Indian defence industry exports watch

[ezsasa]

'Defence deals of Rs 72K cr inked with local vendors in 2 yrs'


As many as 73 defence deals amounting to Rs 72,303 crore were signed with local vendors in the past two years in line with the NDA government's flagship "Make in India" programme, Lok Sabha was informed today. MoS Defence Subhash Bhamre in a written reply in the House said the Defence Procurement Procedure (DPP) focuses on achieving the "Make in India" vision by according priority to buy Indian designed, developed and manufactured equipment over foreign.

"In the past two financial years, 2014-15 and 2015-16, 73 contracts amounting to Rs 72,303.34 crore were signed with Indian vendors. "In the same period, 85 cases amounting to Rs 1,60,362 crore were accorded 'Acceptance of Necessity' by Defence Acquisition Council under buy and make Indian category," he said. He said the Dhirendra Singh Committee, set up to evolve a policy framework for facilitating "Make in India" within the purview of the DPP and streamline the procurement process, has recommended a "strategic partnership model" for creating capacity in the private sector on a long-term basis.

Replying to another question, the minister said 72 contracts/agreements amounting to Rs 1,29,918.19 crore were signed for procurement of defence equipment from foreign countries, including for 36 Rafale fighter jets from France, over the last three financial years and the current year. In addition, 111 contracts involving a total value of Rs 94,020.67 crore were signed with Indian vendors for procurement of defence equipment in the same period. Answering another query, he said since opening of defence manufacturing for local private sector in May 2001, so far 342 industrial licences have been issued to 205 Indian companies.

"However, after the launch of Make in India programme in September 2014, the Ministry of Commerce & Industry, Department of Industrial Policy & Promotion (DIPP) have issued 116 industrial licences for manufacture of various licenseable defence items. "So far 53 licenced companies, covering 92 licences, have reported commencement of production," Bhamre said, adding that as per the current policy, industrial licence is valid for 15 years and expandable up to 18 years.

"During the period, companies are required to commence their commercial production. However, commencement of commercial production by the companies depends upon the business opportunities available to them," he added.

Read more at: http://www.moneycontrol.com/news/wi...dors2-yrs_8426601.html?utm_source=ref_article

 

[Indx TechStyle]

Defence panel to submit report on restructuring of acquisition wing
The panel was set up in May last year by Parrikar following recommendations of the Dhirendra Singh Committee.
BY: PTI | NEW DELHI | Published On: February 5, 2017 11:54 AM

A key committee set up by Defence Minister Manohar Parrikar to suggest ways to restructure the acquisition wing will submit its report this week which will pitch in for a separate set up for defence procurement. The panel was set up in May last year by Parrikar following recommendations of the Dhirendra Singh Committee, which had given inputs for the new Defence Procurement Policy.

It was headed by Vivek Rae, who had served as the director general (acquisition) in the Defence Ministry.

However, he quit as the chief in November last year following disagreement on key issues with other members of the panel which included former Financial Advisor to the Defence Ministry Amit Cowshish, Air Marshal (retd) N V Tyagi, Lt Gen (retd) A V Subramanian, IIM professor Pritam Singh and Defence Ministry officials J R K Rao and Sanjay Garg.

Parrikar had in February last year said government is “actively considering” a separate set up for defence acquisition.

Ministry sources said the panel’s report is final and will be submitted this week.

The Dhirendra Singh Committee has proposed “Dedicated Procurement Organisation Outside The Government Of India Ministry Structure” in a report submitted in 2015.

It had said the procurement executive, as now established, is a result of the recommendations of the group of ministers post Kargil war and is one of the institutions created as part of the reorganisation of the higher defence management structures.

“It has now functioned for more than a decade. Like any organisation it has its strength and weaknesses. It is our recommendation that the time is ripe for it to undergo a second set of reforms.

“Its main drawback is that it essentially performs line functions whilst being embedded in a larger structure, which is designed to perform staff functions,” the report had said.

 

[Indx TechStyle]

India, Vietnam hold talks on sale of Akash, Brahmos missiles

India has held a range of talks on the sale of indigenously developed surface-to-air Akash missile and supersonic Bramhos missile to Vietnam, the government today said.

"India and Vietnam share a strategic partnership. Defence cooperation, including supply of defence equipment, is an important aspect of this partnership.

