Tagged: Defence Budget

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Indian Defense Sector Opens up to Private Players

Indian Defence News: Indian Defense Sector Opens up to Private Players; Clears $2.8 Bln of Orders Indian private companies would have to forge a joint venture with foreign firms for the purpose of manufacturing specific products with complete transfer of technology. The foreign firms, however, would not hold a majority stake in such joint ventures. New Delhi- The Indian Army has...

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China standoff: MoD wants extra Rs 20,000 crore budget to be battle-ready

Indian Defence News: Amid Doklam stand-off, MoD seeks additional Rs 20,000 crore for combat readiness of armed forces The defence ministry sought an urgent additional allocation of Rs 20,000 crore for military modernization The forces have projected a requirement of Rs 26.84 lakh crore ($416 billion) over the next five years “The finance ministry said the MoD request will be examined...