Ministry of Defence claims 60 percent rise in indigenous defence production in past 5 yrs, attributing it to policy reforms and soaring defence exports.
Mazagon Dock Shipbuilders has been without a head since Feb this year due to power struggle between naval officers and civil servants on criteria of qualifications.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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