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Recommending increase in FDI in the defence production sector, a House panel has asked the Centre to consider a hike over the current 26 per cent limit to bring in much needed investments for research and design and production of weapon systems. The
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Federal Minister for Defence Syed Naveed Qamar on Friday said that Pakistan's drone technology is at its initial stage. It has been used by the armed forces for air surveillance only...It will also help ascertain the requirement of our armed forces
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The government should announce confidence building reforms such as allowing FDI in multi-brand retail to address concerns expressed by US President Barack Obama on India's investment climate, industry body CII said today. "It is time to announce a
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Friday called for allowing 100 per cent foreign direct investments in the defence sector to develop a domestic industrial base, encourage technology transfers and curb large-scale imports. With a budget outlay of Rs 1.8 lakh crore, India imports
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The Defence Industry sector is open up to 100% for Indian Private sector participation with FDI permissible upto 26%, both subject to licensing.The Government promotes production of equipment/components/ spares under transfer of
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Minister of State for Defence MM Pallam Raju on Wednesday said the government sought a greater role for the private sector in the defence manufacturing sector. Inaugurating the second National Manufacturing and Innovation Summit here, Raju said: "We
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Pakistan has made significant progress in developing indigenous capabilities for production of sophisticated weapon systems and equipments. This was stated by Ambassador of Pakistan in UAE Jamil Ahmed Khan while addressing a press conference after
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Defence Minister AK Antony unveiled the first ever Defence Production Policy (DPrP) here on Thursday. DPrP will act as a catalyst to enhance potential of Small and Medium Enterprises (SMEs) for indigenisation as also for broadening the defence
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India will this week come out with its first Defence Production Policy (DPP) that aims to arrest the trend of imports in arms purchases and strongly pitches for a robust domestic industry. The draft of the new DPP, approved in December 2010 by the
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With self-reliance the new buzzword in UPA-II, the government is drafting a 'signal-free' roadmap to generate and expand the country defence production industrial base that covers and caters to almost the entire spectrum of the armed forces needs.
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