"Both countries have held discussions on range of issues in this regard," Subhash Bhamre, Minister of State in the Ministry of Defence said in a written reply in Lok Sabha on whether the government has any plans to sell Akash and Bramhos to the Southeast Asian nation.

Responding to another question, Bhamre said a Committee of Experts was constituted by Ministry of Defence under the chairmanship of Lt Gen (retd) D B Shekatkar to recommend measures to enhance combat capability and rebalance defence expenditure of the armed forces.

"The Committee has submitted its final report in December 2016. An internal committee has been constituted within the Ministry to analyse the report, identify the recommendations to be accepted and to frame the key action points as well as a roadmap for their implementation," he said.

The Minister, in reply to another question, said trials on Pinaka rocket were successfully conducted at Integrated Test Range (ITR) Balasore in two phases on January 12 and 24 this year, with range of 65 km and 75 km, respectively.

The guided version of Pinaka rocket incorporates Inertial Navigation Systems (INS)/ Global Positioning System (GPS) for the mid-course guidance with accuracy of 60m to 80m at all ranges.

Pinaka has been designed and developed for induction into Army after successful user trials. Two regiments of Pinaka unguided version have already been inducted into the Army.

"Current trials have been conducted for demonstrating the feasibility of the development of guided version of Pinaka rocket using the same launcher and ammunition configuration.

In the recent trials conducted, the desired accuracy has been achieved," Bhamre said.

To a question on whether the air force has sufficient number of fighter aircraft to maintain its combat edge, he said, it is "adequately equipped" to cater for the threat environment that exists.

He said procurement of state-of-art fighter aircraft is on and it includes 36 Rafale jets, Su-30 MKI aircraft while procurement of LCA Tejas has also been approved.

Bhamre also said Advance Early Warning and Control (AEW&C) aircraft will be inducted into the Indian Air Force after completion of design and development flight trials and systems evaluation.

"Defence Research & Development Organisation (DRDO) has fitted into AEW&C various indigenously developed Systems/ Equipment. Complete software for all systems have also been developed indigenously, mostly within DRDO," he said.

To another question, the minister said, in the past two years, 50,000 bullet proof jackets (BPJ) have been procured for the Indian Army through an Indian manufacturer. Further, the case for procurement of BPJs of quantity 1,86,138 through Capital Route is under Buy (Indian) category.

 

[ezsasa]

Looks like there is continuity of policy regarding India in trump administration...
====================

US makes changes in export control laws to benefit India:

WASHINGTON: Recognising India's status as a 'Major Defence Partner', the US has made necessary changes in its export control laws that would benefit India by facilitating smoother transfer of technologies and arms to it.

The new rule that makes necessary changes in the export control laws "creates a presumption of approval" for Indian companies seeking to import Commerce Department-controlled military items, except Weapons of Mass Destruction-related goods.

This means that only under the rarest circumstances will India be denied licenses, a source familiar with the changes said.


"I'm pleased to see India's status as a 'Major Defence Partner' - a designation that we have strongly supported - be translated into tangible regulatory reform," said Mukesh Aghi, president of US India Business Council (USIBC).

The new rule also amends the law so that companies will not need a license at all after becoming a Validated End User (VEU).

"Indian and US companies operating in India can seek VEU status for both civil and military manufacturing, and by doing so not need to obtain individual licenses. This makes it far more convenient to build a global supply chain and react quickly to changing market conditions," explained Benjamin Schwartz, USIBC's Director for Defence and Aerospace.

Over 810 licenses representing some USD 5 billion in trade in the last half decade have been granted for goods covered under this new rule.

Most of these licenses being focused on aerospace systems and ground vehicles. Additionally, under the new regulation, Indian companies will not be required by US law to seek approval for the re-export of platforms that contain less than 25 per cent US content.

Sell out your fancy watches now!Ad Elite Connect
"This is a very favourable policy for Indian companies. The rule will make business substantially easier for Indian companies in the defence sector, especially those partnering with American companies. This gives Indian companies and US companies operating in India the ability to be reactive in real time to meet their supply chain needs," Schwartz said.

http://m.economictimes.com/news/eco...aws-to-benefit-india/articleshow/57017564.cms

 

[Indx TechStyle]

Cochin Shipyard enters talks to buy ABG, Shapoorji backs out
A controlling stake in debt-ridden ABG Shipyard may be valued at Rs400-500 crore.

