Nobody can claim that Modi govt’s intentions are misguided. India must create jobs in cities as these hubs of modernisation are more productive than villages.
India will acquire a world class capability, truly among the best in the world that would give your air force an incredible sovereign tool, French Defence minister Florence added.
The first 20,000 AK 203 rifles will be imported from Russia at a cost of about Rs 80,000 a piece. The rest are to be manufactured in India as part of a joint venture.
Army's fresh order for SIG assault rifles would mean over 1.4 lakh rifles will be bought off the shelf from US despite a domestic industry that manufactures a range of assault rifles.
The assault rifles will be manufactured under Make in India initiative in Madhya Pradesh by joint venture PLR Systems, which is already producing arms like Tavor.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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