India’s ‘big-bang’ reforms in defence; foreign OEM’s allowed 74 % stake

IDD explainer In a long-pending reform, India,  has allowed foreign original equipment manufacturers (OEMs) to invest upto 74 percent stake in Defence equipment manufacturing sector in India via the Foreign Direct Investment (FDI) route, allowing the OEM’s, a controlling stake in production. India is the second largest importer of weapons and equipment, accounting for 9.2

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Changes to Indian Military structure alters nothing for companies

IDD Bureau India has announced a change in its military structure. A new rank called the Chief of Defence Staff (CDS) has been added. A uniformed four-star rank General will be the CDS. The same person will also head the Department of Military Affairs (DMA), a newly created entity under the Ministry of Defence. These

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