Page 11 - Defence Sector
HAL soars 6%, hits 52-week high as MoD okays acquisitions worth Rs 8,722 cr
Of the Rs 8,722 crore worth of acquisitions, bulk will go towards purchasing the first fixed wing aircraft that HAL has designed and developed in decades
 "HAL soars 6%, hits 52-week high as MoD okays acquisitions worth Rs 8,722 cr")
More items to be included in list of banned defence imports: Rajnath Singh
The Atmanirbharta Saptah (self-reliance week) will be a witness to initiatives pertaining to modernisation & up-gradation of facilities by DPSUs & OFB
 "More items to be included in list of banned defence imports: Rajnath Singh")
Govt to unveil more steps to attract investment in defence sector: Rajnath
The defence minister's comments came after he unveiled new infrastructure and facilities in a number of leading state-run defence majors to enhance their production lines and capabilities
 "Govt to unveil more steps to attract investment in defence sector: Rajnath")
Invoking self-reliant India, govt bans import of 101 defence items
Modi endorsed the new import embargoes from his own Twitter account
 "Invoking self-reliant India, govt bans import of 101 defence items")
New defence measures a game changer for indigenous firms: India Inc
Chief executive officers (CEOs) of defence companies said if the plan is implemented well, this will help India become a net exporter
 "New defence measures a game changer for indigenous firms: India Inc")
Defence minister Rajnath singh to launch 'Atmanirbhar Bharat Saptah' today
The event will be held at 3.30 pm, the defence minister's office tweeted on Sunday night
MoD procurement policy proposes ban on import of specific weapons
The draft DAP-2020 retains the first draft's emphasis on promoting higher indigenous content in equipment manufactured in India, including under licence from foreign vendors
 "MoD procurement policy proposes ban on import of specific weapons")
Insurance may get 'strategic sector' tag under new privatisation policy
Other sectors that could get the 'strategic' tag are railways, oil and gas, defence, space and atomic energy
 "Insurance may get 'strategic sector' tag under new privatisation policy")
PAC to focus on India-China border roads, other defence issues this year
The high number reflects the concerns over India's defence preparedness in the context of recent Chinese intrusions in Ladakh, sources said
 "PAC to focus on India-China border roads, other defence issues this year")
Defence stocks rally as MoD approves military purchases worth Rs 38,900 cr
Bharat Dynamics hit a 52-week high of Rs 374, up 12 per cent on the BSE
 "Defence stocks rally as MoD approves military purchases worth Rs 38,900 cr")
Indian-American aerospace expert appointed General Atomics Chief Executive
For Lall, this is his second stint with GA, which produces a series of unmanned aircraft and provides electro-optical, radar, signals intelligence, and automated airborne surveillance systems
 "Indian-American aerospace expert appointed General Atomics Chief Executive")
Defence reforms: Indian manufacturers looking to ride the opportunity
FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
FM hikes FDI in defence production to 74%; ban on imports of some weapons
Items banned for imports can only be purchased from within the country, Sitharaman said
 "FM hikes FDI in defence production to 74%; ban on imports of some weapons")
Defence more aggravated than other sectors amid coronavirus: Rajnath Singh
The Minister was addressing, via video conference, MSMEs E-conclave, jointly organised by SIDM, Confederation of Indian Industry (CII) and Department of Defence Production
 "Defence more aggravated than other sectors amid coronavirus: Rajnath Singh")
Fighting coronavirus crisis: Defence public sector firms divert production
Bengaluru-based Bharat Electronic Limited (BEL) has begun manufacturing 30,000 ventilators for intensive care units across the country
 "Fighting coronavirus crisis: Defence public sector firms divert production")
Limitations of defence diplomacy
With its stock nowhere near what it was a year ago, New Delhi has turned to defence as a lever of foreign policy - a strategy that can at best yield limited dividends
 "Limitations of defence diplomacy")
Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Govt
In 2018-19, FDI in the sector was aggregated at $2.18 million, according to the data
 "Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Govt")
UP to host meeting with top global defence manufacturing companies in March
State had signed MoUs worth Rs 50,000 crore at DefExpo 2020
 "UP to host meeting with top global defence manufacturing companies in March")
'DefExpo landmark event for Indo-Russia military, technical cooperation'
During the Defexpo, 14 MoUs were signed covering development and production of land, air and naval systems as well as innovative high-tech civilian products
Finance Commission panel to examine separate funding mechanism for defence
The five-member group, to be headed by Finance Commission Chairman N K Singh, comprise secretaries from the ministries of defence, home affairs and finance, besides a member of Commission
