In a major success for Make in India in defence sector, the Cabinet Committee on Security today cleared two major projects worth around Rs 20,000 crore for 12 Su-30 MKI fighter jets for the Indian Air Force and 100 K-9 Vajra Self-propelled howitzers for the Indian Army.The two projects were cleared on Thursday by the CCS and the contract for the Su-30-MKI jets has already been inked, defence sources informed ANI.The 12 SU-30MKI jets for the Indian Air Force would be licensed manufactured by Hindustan Aeronautics Limited (HAL) at its Nashik facility and cost around Rs 13,000 crore.These will replace aircraft that have been lost over the last many years.The order for 100 K-9 self-propelled howitzers to be made by Larsen and Toubro at Hazira in Gujarat would be a repeat order as already 100 of them have been inducted into the Army.L & T has increased the indigenous content in the howitzers.The two projects for the public sector Hindustan Aeronautics Limiter and the L & T are ...
India's first indigenous aircraft carrier, INS Vikrant, will be commissioned into the Indian Navy this month. We ask if after 75 years of independence, are we close to becoming self-reliant in defence
Rajnath Singh exhorted American firms to carry out joint research and co-development of military hardware in India, saying the engagement should move beyond the traditional buyer-seller relationship.
This is first case processed under strategic partnership model
Here are the best of Business Standard's opinion pieces for Friday
This list supplements an earlier import embargo on 101 defence items announced last August
That is significantly higher indigenisation than the 50 per cent required for "Make in India" projects
A mine plough is a device that helps tanks clear minefields.
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
Singh also said he has no doubt about India emerging as among the three major economies of the world by 2030 and the defence industries will have an important role to play
Govt orders fresh process for procurement even as Chinese submarines regularly patrol the Indian Ocean and could deploy mines
A suitable percentage of the acquisitions budget must be separately earmarked for projects in this category