As on 30 September, lenders held a 50.46% stake in the company, according to ABG Shipyard’s latest shareholding data available on BSE. Photo: Mint

State-run Cochin Shipyard Ltd has started preliminary discussions to buy a controlling stake in debt-ridden ABG Shipyard Ltd, two people close to the development said.

Shapoorji Pallonji and Co. Ltd, another contender, has decided to back out of the discussions, according to one of the two people. Both persons declined to be identified.

As on 30 September, lenders held a 50.46% stake in the company, according to ABG Shipyard’s latest shareholding data available on BSE.

A controlling stake in ABG may be valued at Rs400-500 crore, the second of the two people said. In the March quarter of 2016, the company had posted a loss of Rs1,710 crore and had an outstanding debt of Rs16,000 crore.

ABG Shipyard’s debt piled up because of a fall in freight rates and an industry slump. Its corporate debt restructuring (CDR) is among the largest loan recasts in India, second only to the Rs13,500 crore debt reorganization of engineering and construction firm Gammon India in July 2013.

Emails sent to Dhananjay L. Datar, executive director at ABG Shipyard, and Madhu S. Nair, chairman and managing director at Cochin Shipyard, on Friday were unanswered at the time of going to press.

A Shapoorji Pallonji spokesperson had in January denied that the firm had made a proposal for ABG Shipyard.

Reliance Defence and Engineering Ltd, Shapoorji Pallonji Group and Liberty House Group of UK had shown interest in buying out ABG Shipyard, even as its lenders try to force the ship maker out of a debt recast mechanism and recover their dues, Mint reported last month.

Even as the process of finding a strategic partner continues, the majority of lenders have decided to declare the company as a “failed exit” from the CDR cell, a Mint report dated 17 January said, citing an official from ABG’s lenders. A failed exit means the restructuring did not work, and the lenders could look at recovery options such as winding up the company or selling it to an asset reconstruction company (ARC).

“Collective decision-making among banks on restructuring cases is a challenge. Banks are currently doing distress sales. Instead, banks should look at stabilizing business, changing management, etc. But that would require capital and banks are not willing to put good money after bad assets. Hence, the best option available now is to go through bankruptcy law,” said Abizer Diwanji, partner and national leader of financial services at consulting firm EY.

ABG Shipyard’s lenders have been in talks with several strategic investors for a while. In April 2016, Mint had reported that lenders who had invoked the strategic debt restructuring (SDR) in ABG Shipyard in December 2015 were in talks with a Vietnamese financial investor.

In a similar case, lenders to Bharati Shipyard Ltd were unable to find a buyer and sold the business to Edelweiss Asset Reconstruction Co. in June 2014; the firm was later renamed Bharati Defence and Infrastructure Ltd to improve its focus on defence ships.

Cochin Shipyard competes with private-sector shipyards in the country—ABG Shipyard, Bharati Defence, Reliance Defence Engineering and L&T Shipbuilding Ltd.

Cochin Shipyard plans to file documents for its initial public offering with the markets regulator to raise about Rs600 crore as part of its effort to expand and construct larger vessels and also undertake ship repair and fabrication. In addition, the government will sell 10% of its stake through the IPO, Mint reported last year.

Cochin Shipyard has hired a consortium of investment banks, including SBI Capital Markets, JM Financial Institutional Securities Ltd and Edelweiss Financial Services Ltd, a September 2016 Mint report said.

Cochin Shipyard’s expansion plan involves building a new dry dock—the state-owned company’s third one—to build very large ships like capesize bulk carriers, general cargo ships, aframax and suezmax tankers, panamax and post-panamax container ships, LNG (liquefied natural gas) carriers, oil drilling rigs, semi-submersible rigs and better versions of aircraft carriers.

 

[Indx TechStyle]

VEM TECH GETS HUGE SUCCESS IN MAKING BRAHMOS UNDER ‘MAKE IN INDIA’ CAMPAIGN

BrahMos is an Indo-Russian aerospace joint venture manufacturing missiles. It was started in mid-80s under the leadership of our late President Dr JP Abdul Kalam. BrahMos is one of the major systems of war weaponry that plays a big role in warfare on land, sea or in air respectively. “We already have certain versions of BrahMos in use in our navy and air force, and we are also getting orders from the 4th regiment, which means, we need work more on developing designs and versions of it in future, in order to meet the huge demand,” says Dr SK Mishra, the distinguished scientist and MD of the BrahMos Aerospace Pvt Ltd..

