During Modi’s visit to Israel, India and Israel agreed to enhance bilateral defence cooperation, including joint development and production of defence systems.
IndiGo showed how a single point of failure can ripple across a sector. In defence, where there is no external fallback, the consequences are far more serious.
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.
Armed forces are identifying weapons & platforms that will be placed on an import ban list as Modi govt has announced a slew of measures to boost ‘Make in India’.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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