The Defence Ministry and the National Stock Exchange on Monday signed an agreement that seeks to help Micro, Small and Medium Enterprises and emerging companies in the defence sector to scale up their business operations, explore new markets and fund their research and development activities. The Memorandum of Understanding has been signed to facilitate capital market access to the MSMEs. It intends to facilitate MSMEs in the defence sector to raise productive capital for their growth plan efficiently and transparently through the NSE platform 'NSE Emerge', the defence ministry said in a statement. The platform offers new and viable options for raising equity capital from a diversified set of investors, it said. The MoU was signed by the additional secretary the Department of Defence Production (DDP) and managing director, NSE in the presence of Defence Secretary Giridhar Aramane. "The MoU will be in force for a period of five years, during which, DDP and NSE would conduct an ...
The Supreme Court has sought responses from the Centre and the Ministry of Defence on a plea of the Nagaland government challenging denial of sanction to prosecute 30 Army personnel, who were accused of killing 13 civilians in a botched-up operation to ambush militants in the state in 2021. A bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra, on Monday, took note of the submissions of the state government and issued notices to the Centre and the Union Ministry of Defence. The bench has now fixed the plea of Nagaland on September 3. In April last year, the Central government had denied sanction to prosecute the Army men who were allegedly involved in the botched up ambush at Oting in Mon district of the state. The state government has filed the writ petition under Article 32 of the Constitution. A plea under this Article can be filed alleging violation of fundamental rights. The state, which had filed an FIR, claimed it has clinching evidence
The Congress on Tuesday attacked the Centre after four soldiers were killed in an encounter in Jammu and Kashmir's Doda, with Rahul Gandhi asserting that the government should take full responsibility for the repeated security lapses and take strict action against the culprits. Four Army personnel, including an officer, died after being injured in a gunfight with heavily armed terrorists in Doda district, officials said on Tuesday. The latest incident comes a week after a terrorist ambush on an Army patrol in the remote Machedi forest belt in Kathua district claimed the lives of five soldiers and injured as many. Congress leader Rahul Gandhi also said such horrific incidents one after the other are extremely sad and worrying, and that Army soldiers and their families are bearing the brunt of "BJP's wrong policies". Congress president Mallikarjun Kharge said he was deeply distressed by the martyrdom of the four brave soldiers, including an officer. "Our heart goes out to the famili
The six submarines, powered by air-independent-propulsion (AIP), are being built under a Rs 45,000 crore programme called Project 75-I under the "strategic partner" (SP) acquisition category
Japan's defence ministry announced disciplinary action on Friday against more than 200 senior officials and service members over mishandling of classified materials and other misconduct, an embarrassment that could undermine Tokyo's efforts to work more closely with United States and other partners. Japan's Defence Ministry and its Self Defence Forces have been under scrutiny over allegations that members of the navy violated the sensitive information protection law, as well as other misconduct such as falsely claiming allowances for special assignments, or wrongfully claiming free meals at base cafeterias. Ministerial staff were also accused of abuses of power. Defence Minister Minoru Kihara apologised, saying the problems significantly damaging to the public trust for the ministry and Japan's defence forces. I'm keenly aware of my responsibility. He blamed a lack of discipline across the organisation. Kihara said the ministry's investigation found that classified information was
India's premier defence research organisation DRDO has awarded seven new projects to private entities to develop key military assets including underwater launched unmanned aerial vehicle and long-range remotely operated systems. The projects were cleared under the defence ministry's Technology Development Fund scheme to boost domestic defence manufacturing. The project for underwater-launched unmanned aerial vehicles is aimed at developing versatile marine battlefield accessories which can be deployed in multiple combat roles, officials said. The objective is part of a larger framework of intelligence, surveillance and reconnaissance (ISR) and maritime domain awareness (MDA), they said. The project has been awarded to Sagar Defence Engineering Pvt Ltd, Pune, according to the defence ministry. The other projects are development of ice detection sensor for aircraft, manufacturing of radar signal processor, long-range remotely-operated vehicles for detection and neutralisation of ...
The India-US Defence Acceleration Ecosystem has advanced the commitment of the two strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC. "In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET)," the Department of Defence said in a press release on Friday. The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022. "INDUS-X has strengthened private sector cooperation between the United States and India by facilitating ...
