Page 10 - Defence Sector

Industry executives relieved by restrictions in new defence FDI policy

Raised FDI cap is not on offer to companies that already have government approval for 49 per cent FDI in a joint venture.

Govt permits up to 74% FDI under automatic route in defence sector

The government has permitted FDI of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT

BEL upbeat on defence biz prospect, seeks to ride govt's self-reliance push

Defence contributed 82 per cent of sales revenue of BEL in 2019-20, up from 68 per cent in the previous fiscal

Small positive growth can't be ruled out despite Covid lockdown: Rangarajan

Noting that the lockdown has put a brake on the economy, the paper suggested that the need to kick start the economy and move it forward has become urgent

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

India to start bidding process for 6 submarines worth Rs 55,000 cr by Oct

The submarines will be built in India under the much-talked-about strategic partnership model that allows domestic companies to join hands with leading foreign defence majors

Agriculture has major role to play in Atmanirbhar Bharat: PM Modi

When farmers and farming move forward in the form of industry, employment and self-employment opportunities are going to be created in the village and near it, on a large scale," said Modi

India's self-reliance in defence sector to boost its global standing: Modi

PM Modi said that his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace

For achieving self-reliance in defence, focus on other sectors must: PSA

VijayRaghavan said the ongoing coronavirus pandemic has highlighted how vital it is to be protected from the disruption of global supply chains

India's self-reliance in defence sector to boost global standing: PM Modi

The government has opened the way for 74 per cent FDI (Foreign Direct Investment) in defence production through automatic route, PM noted

Australia boosts defence spending by A$1 bn in latest coronavirus stimulus

Australia has so far promised to spend about A$260 billion in stimulus to support its ailing economy

Jindal Aluminium increasing focus on defence, aerospace segments: MD

Ruling out inorganic route to scale up, he said they plan to increase output gradually in a modular manner every year so that both manpower and technology go hand in hand to meet rising demand

More defence import embargoes soon, industry asked to step up

Army spells out four kinds of equipment it wants to be made by domestic manufacturers

India preparing country-wise profiles of defence products for exports

To promote indigenous production, the Defence Ministry on August 9 announced restrictions on import of 101 weapons and military platforms

Border tensions may spoil India's plan to boost manufacture of weapons

Modi's efforts to transform the world's biggest arms importer into a defense manufacturing powerhouse have remained a non-starter since the idea was first proposed in 2014

Defence policy creates room for local players

The case for restricting imports and encouraging procurement from domestic sources is easy to make

Mammoth steps taken to make India self-reliant in defence sector: PM Modi

"Our Tejas is getting ready to equip itself as per the modern requirements, for putting up a show of its majesty, speed and strength," he said

Taiwan to increase defence spending as China details combat drills

China has stepped up its military activity near Taiwan, which it regards as a breakaway province

India cannot keep depending on imported defence supplies: Rajnath Singh

Singh made the comments after launching a number of new products brought out by several defence public sector undertakings and the Ordinance Factory Board

Why Atmanirbhar could be govt's biggest gift to Indian pvt sector in 30 yrs

Despite the largesse, however, it remains to be seen whether or Indian companies can shrug off the old habit of jugaad, tweaks and twists