Defence exports Current Affairs - 2020

Union Government Approved Amendment to FDI Policy in Defence Sector

The union Government of India have approved Foreign Direct Investment (FDI) of 74%. This FDI has been allowed under the automatic route in defence sector. This will attract more overseas investors in the defence industry. This announcement was made by the Department for Promotion of Industry and Internal Trade (DPIIT) Background Government of India has Read More…

India to start bidding process of procuring six submarines

The Indian Navy is to acquire 24 new submarines. This is being done to bolster India’s underwater fighting capabilities. India is to launch the bidding process of procuring these submarines in September 2020. Highlights The submarines are to be built in India. Of these six are nuclear attack submarines and are to be built at Read More…

GoI sets up Expert Panel to redefine DRDO

On August 26, 2020, the Government of India set up an expert panel to redefine the roles and responsibilities of Defence Research Development Organization. Highlights The panel is being set up to fulfil the aim of GoI to reduce Indian military dependence on imports. This is because, currently India is the second largest arms importer Read More…

Defence Ministry signs agreement with BEML to procure 1,512 mine ploughs

On July 20, 2020, the Defence Ministry signed a contract with the Bharat Earth Movers Limited (BEML) to procure 1,512 mine plough devices at a cost of Rs 557 crores. Highlights The Mine Plough is a device that helps tanks to clear minefields. The mine ploughs are to be fitted with T-90 tanks. The induction Read More…

Defence Testing Infrastructure Scheme approved

On May 15, 2020, Defence Testing Infrastructure Scheme was approved by the Defence Minister Raj Nath Singh. The scheme is to be implemented at an estimated amount of Rs 400 crores. Highlights The Defence Research Development Organization and the 41 ordinance factories in the country have created testing facilities for ammunition, firearms, radar and electronic Read More…