Defence industry Current Affairs - 2019

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DAC approves implementation of Strategic Partnership guidelines

Defence Acquisition Council (DAC) chaired by Union Defence Minister Nirmala Sitharaman has approved implementation of Strategic Partnership guidelines. It is considered as major step towards boosting private sector participation in domestic defence manufacturing. The policy had come into effect in May 2017 but progress was delayed due to lack of specific guidelines. Strategic Partnership Guidelines Read More…

Month:  Categories: Defence & Security

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Ashok Leyland to supply 10×10 heavy vehicles to Indian Army

Indian Army has awarded Rs. 100-crore contract for 81 high mobility 10×10 vehicles to India’s leading vehicle manufacturer Ashok Leyland. This is for first time Indian vehicle manufacturer will deliver heavy duty, high mobility vehicles for the launchers. This will reduce dependency on imports Key Facts The heavy duty, high mobility vehicles manufactured by Ashok Read More…

Month:  Categories: Defence & Security

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INS Visakhapatnam, stealth destroyer of Indian Navy launched

Indian Navy’s new stealth destroyer named INS Visakhapatnam was launched on 20 April 2015 at the Mazgaon Docks Ltd (MDL) in Mumbai, Maharashtra. Visakhapatnam is the Kolkata-class warship and the first of P15-B stealth destroyers which is designed indigenously and fitted with advanced features. It is the largest destroyer commissioned in India. Features of INS Read More…

Month:  Categories: Defence & Security

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Union Government gives nod to AWACS project

Union Government on 27 Mach 2015 gave its approval to build crore strategic project of next-generation Airborne Warning and Control Systems (AWACS). Decision in this regard was taken by Defence Acquisition Council (DAC) headed by Union Defence Minister Manohar Parrikar. DAC gave its nod for two AWACS, which includes buying two Airbus A330s, worth 5,113 Read More…

Month:  Categories: Defence & SecurityScience & Technology

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Three Immediate Support Vessels Commissioned in Indian Navy

Three Immediate Support Vessels (ISVs) were commissioned on 24 March 2015 in Indian Navy at the Eastern Naval Command (ENC) base in Visakhapatnam, Andhra Pradesh. These three ISVs are second batch of the vessels and have joined the 84th ISV Squadron of the Indian Navy located at ENC. With commissioning of these vessels, ENC now Read More…

Month:  Categories: Defence & Security

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Japan, France sign defence pact to boost cooperation, joint development

Japan and France have signed an arms transfer agreement for military equipment, services and technology. The defence pact seeks to boost cooperation and joint development between both countries in order to strengthen security ties. The agreement will also pave the way for Japan to develop drones and other unmanned equipment together as it seeks to Read More…

Month:  Categories: International

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Reliance Infrastructure acquires Pipavav Defence

Anil Ambani-led Reliance Infrastructure has acquired Pipavav Defence and Offshore Engineering in an all-cash deal. The acquisition will be done by Reliance Infrastructure, along with its wholly owned subsidiary Reliance Defence Systems Pvt Ltd. As part of deal Reliance Infra will first invest Rs 819 crore to acquire 17.66 per cent stake from the promoters Read More…

Month:  Categories: Business, Economy & Banking

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