SSS Defence not only bags contract to supply .338 Lapua Magnum calibre sniper rifle, but also deals to deliver nearly USD 50 million worth of ammunition to multiple friendly countries.
All contracts that materialised in FY 2023-24 & 2022-23 were with Indian public, private vendors. Army is looking at indigenising sustenance of weapon systems which includes spares & munition.
The manifesto, released Sunday, focused on making India a manufacturing and export hub, creating employment opportunities through this, and expanding a few ongoing schemes.
Private sector & DPSUs accounted for about 60% & 40% of the total exports. Growth is 32.5 percent as compared to previous fiscal, says defence minister.
Order value wasn’t disclosed but Airbus India MD says company sources components & services worth $750 mn from India every year and plans to take it to $1.5 bn over next few years.
A variety of factors, including Apple’s pricing strategy, forex fluctuations and import duties, are leading to this huge price discrepancy, say experts.
In its last year in office, the Modi govt should consider revisiting the Civil Liability for Nuclear Damage Act 2010, which stalled India-US nuclear cooperation.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
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.
The lapua Magnum is a cartridge not a sniper rifle so what did the company sell?