Tag: India

India, Vietnam ink MoU on logistics support as Rajnath Singh hold talks

NEW DELHI: India and Vietnam on Tuesday signed an MoU on mutual logistics support, the first such major agreement Hanoi has inked with any country towards simplifying procedures for mutually-beneficial logistic support as Defence Minister Rajnath Singh held wide-ranging discussions with General Phan Van Giang on “effective and practical initiatives” to further bolster defence engagements. […]

India approves procurement of military equipment, platforms worth Rs 76,390

NEW DELHI: In a significant move to boost self-reliance in defence manufacturing, the government of India on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries to enhance India’s overall combat capabilities. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the procurement of next-generation […]

India probably buys less oil from Russia in a month that what Europe does in an afternoon: Jaishankar

NEW DELHI: India’s total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar has said. “I noticed you refer to oil purchases. If you are looking at energy purchases from Russia, I would suggest that your attention should be focused on […]

India achieves $400 billion merchandise exports well before target date:Piyush Goyal

NEW DELHI: The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal today said that the achievement of USD 400 billion exports was the result of a concerted, collective effort by every sector, every stakeholder in the nation. Merchandise exports from India have crossed $400 billion in the […]

USA says India is a bit shaky in terms of dealing with aggression of Russia

WASHINGTON: India is a bit shaky in terms of showing support against the Russian invasion of Ukraine, US President Joe Biden has said asserting that most American friends and allies have presented a united front in terms of dealing with Vladimir Putin’s “aggression”. On February 24, Russian forces launched military operations in Ukraine, three days […]

Japan is India’s 5th largest investor, 114 Japanese companies currently operate across India

NEW DELHI: In a big-ticket move, Japanese Prime Minister Fumio Kishida on Saturday announced an investment target of five trillion yen (Rs 3,20,000 crore) in India over the next five years after holding talks with his Indian counterpart Narendra Modi on a wide range of issues, including the Ukraine crisis. The two sides inked six […]

Solar manufacturing industry providing 30,000 jobs annually in India

NEW DELHI: The solar manufacturing industry is providing 29,900 new jobs every year based on the installed capacity, the government informed the Rajya Sabha on Tuesday. Under solar manufacturing, module and capacity as of date is 11,500 MW, Minister of State for New and Renewable Energy Bhagwanth Khuba said. “One MW provides 2.6 jobs per […]

Sanctions on Russia unlikely to trouble Indian defence sector: Niti Aayog member

NEW DELHI: India’s defence sector will not face any problems because of the western sanctions on Russia as Moscow has an inherent military strength and is self-sufficient in its production capabilities, Niti Aayog member V K Saraswat said on Wednesday. Russia is one of biggest suppliers of defence products and equipment to India mostly under […]

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