In line with our Prime Minister Modi’s ‘Make In India’ policy, I’m happy to tell that the VEM Technologies Pvt Ltd here in Hyderabad, which is basically an Aerospace and Defence-related equipment manufacturing Company, has achieved tremendous success in developing this indigenously-made version of F3 fuel system and that too in a record time of just three years.

A commendable accomplishment which even the Russians would not have done given the situation and moreover in a new venture as this, and surprisingly in such a short period of time,” Dr Mishra said while speaking to the media here at the VEM Technologies. This morning, the VEM’s 2nd unit at Hyderabad has ceremonially handed over to Dr Mishra the F3 section of the BrahMos missile system developed by it. The function was attended by the executives from the DRDL, BAPL, DRDO etc..

Speaking over the function, it founder-CEO/MD, Venkata Raju said, “The F3, as its name implies, is a very complex and critical system of Pneumo Hydraulic engineering, consisting of some 3500 components in it, all indigenously designed and manufactured at the VEM by its team of technicians and engineers. The F3 forms a major section in making of the sophisticated BrahMos Missile System in India.”

 

[Indx TechStyle]

India creates fund to kick-start R&D by small companies
2017 (Photo Credit: Indranil Mukherjee/AFP via Getty Images)

NEW DELHI — India’s Ministry of Defence has created a new scheme to fund research and development by micro, small and medium-sized defense enterprises (MSME) with the aim of benefiting the domestic defense industry.

The Technology Development Fund, or TDF, will provide the defense companies with up to $1.5 million per project.

"The stated objective of the TDF is to fund the development of defense and dual-use technologies that are currently not available with the Indian defense industry, or have not been developed so far. This is intended to create an ecosystem for enhancing cutting-edge technology capability for defense application," said Amit Cowshish, the MoD's former additional financial adviser.

While the proposal to raise a dedicated fund to support R&D for MSME was first mooted in 2011, "it took the initiative of the ruling National Democratic Alliance government to put into place such a fund," a senior MoD official claimed.

Nitin Mehta, a defense analyst here, said $1.5 million "appears too low" and will cover very few companies.

The senior MoD official agreed that since the maximum funding allowed for a single project is only $1.5 million, TDF is limited to only funding eight to 10 projects.

Though Cowshish differed: "This is not a small amount to meet the cost of development of technologies. ... I think it is good to be pragmatic and cautious while treading into unknown territory."

India has about 6,000 MSME associated with the defense sector. They supply up to 25 percent of local components and subsystems. The companies contribute to meet the offset business in the aerospace and defense sector.

"Some of the MSME defense companies have done quite well. But for those that have not done very well, the main problem remains access to capital at reasonable costs," according to one CEO of an MSME, who spoke on condition of anonymity.

Mehta, the local defense analyst, said that because the fund is operated by state-owned Defence Research and Development Organization, "utilization of the fund" could be an issue.

"Selection of MSMEs from amongst thousands of small companies could be challenging and at risk of being controversial," he said.

The senior MoD official, however, insisted there is solid assessment criteria. "It shall be ensured that the evaluation criteria relate only to the research, design and development capabilities in India, including past experience, other relevant parameters and performance of the recipients."

India continues to import up to 70 percent of its weapons and equipment requirements from overseas; the government aims to reduce this to at least 50 percent in the next 10 years.

However, given the slow pace of indigenization and delays in defense procurement combined with a lack of recent big-ticket orders in the private sector, it is unlikely that India will be able to achieve the aim of reducing dependence on imports, analysts say.

 

[Indx TechStyle]

R Infra arm's venture with Dassault Aviation gets CCI nod

Reliance Infrastructure today said its defence unit Reliance Aerostructure Ltd’s proposed joint venture with Dassault Aviation has received clearance from the Competition Commission of India (CCI).

“Reliance Infrastructure Ltd—promoted Reliance Aerostructure Ltd’s proposed JV with Dassault Aviation has received the CCI clearance,” Reliance Infrastructure (RInfra) said in a statement.

The JV company is proposed to be named as ‘Dassault Reliance Aerospace Ltd’ (DRAL).

