Rolls-Royce and GRSE Tie up
Rolls-Royce has teamed up with GRSE to help assemble naval engines through transfer of MTU technology related to assembly, testing and painting, in addition to an option for the local production of parts in the near future. GRSE is looking to achieve 40 per cent indigenous content progressively for the MTU 4000 series...
India Likely to Sign Cyber Security Pact
During the forthcoming visit by the Indian PM to Berlin on May 31, India is likely to sign cyber-security Pact with Germany and Spain.The pact includes joint fight against cybercrimes and countering violent extremism (CVE) and focus to counter-terrorism and de-radicalisation partnerships. http://economictimes.indiatimes.com/news/politics-and-nation/india-likely-to-sign-cyber-security-pact-with-spain-germany-during-pm-narendra-modis-visit/articleshow/58831565.cms
...India Likely to Join IATA
India is likely to join International Arms Trade Agreement (IATA), as it has updated its guidelines of dual use items having both military and civil applications. The updated list includes 16 broad categories of products that can be exported after clearance, is likely to boost military trade and make clearances easier for private...
Aeronautical Test Range
DRDO has developed the Aeronautical Test Range (ATR) at Chitraguda district, was partially operating since December, 2010. It is the country’s first of its kind Aeronautical Test Range at with a mega multi-agency complex for integrating and testing various Unmanned Air Vehicles (UAV) having technical infrastructure covering 4,090 acres, built at a cost...
Nirbhay Retest
Nirbahy cruise missile having a strike range of nearly 1,000 kmlong has met with three failure consecutively during the test on March 12, 2013, October 16, 2015, December 21, 2016. It will be tested again by DRDO on 31 May.
http://www.newindianexpress.com/states/odisha/2017/may/24/after-three-failures-miracle-awaits-nirbhay-test-success-1608447.html...India-Germany Defence Tie up
The forthcoming visit by the Indian PM to Germany is likely to pave the way for fresh G2G agreement in defence procurement. Germany has invested Rs. 53,000 crore in India since 2010 and India is considered as a strategic partner. http://www.newindianexpress.com/nation/2017/may/23/modi-visit-india-germany-look-to-step-up-economic-defence-cooperation-1608147.htm
...Mahindra Aeroflot Tie up in Offing
Mahindra Aerospace is keen to tie up with Russia’s Aeroflot company to manufacture parts and designing the interiors of Irkut- MC-21 Civil aircraft. http://www.thehindubusinessline.com/companies/mahindra-eyes-deal-with-russian-airliner/article9708186.ece
...Attack Helicopter for Army
The Army is likely to get 11 Apache helicopters, while the original order of 22 helicopters will be with the IAF. The original deal cost $3-billion for 22 Apache attack helicopters and 15 Chinook heavy-lifthelicopters through the Foreign Military Sales program.Army has already placed an order 114 indigenously developed Light Combat Helicopters (LCH)....
Credit Rating Requirement for “Make” Participant
The credit rating requirement for Indian vendors has been changed from B++ to 'BBB' issued by any Rating Agencies registered with SEBI such as CRISIL/ICRA. For MSMEs, the minimum rating should be 'SME-4' issued by SMERA Ratings Ltd.
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