Defence procurement to be made more transparent

Stung by the alleged scam in the AgustaWestland VVIP helicopter deal, the defence ministry is now busy tweaking the defence procurement policy that it hopes to unveil in mid-April this year. In......

Antony for speeding up defence procurements

With the armed forces going on a fast-track modernisation drive after Mumbaiterror strikes, Defence Minister A K Antony on Wednesday said that the "Unnecessary procedures, bottlenecks and red-tape......

Govt announces new defence procurement norms

In a move to cut down delays in armament procurement, the government Wednesday unveiled new weapons procurement procedures reintroducing the fast track process in modified form and making field......

Rajnath unveils new Defence Acquisition Procedure

In a major move, India has done away with offset requirements for government-to-government defence deals and single-vendor contracts under a new policy unveiled on Monday for the procurement of......

Can Parrikar overhaul defence procurement?

  As the DefenceExpo gets underway in Goa, Brigadier S K Chatterji (retd) says the proposed Defence Procurement Procedure 2016 should ensure that the Indian defence industry is on the path to......

India poised to become major defence sourcing hub

The government should establish a dedicated defence-specific special economic zone, apart from tax equalisation subsidy, as fiscal regime played a critical role in the defence market growth, an......

Govt likely to allow 49% FDI in defence

Fanning the hopes of private industry, the government today said it would consider allowing 49 per cent foreign investment in the defence sector "on a case-to-case basis." "We will stick to the......

Govt moots joint ventures in Defence production

With private participation in Defence production failing to take-off, the government on Monday suggested transfer of technology through joint ventures to Indian private industry for strengthening......