Deepak Lamba allegedly established Automation Engineering & Industrial Services in July 2022 when he was DGM, Ordnance Factory Ambajhari. Rs 1.71-cr tender awarded just 4 months after.
Defence exports were once seen as exceptions. Today, they are part of annual planning cycles. Startups now pitch to the Army in structured innovation challenges. PSUs participate in global tenders.
Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
With German Defence Minister Boris Pistorius in town, India has told the European nation it is welcome to set up factories here for manufacture of military equipment, it is learnt.
In its report, the Parliamentary Standing Committee on Defence noted cadets can be used to train elderly & cyber illiterate in proper use of cyber applications like banking transactions.
While govt has opened up the sector to private players & FM in budget speech said quarter of govt R&D spending would go to private sector, procurement system remains a stumbling block.
The agreement establishes a framework for closer cooperation between the armed forces of India and Japan in reciprocal provision of supplies and services, an official said.
Speaking at a defence industry outreach seminar, Modi said govt is working to boost domestic manufacturing & developing new technologies with maximum role for the private sector.
The recent resignations of its seniormost judges are among the most pointed institutional protests Pakistan has witnessed since the lawyers’ movement of the late 2000s.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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