Defence Procurement

India To Get Mine Layers, Radars, Jammers Worth Rs 1.1 Lakh Crore

The proposals were approved by the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh.

Defence Procurement From Foreign Sources Reducing: Centre

The expenditure on defence procurement from foreign sources has reduced from 46 per cent of the overall expenditure in 2018-19 to 36.7 per cent as per data till December last, according to government data.

Rajnath Singh Reviews Defence Acquisition Issues With Top Officials

Defence Minister Rajnath Singh on Thursday reviewed defence acquisition issues with top officials of the ministry and directed them to seek indigenous solutions to meet the forces' requirements to the extent possible.

India Has Rs 1,500 Crore Bank Guarantee On Offsets In Rafale Deal: Report

India has secured a bank guarantee for about Rs 1,500 crore from Dassault in the Rafale jet deal as a safeguard against any violations of the offset policy prepared in accordance with the Defence Procurement Procedure (DPP), a leading financial daily said on Friday.

Defence Ministry Approves Military Purchases Worth Rs 5,500 Crore

The Defence Ministry today approved military purchases worth over Rs 5,500 crore, including the purchase of 12 high power radars for the Indian Air Force.

11-Year Wait To Buy Assault Rifles, Carbines For Armed Forces To End Soon: A Timeline

The long wait for modern firearms at India's borders could soon come to an end. The government today decided to invite gun manufacturers from around the world to sell 1,66,000 assault rifles and carbines worth Rs 3,547 crores for border troops under a fast track mechanism. This would enable "the Defence Forces to meet their immediate requirement fo...

No Corruption In Defence Procurements In Last 2 Years, Says Manohar Parrikar

The government today asserted that no case involving corruption in defence procurements undertaken during the last two years has come to light.

Transparent Defence Procurement Will Save Money: Manohar Parrikar

If the defence procurement system is open and transparent, it can bring down the purchase cost by at least 20-25 per cent without compromising on quality parameters, Defence Minister Manohar Parrikar said today.

Indian, Israeli Companies Join Hands For 'Make In India'

More than 25 Indian and over 100 Israeli companies will gather later this month for a business seminar on defence and security in Israel, it was announced here on Friday.

Manohar Parrikar Allays Fears Of Firms On Strategic Partnership Move

Defence Minister Manohar Parrikar has sought to allay fears expressed by domestic and foreign defence firms that only big companies might get benefit from the proposed strategic partnership move of the government in critical segments like submarines, aircraft and missiles.

Defence Ministry Launches Website For Interface With Industry

Seeking to make defence acquisition process simpler and transparent, the government today launched a new 'Make in India' website that will provide an interface with industry and promised to finalise the new revised defence procurement procedure by January.

Defence Procurement Procedure With 'Make In India' Focus To Be Out Soon

Defence Minister Manohar Parrikar today said the much-awaited new simplified Defence Procurement Procedure with focus on 'Make in India' initiative will be out soon, and a Defence Procurement Manual will also be finalized by June next year.

New Defence Procurement Policy to Clearly Define Role of Agents: Manohar Parrikar

To ensure transparency, government will soon allow foreign defence firms to appoint agents but the companies will have to upfront mention the "reasonable" remuneration to be paid and won't be allowed to dole out any bonus or success fees, Defence Minister Manohar Parrikar said.

UK Nuclear Deterrent to Cost 167 Billon Pounds, Far More Than Expected

The overall cost of replacing and maintaining Britain's nuclear deterrent will reach 167 billion pounds ($256 billion), much more than expected, according to a lawmaker's and Reuters' calculations based on official figures.

Normally, an advanced new weapon system with a battle-proven success rate of 90 percent would have global defence procurement agencies on the phone in minutes. But Israel's Iron Dome rocket interceptor is yet to prove a hit with buyers abroad.