108 items are on the second list, which include light helicopters with single engines, next generation Corvettes, mini UAV for surveillance and anti-material rifles among others.
The defence ministry says the vehicle will be authorised to various fighting units for carriage of medium machine guns, automatic grenade launchers and anti-tank guided missiles.
Modi govt has created a high-ranking committee comprising the defence minister, the external affairs minister and the national security advisor for faster export approvals.
PM Modi targets $5 billion in defence exports in next 5 years. If 'Make in India’ reaches its full potential, $10-15 billion is achievable in a decade.
Maha ARC was set up to restructure distressed institutions linked to state government, but officials said the company would have been most useful for reconstructing and selling off sick cooperatives.
At defence conclave, Air Chief Marshal A.P. Singh says conflict needs all kinds of weapons, not just the long-range ones, as a paracetamol cannot cure all ailments.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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