Indian private companies, Bharat Forge, ABG Shipyard, Pipavav Defense and Offshore Engineering Company will now be able to set up defense and explosive manufacturing units.
An inter-ministerial committee chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant on Wednesday cleared most of 144 proposals for setting up manufacturing units that included defense and explosive sectors.
This will be the first time where in private companies’ proposal to set up weapons manufacturing units has been approved.
An Indian news agency report quoting an unnamed s DIPP official said that the panel considered the proposals of Bharat Forge Ltd in Maharashtra for small arms, weapons and fuse devices. ABG Shipyard, Pipavav Defence and Offshore Engineering Company Ltd too had submitted proposals for weapons and arms manufacture.
“Majority of the proposals which were considered today were approved,” the official said.
Of the proposals that applied for clearances, 43 were from defense manufacturing sector and 97 from explosive sector. As many as 91 proposals in the explosive sectors were cleared, sources said.
India plans to expand operations of its state run Hindustan Aeronautics (HAL) to compete with global defense equipment manufacturing companies, Defense Minister Manohar Parrikar said Wednesday. The minister said during the inspection of defense equipment manufacturing companies in Kanpur and discussed with the units' officials the ways to increase quality and quantity of their products
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India has successfully test-fired nuclear weapons-capable Dhanush, a naval variant of Prithvi-II missile from a ship, off the Odisha coast on Thursday. Personnel of the Strategic Forces Command (SFC) carried out the launch at 11
The test fire of an updated version of Indias Advanced Air Defense interceptor missile on Monday failed due to the weapon system falling down immediately after take-off from the launcher. The missile was targeted to intercept an electronic target within an altitude of below 20 km as simulated by the mission team to gauge the efficiency and killing precision of the missile
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