India approves RFP for construction of six submarines at approx cost of Rs 43,000 crore
NEW DELHI: The Defence Acquisition Council (DAC), in its meeting held under the Chairmanship of Raksha Mantri (India’s Defence Minister) Rajnath Singh on June 04, 2021, has approved proposals concerning Capital Acquisitions of various equipment for modernisation and operational needs of the Armed Forces amounting to approx. Rs 6,000 crore. In addition, the DAC also […]
Mahindra signs contract with Ministry of Defence to supply 1,300 light specialist vehicles to Indian Army
NEW DELHI: Providing further boost to ‘Make in India’, Ministry of Defence (MoD) signed a contract with Mahindra Defence Systems Ltd (MDSL) for supply of 1,300 Light Specialist Vehicles to the Indian Army, at a cost of Rs 1,056 crore, in New Delhi on March 22, 2021. The induction of vehicles is planned to be […]
RAC MiG joins hands with Aviatech Enterprises
NEW DELHI: Aviatech Enterprises Pvt. Ltd. (AEPL), a Crown Group Company, specialising in defence aerospace MRO and Aviation Engineering services including engineering design, Manufacture, Product development and Production for Indigenisation and NABL accredited Calibration facility,today announced that it has entered into a ‘Framework Agreement’ with joint stock company RAC MiG. AEPL will be the in-country […]
Vivo India to raise localisation level to 40 per cent by 2021
NEW DELHI: Smartphone brand Vivo India on Friday said it was planning to raise the localisation level in the phones produced in India to 40 per cent by 2021, a senior company official said. The government in the recent past increased import duty on accessories and components of mobile phones like motherboards, panels and touchpads […]
Atma Nirbhar Bharat:Defence ministry to ban 101 items for import
NEW DELHI: Prime Minister Narendra Modi in his address to the Nation on May 12, 2020 had given a clarion call for a self-reliant India based on the five pillars, i.e., Economy, Infrastructure, System, Demography & Demand and announced a special economic package for Self-Reliant India named ‘Atmanirbhar Bharat’. Taking cue from that evocation, the […]
Trilogy of Schemes to Script a Global Chapter in Electronics Manufacturing
NEW DELHI: The government of India headed by Prime Minister Narendra Modi has always believed in transformative programs be it Digital India, Make in India and Startup India. These initiatives have empowered ordinary Indians, led to digital inclusion, encouraged innovation and entrepreneurship and raised the stature of India as a global digital power. Promotion of […]
‘Make in India’ has become ‘Buy from China’: Rahul Gandhi hits out at government on RCEP
NEW DELHI: Asserting that “Make in India” has become “Buy from China”, Congress leader Rahul Gandhi on Monday hit out at the RCEP and alleged that the proposed free trade deal will flood the country with cheap goods, resulting in millions of job losses and crippling the economy. Gandhi’s takedown of the proposed trade agreement […]