Reliance Aerostructure Ltd (RAL) will have 51 per cent shareholding in the JV while Dassault Aviation (DA) will hold 49 per cent.

In October last year, Reliance Group had entered into a strategic partnership with Dassault Aviation of France (Rafale) to execute the largest Defence Offset contract worth up to Rs 30,000 crore.

This was subsequent to Dassault Aviation getting a contract for the supply of 36 Rafale fighter aircrafts from the Government of India for Rs 60,000 crore with 50 per cent offset clause.

The execution of offset clause will bring in the largest FDI in defence sector till date, expected to be more than 10 times the total FDI in entire defence sector in India in last 10 years.

 

[Indx TechStyle]

TATA Power Acquires NELCO's Defence Biz Division

TATA Power Company has acquired the Unattended Ground Sensors (UGS), the defense business division of NELCO. UGS is a part of automation & Control segment. Earlier in January 2015, the company had entered into a binding understanding with group firm NELCO for acquisition of the same.

The UGS business involves supply, installation and servicing of sensors for the Ministry of Defense. After purchase, the UGS business would be housed in TATA Power strategic engineering division, which is also a supplier of defense equipment and solutions.

Syndicated Feed

 

[Indx TechStyle]

Here is the link Defence Procurement Procdure 2016.
@ezsasa @Adioz @Chinmoy @stjf
http://www.spsmai.com/download/DPP-2016.pdf
Thanks @charlie.

 

[ezsasa]

Super !!!! Deals up to 3000 crores need not go for PM's approval.

Naysayers still have doubts about this Govt's intent?

==========
PM Modi increases 'financial power' for Parrikar allowing him to purchase new weapon system


In a major step towards speeding up defence deals and urgently meeting critical requirements of the armed forces, PM Narendra Modi has enhanced defence minister Manohar Parrikar's financial muscle by four times, allowing him to buy weapon systems and platforms worth Rs 2,000 crore at his own discretion.

This is a huge jump from the existing fund of Rs 500 crore that was given to the defence minister under the UPA government.

'At a recent meeting of the Cabinet Committee on Security, the Prime Minister cleared the proposal to increase the financial power of the defence minister from the existing Rs 500 crore to Rs 2,000 crore,' senior government sources told Mail Today here.

The decision is made to fast-track the speed of weapon acquisition +3
The decision is made to fast-track the speed of weapon acquisition
The decision by the Prime Minister is going to significantly fast-track the speed of weapon acquisition as many defence deals can be completed at the level of the defence ministry and there would no need to take them to the Cabinet Committee on Security, the sources said.

Till now, all the defence deals worth over Rs 1,000 crore had to be cleared at the level of the CCS which is headed by the Prime Minister and includes the unions ministers for defence, home, finance and external affairs.

The Prime minister also cleared many other proposals related to the financial decision made by his ministers as he has given the defence minister and the finance minister the power to jointly clear defence acquisitions worth up to Rs 3,000 crores.

This would mean that at least 60-70 per cent of the deals related to the defence sector would be cleared at the ministerial level, the sources said.

PM Modi has given Manohar Parrikar more discretion over defence acquisitions +3
PM Modi has given Manohar Parrikar more discretion over defence acquisitions

So far, the two ministers could jointly clear deals worth Rs 1,000 crore but this has now been enhanced by three times, they said.

With the new arrangements in place, the Cabinet Committee on Security will only take up acquisition cases which are worth over Rs 3,000 crore, the sources said.

The new financial rules will help the defence ministry give contracts for several weapon systems, especially for tank ammunition and small arms requirements, such as rifles and small range missiles, and also help cut down the time taken for getting clearance from the Cabinet Committee on Security.

'This is going to save at least a few months in the long-lasting defence acquisition process,' the sources said.

http://www.dailymail.co.uk/indiahom...creases-financial-power-defence-minister.html

 

[Kshatriya87]

Super !!!! Deals up to 3000 crores need not go for PM's approval.

Naysayers still have doubts about this Govt's intent?

==========
PM Modi increases 'financial power' for Parrikar allowing him to purchase new weapon system


In a major step towards speeding up defence deals and urgently meeting critical requirements of the armed forces, PM Narendra Modi has enhanced defence minister Manohar Parrikar's financial muscle by four times, allowing him to buy weapon systems and platforms worth Rs 2,000 crore at his own discretion.

