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Monthly Archives: July 2015

Pipavav and Russian firm sign JV for Refit of submarine

Indian private shipyard Pipavav Defence and Offshore Engineering Company (PDOC) has signed an agreement with JSC Ship Repairing Centre Zvyozdochka, Russia, for Medium Refits and Life Certification of 877EKM Submarines in India. Under the agreement, Zvyozdochka will provide complete technical assistance and support, including the enhancement of infrastructure at the PDOC facilities &...

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Reliance- Augur sign pact to build Aerostat and Aeroship

India’s Anil Ambani-led Reliance group has signed an agreement with a Singapore-based firm Augur Overseas Operation to manufacture aerostat and aeroship for the armed forces. The joint venture with Reliance having 51 per cent share, would be involved in the development, production, sales, modification and life support for different sizes of aerostats, airships...

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Government issues new export regulations for defence firms

The Indian Government has recently eased several bureaucratic hurdles in export regulations and done away with a provision that demanded multiple assurances by foreign governments even for the sale of components and parts by Indian entities. The new set of rules for exports for both the private and public sector includes:

  •  Removal...
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LRSAM to be test fired in India

India and Israel’s co-developed Long Range Surface to Air Missile (LRSAM), also known as Barak-8 will be test-fired in India in October this year. The current trials are for Navy and  parallel ground trials will also be conducted for the Air Force and Army variants as well. The missile has a range of 70 km.

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India received US $5.02 Million as FDI in Defence since 2001

India, as of now, has received US$ 5.02 Million (Rs 32 Crores) in Foreign Direct Investment (FDI) in the defence industry sector. Since 2001, India has allowed FDI up to 26 per cent in its defence industry, however, last year in August, India had raised the FDI cap in defence sector from 26...

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