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Monthly Archives: October 2017

India may ink deal for Missile-Carrying Frigates with Russia

India likely to seal a $4-billion contract with Russia for the purchase of four missile-carrying frigates, to be called - Project 11356. The contract would be based on the “two plus two formula”, wherein two frigates will be built in Russia and sent to India, whereas another two will be built at the...

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MoD seeking extra funds for modernization

Indian Ministry of Defence (MoD) is seeking an additional Rs 22,000 crore from the government for defence modernisation at the Revised Estimates (RE) stage. Till now the ministry is already spent 65 per cent (Air Force - 82%, Navy -57% and Army- 55%) of its budgetary allocation for capital expenditure.

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Offshore patrol vessel handed over to ICG

Indian Coast Guard have received an offshore patrol vessel (OPV) named "Vikram", developed in-house by Larsen and Toubro.  This is the first of the seven vessels for which the Rs 1,432-crore contract signed in March 2015. The ship is fitted with one 30 mm automatic gun and two 12.7 mm gun with fire...

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Defence Minister Meeting Defence Industry

Number of leading companies, keen to work on government’s “Make in India” initiative for the defence sector will meet Raksha Mantri Nirmala Sitharaman on Saturday morning to explore mechanism for gearing up the decision making. Some of the major programs awaiting decisions due to lack of capability in taking decisions includes artillery systems...

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HAL Keen on FGFA

Hindustan Aeronautics Ltd (HAL) is strongly pitching Russia for going ahead with the fifth-generation fighter jet project. The project had inked an inter-governmental pact in 2007and in 2010, India had agreed to pay USD 295 million (Rs 1,897 crore) towards the preliminary design of the fighter. The Indian Air Force is understood to have reservations...
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US Keen for Indian defence deal

In the recent visit of Secretary of  State Rex Tillerson to India, both the sides have discussed about their mutual interest in expanding maritime cooperation. The US also proposed India for Guardian UAVs, aircraft carrier technologies, the Future Vertical Lift programme, and F-18 and F-16 fighter aircraft. However, Pakistan has opposed supply of...

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JV by Cochin Shipyard

Cochin Shipyard is in the advanced stage of forming a JV with Hooghly Dock & Port Engineering Ltd for upgradation and modernisation of shipbuilding infrastructure at two shipyard sites in Kolkata, named “Hooghly Cochin Shipyard Limited (HSSL)”.In the JV, Cochin Shipyard Ltd will have 76 per cent stake and rest will be with...

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