Indian Defense firm Bharat Forge and US-based FutureNet Group inked defense and security partnerships during the ongoing Vibrant Gujarat Summit on Sunday.
According to the partnership, Bharat Forge will set up a unit for upgrade and overhaul of armored vehicles in the Indian state of Gujarat. FutureNet will invest $95 million for a unit that will deal in Guard Booths, Cable and Mobile Barrier Canopies.
Meanwhile, a local firm Abhyuday Techno Economic Consultants Pvt Ltd announced to set up a mega defense equipment park in North Gujarat for re-engineering at the cost of $28 million.
Indian defense ministry is likely to come out with a new “simplified and time-bound” defense procurement policy (DPP) by March this year. Indian Defense Minister Manohar Parrikar speaking at a seminar during the Vibrant Gujarat summit on Sunday said that he has been trying to decode the DPP 2013 for the past two months after he assumed office in November 2014
The Indian Navy has 41 ships and submarines under construction in Indian shipyards, the Chief of the Naval Staff Admiral Robin K Dhowan said in Bangalore yesterday. “The Navys blueprint revolves around the ‘Make in India concept
An Electronic Warfare (EW) suite developed by the state owned Defence Avionics Research Establishment (DARE), flew for the first time onboard the “Tejas-PV1 Light Combat Aircraft” today at Bengaluru. In addition to the Radar Warner, the EW suite is equipped with a jammer
Dassault has offered the latest version of the Rafale fighter, the F3R for nearly double the price of the F3 version it originally bid with in the Indian fighter aircraft competition. The company is reportedy insisting that India take the latest version as the French company is upgrading aircraft in the French Air Force to the F3R version and all future aircraft manufactured will be of the latest version
The US may offer some of its latest defence products for joint production in India under the Defence Trade and Technology Initiative (DTTI) as part of a new 10 year defence framework pact. The pact is expected to be signed during the visit of US President Barak Obama to New Delhi later this month
Bharat Forge Limited and AM General LLC have announced today at DEFEXPO 2016 that they teaming to bid for India's Light Specialist Vehicle (LSV) program. AM General's battle-tested HMMWV is offered as the LSV's base platform -- with final build and production to take place in India
The Indian Army has decided to junk the Future Infantry Soldier As a System (F-INSAS) program in favor of two separate projects. The new program will have two components: one arming the modern infantry soldier with the best available assault rifle, carbines and personal equipment such as the helmet and bulletproof vests and the second component is the Battlefield Management Systems (BMS)
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