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At DefExpo 2020, Defence Minister Rajnath Singh said India is geared up to provide Offshore Patrol Vessels, fast interceptor boats, UAVs and arms & ammunition to Africa.
DefExpo in Lucknow also invites criticism on Day One for poor arrangements at the much-publicised tent city for VIP guests. Nail found protruding from bathroom floor.
Eight systems ‘transferred’ by defence minister Nirmala Sitharaman, but DRDO had already handed them over at different periods since 2012.
QRSAM tested at Balasore rolled uncontrollably, fell into the Bay of Bengal Monday. This is at least the second failure for the missile in four tests.
Defence ministry is working to amend the offsets policy, which mandates investment of at least 30 per cent of value in defence & aerospace manufacturing. New Delhi: Foreign companies who have won a substantial defence contract in India currently have to invest at least 30 per cent of the value in the defence and aerospace sectors. But a new policy that the defence ministry is working on could steer the focus of this offset away from the manufacturing sector, and into investments in the stock market and infrastructure. The move will come as a huge relief to foreign firms which have large outstanding offset obligations in India – about $16 billion to be undertaken by 2028 – and have been finding it tough to discharge these obligations due to the limited avenues available in India’s fledgling defence and aerospace market. This number is expected to go up in the coming years as well. It...