India ready to issue a formal tender for a multi-billion dollar project to make six new-generation stealth submarines. A foreign manufacturer will tie-up with an Indian partner to make these under-sea vessels for nearly $ 7 Billion.
Making shift towards having combat unnamed aerial systems (UAS), India has okayed a project to upgrade a part of its fleet of the Israeli ‘Heron’ surveillance drones, acquired in multiple tranches since 2001.
India imports weapons and equipment to the tune of $ 9 billion annually, with several items off the import list, the orders will go to local manufacturers. Orders of estimated an Rs 400,000 Crore ( $ 53 billion) are expected to be placed upon the domestic industry within the next five to seven years
The Grand Jury concluded that Chinese nationals Li Xiaoyu, 34, and Dong Jiazhi, 33, were working with the Chinese Secret Service , the Ministry of State Security (MSS), and other agencies of the Chinese government to steal intellectual property over a period of more than 10 years.
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