Foreign firms allowed in Indian FICV tender for $ 8 billion
Tag: SIDM
India restructures its 41 military factories into corporate entities
The OFB, which is legacy of the British rule in India, will not exist as an entity in its present from or structure. Seven public sector undertakings ( or Government owned companies) are planned to be created under the MoD. The 41 OFB factories will be subsumed under one or the other new companies based on an assessment of manufacturing abilities of the factory.
Russia losses share in military equipment market in India
$130 billion to spend, India opens arms to local and foreign makers
Thales-BDL ‘StarStreak’ tie-up important for industry
$ 6 Bn Tejas jet deal to rev-up Indian Industry
‘Make in India’ is opportunity for US companies
Domestic Industry looks at $53 billion orders, after import ban on military items
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
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
China’s military spend beats India, Japan, Korea & Australia
IDD Explainer The Indo-Pacific is now global military hotspot. Military spends of countries have risen constantly in the past three decades. China is leading the dangerous race of weaponisation in the region. It is now spending much more on military than what India, Japan, South Korea and Australia spend collectively in an year. The data
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