New Delhi: Rejecting the Defence Ministry's view on foreign direct investment, a Parliamentary committee has recommended enhancement in FDI limit to attract foreign companies as it would benefit the Indian defence sector in the long run and save precious foreign exchange. The Standing Committee on Defence took note of the divergent views within the Ministry over the issue. While the Department of Defence Production opposes FDI, the DRDO favours it, the Committee said.
"The Committee desire to recommend enhancement in the FDI limit to attract foreign companies which in a long term would benefit not only the Indian defence industry but also help in providing employment opportunities and saving precious foreign exchange," the Committee said in its report. It noted the Defence Ministry's point of view for not increasing the FDI was, "if there is a war situation and a particular country which has set up a production facility in India withdraws production process, it may prove suicidal for our national interest."
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02:45 AM, Apr 30, 2013
Balasore: A fire broke out in Chandipur's ammunition depot in Odisha early Monday morning. The fire broke out at 4 am in the ammunition testing centre of the Proof and Experimental Establishment or PXE. "The fire triggered explosions as it erupted in the magazine store of the Proof and Experimental Establishment (PXE) where shells and ammunition of different capacities and sizes are stored for test," Officer In-Charge of Chandipur police...
08:08 AM, Apr 29, 2013
New Delhi: The medium range, nuclear capable surface-to-surface Agni-II missile was on Sunday successfully test-fired with a strike range of more than 2,000 km from the Wheeler Island off Odisha coast. "The trial of the surface-to-surface missile was conducted from a mobile launcher from the Launch Complex-4 of Integrated Test Range (ITR) at around 10:20 am," defence sources said. "Agni-II Intermediate Range Ballistic Missile (IRBM) has already been inducted into...
11:26 AM, Apr 07, 2013
The computers of highly-sensitive Defence Research and Development Organisation (DRDO) have reportedly been hacked. The hacking is suspected to have been carried out by Chinese hackers and there are fears that some sensitive information could have been compromised. ...
05:47 PM, Mar 13, 2013
The government has ordered a probe into reports that Chinese hackers targeted sensitive government files. Hundreds of sites are among those said to have been hacked. The DRDO though denied any of its sites were targeted. ...
04:05 PM, Mar 13, 2013
India's first indigenously developed sub-sonic cruise missile Nirbhay on Tuesday failed to hit the target in its maiden test-firing as it had to be terminated mid-way after deviating from the flight course. However, the DRDO said the missile "successfully" met the basic mission objectives and performed some of the manouveres satisfactorily before being terminated mid way. ...
02:24 PM, Mar 12, 2013
India on Tuesday test fired cruise missile Nirbhay from the Interim Test Range (ITR) in Chandipur in Odisha with partial success. Nirbhay, which has a range of 1000 km, was fired at 11:55 am from a mobile launcher. However, it deviated from its path and failed to hit its pre-designed target set in the sea, following which the missile was terminated. ...
12:32 PM, Mar 12, 2013
In the last three years, the Indian Air Force has lost 29 fighter planes including 12 MiG 21s in crashes in which six pilots lost their lives, the Lok Sabha was informed on Monday. ...
04:56 PM, Mar 11, 2013
Prime Minister Manmohan Singh hits out at the BJP calling its leadership abusive and arrogant. ...
11:57 PM, Mar 06, 2013
Aijaz Ahmed Mirza was released from the Bangalore central jail on Tuesday. ...
11:55 PM, Mar 06, 2013
Twenty six-year-old Aijaz Mirza, who was released from jail after six months after the National Investigation Agency (NIA) found no proof against him in a terror plot is fighting to rebuild his reputation and reclaim his life after being sacked by the DRDO. ...
07:27 AM, Mar 06, 2013
A former employee of the Defence Research and Development Organisation (DRDO) was released from the Bangalore central jail on Tuesday evening. ...
10:16 PM, Mar 05, 2013
One more suspected terrorist will be released on bail soon in the Bangalore terror module bust after the National Investigative Agency told a Bangalore court that it has no charges to file against him. This time, it is the DRDO scientist who was arrested in August 2012. ...
12:01 PM, Mar 02, 2013
India's Defence Research and Development Organisation (DRDO) will set up missile test ranges in Andaman and Nicobar Islands and Andhra Pradesh and the process has been initiated to acquire land, the government said on Wednesday. ...
02:38 AM, Feb 28, 2013
Aerobatic display by metal birds enthralled tens of thousands of aviation enthusiasts at Yelahanka airbase in Bangalore on Sunday as the curtains came down on the five-day Aero India 2013, Asia's premier airshow. ...
01:20 AM, Feb 11, 2013
Kicking off Asia's biggest aerospace exposition here, Defence Minister AK Antony on February 6 said the focus of the country is achieving self reliance in the defence sector. Aero India 2013 showcases the latest international technology in military and civil aircraft, avionics and sub-systems, as well as radars in the defence and aerospace sectors. ...
02:50 PM, Feb 06, 2013
India would flight test sub-sonic, medium range cruise missile Nirbhay, in February 2013, a key defence official said on Friday. ...
04:26 PM, Jan 25, 2013
ndia has just taken up development of the Rs 6,000 crore Airborne Warning and Control System (AWACS) that will have the capability to penetrate "longer distances" enemy territory by way of radars and electronic warfare systems without venturing into the region physically, a top defence official said on Friday. ...
04:13 PM, Jan 25, 2013
Long Range Ballistic Missile Agni-5 and Airborne Early Warning and Control System will be some of the major attractions of the DRDO tableau during the Republic Day parade. DRDO had successfully test fired the Agni-5 in April last year and had entered the elite club of nations to possess the capability. ...
03:58 AM, Jan 23, 2013
India and the US have finalised a Rs 3000-crore deal for supplying 99 jet engines to be used in the indigenous Light Combat Aircraft 'Tejas' being developed by the DRDO. Around two years ago, India had selected the American company General Electric over its rival European Eurojet 2000 for the LCA Mark II programme expected to be ready around 2014-15. ...
04:41 AM, Jan 21, 2013
