Russia losses share in military equipment market in India

Russia was the largest arms supplier to India in both 2011–15 and 2016–20. However, Russia’s deliveries dropped by 53 per cent between the two periods and its share of total Indian arms imports fell from 70 to 49 per cent”

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Decisive shift India allocates $ 18 Bn for military equipment

An allocation of almost $ 18 billion, under what is called the ‘Capital head’ of its budget, is the largest increase in 15 years when calculated on an year-on-year basis. It also almost doubles the allocation within past four years. In the budget presented in February 2017 the allocation was Rs 69,473 Crore ( approx $ 9.26 billion).

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Akash missile will be India’s biggest military export, so far

India the world’s second largest importer of weapons, military equipment and platforms, is also a small exporter and sends out its products to some 42 countries.

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L&T green channel status has come after long hard work

The ‘green channel status’ will apply for major Naval weapon delivery systems, ordered by the Ministry of Defence and cements the status of the L&T defence as long term supplier. The company is into engineering, procurement and construction projects, manufacturing, defence and services conglomerate.

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USJBC welcomes Dr. Vivek Lall onto Board of Directors

Dr Lall was unanimously voted onto the board of the USJBC. In the past he has played a decisive role in some of the major defence deals between India and the US.

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Boaz Levy is new CEO IAI

IDD Bureau Israel Aerospace Industries Ltd. (IAI) has appointed Boaz Levy as its new Chief Executive Officer (CEO). A decision was made by the Board of Directors, chaired by Harel Locker following a search committee’s recommendation to nominate Levy who succeeds Maj. General (retd.) Nimrod Sheffer, who stepped down as CEO on October 31, 2020.

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USIBC inducts Dr. Vivek Lall into Global Board of Directors

Dr Lall is the Chief Executive of General Atomics Global Corporation based at their headquarters in San Diego, California. General Atomics is one of the world’s largest privately held nuclear and defense companies.

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‘Make in India’ is opportunity for US companies

New Delhi has suggested it can host new production lines, participate in US export orders for the Asian market and host maintenance repair and overhaul (MRO) facilities for US equipment operating in the Indo-Pacific.

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