DEFENCE INDUSTRY

  • Lapsed tenders hurt Narendra Modi's 'Make in India' defence industry push April 8, 2015

    New Delhi: Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, Defence Ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms. Executives cited unrealistic quality demands from a military...
  • Western leaders rush to meet Modi as India plans to allow FDI in defence June 29, 2014

    New Delhi: Western governments are rushing to visit Prime Minister Narendra Modi, drawn by the prospect of multibilliondollar deals as the Indian government prepares to open the nascent defence industry to foreign investment. Senior politicians from France, the United States and Britain arrive in quick succession over the next 10 days...
  • Parliamentary panel recommends enhancing FDI limit April 30, 2013

    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...