Page 12 - Defence Sector

Time to call out defence PSUs

If rumours are to be believed, the ministry of defence is believed to have decided not to pump in any more money into DPSUs in order to ensure more private sector participation

Govt considers further relaxation in FDI norms for defence sector

India imports 70% of its military hardware from different countries

Defence sector seeks tax rationalisation, policy clarity

Small industry is worst affected, since cash-flow is a problem for many

Tata Power to make Javelin missile with Lockheed Martin JV

The Javelin Joint Venture (JJV) - consisting of Raytheon and Lockheed Martin - is partnering the "Strategic Engineering Division" of Tata Power

Huge opportunity in aerospace and defence electronics

The global electronic industry market is $1.8 trillion, of which India consumes $125 billion

Heavy Vehicles Factory has orders to produce battle tanks till 2035: official

Chennai-based Heavy Vehicles Factory (HVF), which manufactures battle tanks under the Indian Ordnance Factories, is expecting a 60 per cent growth in turnover during this year and has visibility to orders till 2035, said a senior official.The HVF, which is struggling with availability of quality vendors for their supplies, is working with Lucas TVS to develop it as a second vendor to manufacture one of the components in its battle tank, said Hari Mohan, senior general manager, HVF-Avadi, Ministry of Defence.Delivering special address in a Conference on Defence Manufacturing Technologies with theme Defence Indegenisation - Windo of Opportunities, organised by the Tamil Nadu Technology Development & Promotion Center of CII, he said, "Last year our turnover was to the tune of Rs 1,500 crore, this year, we are targeting a turnover of around Rs 2,400 crore and next year it is going to be Rs 3,000 crore. Whatever projections by the Army, we are almost booked up to 2035, beyond that

Premvir Das: In need of disproportionately more attention

The total fund allocation for the defence sector in annual Budgets is unlikely to change much in the future. But modernisation of hardware deserves a much bigger share of this fund than manpower, keeping in mind the emerging security situation