Indian Ordnance Factories 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-Russia sign agreement on manufacturing AK-203 rifles

The Defence Minister is at Russia’s capital Moscow attending SCO meet. He arrived on September 2, 2020 and is on a three-day visit. Highlights The Defence Minister on the side lines of the SCO meet held talks with his Russian counter part Shoigu. During the meet, the leaders signed the AK-203 rifles deal. According to Read More…

SRIJAN: Online Portal launched to promote Indigenisation of Defence Production

On August 14, 2020, the Defence Minister Raj Nath Singh launched “SRIJAN”, an online portal to promote indigenization of Defence production. Highlights The portal is to display those items that are currently being imported by Indian Defence Industry. This will help domestic industries of the country to learn and focus more on these specific items. Read More…

ANANYA: Disinfectant Spray developed by Defence Institute

The Pune based Defence Institute of Advanced Technology (DIAT) has developed Nano-Technology based disinfectant spray to fight against COVID-19. The spray has been named ANANYA. Highlights The spray can be used by common man, health care workers. Also, the spray can be used on a large-scale use as well. It can be used on masks, Read More…

DPIIT revises Public Procurement Order to encourage Make in India

The Department of Promotion of Industry and Internal Trade (DPIIT) recently revised Public Procurement Order in order to provide preference to Make in India initiative. Highlights According to the order, DPIIT has prescribed minimum of 60% procurement of local content for the year 2020-21, 70% for the years 2021-23 and 80% for the years 2023-25. Read More…