm ICT by IANS
New Delhi, Dec 14 (IANS) The Indian Air Force's (IAF) deal for mid-air refuellers has been delayed as it awaits the approval of the finance ministry, Defence Minister A.K. Antony revealed Monday. The ... Read more...

Posted in Uncategorized |

Defence procurements are as per laid down procedure: Antony


December 14th, 2009 - 4:41 pm ICT by ANI
New Delhi, Dec 14 (ANI): Defence Minister A K Antony on Monday assured the Lok Sabha that procurement of defence items, including missiles is made from various indigenous as well as foreign ... Read more...

Posted in National |

IAF proposes to procure six fight refueller aircrafts: Antony


December 14th, 2009 - 4:39 pm ICT by ANI
New Delhi, Dec 14 (ANI): Defence Minister A K Antony informed the Lok Sabha on Monday that the Indian Air Force (IAF) had proposed the procurement of six fight refueller aircraft to ... Read more...

Posted in National |

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