Lt Gen Upendra Dwivedi will be the next Chief of the Army Staff succeeding incumbent Gen Manoj Pande, the government announced on Tuesday night, ending speculations on the key appointment. Lt Gen Dwivedi, who has vast operational experience along the frontiers with China and Pakistan, is presently serving as Vice Chief of the Army Staff. Gen Pande will retire on June 30. In appointing Lt Gen Dwivedi, the government followed the seniority principle. "The government has appointed Lt Gen Upendra Dwivedi, presently serving as Vice Chief of the Army Staff, as the next Chief of the Army Staff with effect from the afternoon of June 30," the defence ministry said. In a rare move, the government last month extended Gen Pande's tenure by one month, six days before his superannuation on May 31. The move triggered speculations that Lt Gen Dwivedi may be overlooked for the top post. The senior-most official after Lt Gen Dwivedi is Lt Gen Ajay Kumar Singh, the Southern Army Commander. Both Lt
The theaterisation process in the military is making progress as consensus is emerging among the three services on the ambitious initiative, Defence Minister Rajnath Singh said in first clear remarks reflecting forward movement in the mega reform initiative. In an exclusive interview to PTI on Saturday, he said the armed forces are committed to the theaterisation initiative because it will integrate the capabilities of the three services and ensure better utilisation of resources. Under the theaterisation model, the government seeks to integrate the capabilities of the Army, Air Force and Navy and optimally utilise their resources for wars and operations. "The theaterisation process has started. There has been progress on it. Consensus is emerging on it among the three services as it will ensure better utilisation of resources and enhance the military's overall capabilities," the defence minister said. Singh declined to provide a timeline for rolling out of the theatre commands, an
As the military standoff between India and China drags on along the Line of Actual Control (LAC) in eastern Ladakh, Defence Minister Rajnath Singh said the talks between the two sides are going on well and indicated hope for a resolution of the lingering row. In an interview to PTI on Saturday, Singh also said that India has been developing infrastructure along the frontier with China at a rapid speed, asserting that the country's borders will remain safe. "The talks are going on well," he said declining to elaborate further considering the sensitive nature of the dialogue process. Asked whether he was hopeful of a positive outcome and an end to the nearly four-year face-off between the two militaries, Singh shot back: "If there was no hope, then why to have talks." "They (the Chinese side) also have hope and that is why holding the talks," he said. The Indian and Chinese militaries have been locked in a standoff since May 2020 and a full resolution of the border row has not yet b
India will never give up its claim on Pakistan-Occupied-Kashmir (PoK) but it won't have to capture it with force because its people, on their own, would want to be part of India after seeing the development in Kashmir, Defence Minister Rajnath Singh has said. In an exclusive interview to PTI, Singh asserted that the ground situation has improved significantly in Jammu and Kashmir and that a time will come when AFSPA (Armed Forces Special Powers Act) will no longer be required in the Union Territory. The defence minister, however, said the matter is under the domain of the Union Home Ministry and it will take appropriate decisions. He said elections will also be held there definitely, but wouldn't give a timeline. "I think India will not have to do anything. The way the ground situation has changed in Jammu and Kashmir, the way the region is witnessing economic progress and the way peace has returned there, I think demands will emerge from people of PoK that they should merge with ..
The conference aims to achieve enhanced jointness and integration among the army, navy, and air force
MSE sellers accounted for nearly 50% of the total order values on GeM, while the Ministry of Defence emerged as the top buyer in the financial year 2023-24
Indian Navy has deployed over 10 warships to secure strategic waterways following increasing attacks on cargo vessels in the Red Sea
The contract for buying ship-borne BrahMos systems has also been signed with BrahMos Aerospace for Rs 988 crore
Ministry of Defence has inked a contract with Advanced Weapon Equipment India Ltd for the production and supply of 463 indigenously manufactured 12.7 mm Stabilised Remote Control Guns (SRCG)
India is moving "fast and steady" in defence production and so far indigenised 2,920 defence items out of 4,666 listed items, Director (DIP), Department of Defence Production, Amit Satija said on Wednesday. He was speaking on the topic ' Enhancing the participation of MSMEs in the Defence sector' at a state-level conclave of Defence MSMEs in Nagpur, organised by the FICCI (Federation of Indian Chambers of Commerce & Industry). Satija said multiple initiatives have been undertaken by the Ministry of Defence, especially the Department of Defence Production. "Out of 4,666 defence items, including assemblies, sub-assemblies, raw materials, critical spares and components etc, which were listed for indigenisation, 2,920 items have already been indigenised," he said. Referring to the Make-1 and Make-2 categories, Satija said several industry-friendly provisions are built in, such as relaxation in the eligibility criteria, minimal documentation, and other provisions for considering ...
JSW Group's entry into the defence business reciprocates the Indian Government's confidence in providing impetus through the private sector's participation in building indigenous defence capabilities
"These multi-role Fast Patrol Vessels (FPV) will be indigenously designed, developed and manufactured by MDL and will be delivered in total 63 months," announced the MoD in a media release
During his visit, the defence minister will discuss bilateral issues with his counterpart, Secretary of State for Defence Grant Shapps, the Ministry of Defence (MoD) said in an official press release.