Medical devices planned for promotion include specific equipment across 8 segments. Products are slated to be manufactured by both Indian firms & MNCs with manufacturing units.
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 India, we are accustomed to glacial change. We love appointing Committees to ‘look into’ reform. Unfortunately for us, the rest of the world moves fast.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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