This is a huge jump from the existing fund of Rs 500 crore that was given to the defence minister under the UPA government.

'At a recent meeting of the Cabinet Committee on Security, the Prime Minister cleared the proposal to increase the financial power of the defence minister from the existing Rs 500 crore to Rs 2,000 crore,' senior government sources told Mail Today here.

The decision is made to fast-track the speed of weapon acquisition +3
The decision is made to fast-track the speed of weapon acquisition
The decision by the Prime Minister is going to significantly fast-track the speed of weapon acquisition as many defence deals can be completed at the level of the defence ministry and there would no need to take them to the Cabinet Committee on Security, the sources said.

Till now, all the defence deals worth over Rs 1,000 crore had to be cleared at the level of the CCS which is headed by the Prime Minister and includes the unions ministers for defence, home, finance and external affairs.

The Prime minister also cleared many other proposals related to the financial decision made by his ministers as he has given the defence minister and the finance minister the power to jointly clear defence acquisitions worth up to Rs 3,000 crores.

This would mean that at least 60-70 per cent of the deals related to the defence sector would be cleared at the ministerial level, the sources said.

PM Modi has given Manohar Parrikar more discretion over defence acquisitions +3
PM Modi has given Manohar Parrikar more discretion over defence acquisitions

So far, the two ministers could jointly clear deals worth Rs 1,000 crore but this has now been enhanced by three times, they said.

With the new arrangements in place, the Cabinet Committee on Security will only take up acquisition cases which are worth over Rs 3,000 crore, the sources said.

The new financial rules will help the defence ministry give contracts for several weapon systems, especially for tank ammunition and small arms requirements, such as rifles and small range missiles, and also help cut down the time taken for getting clearance from the Cabinet Committee on Security.

'This is going to save at least a few months in the long-lasting defence acquisition process,' the sources said.

http://www.dailymail.co.uk/indiahom...creases-financial-power-defence-minister.html

This is good. The mediators need to go. Acquisitions needs to be fast in order to catch up on our backlogs.

 

[F-14B]

Super !!!! Deals up to 3000 crores need not go for PM's approval.

Naysayers still have doubts about this Govt's intent?

==========
PM Modi increases 'financial power' for Parrikar allowing him to purchase new weapon system


In a major step towards speeding up defence deals and urgently meeting critical requirements of the armed forces, PM Narendra Modi has enhanced defence minister Manohar Parrikar's financial muscle by four times, allowing him to buy weapon systems and platforms worth Rs 2,000 crore at his own discretion.

This is a huge jump from the existing fund of Rs 500 crore that was given to the defence minister under the UPA government.

'At a recent meeting of the Cabinet Committee on Security, the Prime Minister cleared the proposal to increase the financial power of the defence minister from the existing Rs 500 crore to Rs 2,000 crore,' senior government sources told Mail Today here.

The decision is made to fast-track the speed of weapon acquisition +3
The decision is made to fast-track the speed of weapon acquisition
The decision by the Prime Minister is going to significantly fast-track the speed of weapon acquisition as many defence deals can be completed at the level of the defence ministry and there would no need to take them to the Cabinet Committee on Security, the sources said.

Till now, all the defence deals worth over Rs 1,000 crore had to be cleared at the level of the CCS which is headed by the Prime Minister and includes the unions ministers for defence, home, finance and external affairs.

The Prime minister also cleared many other proposals related to the financial decision made by his ministers as he has given the defence minister and the finance minister the power to jointly clear defence acquisitions worth up to Rs 3,000 crores.

This would mean that at least 60-70 per cent of the deals related to the defence sector would be cleared at the ministerial level, the sources said.

PM Modi has given Manohar Parrikar more discretion over defence acquisitions +3
PM Modi has given Manohar Parrikar more discretion over defence acquisitions

So far, the two ministers could jointly clear deals worth Rs 1,000 crore but this has now been enhanced by three times, they said.

With the new arrangements in place, the Cabinet Committee on Security will only take up acquisition cases which are worth over Rs 3,000 crore, the sources said.

The new financial rules will help the defence ministry give contracts for several weapon systems, especially for tank ammunition and small arms requirements, such as rifles and small range missiles, and also help cut down the time taken for getting clearance from the Cabinet Committee on Security.

'This is going to save at least a few months in the long-lasting defence acquisition process,' the sources said.

http://www.dailymail.co.uk/indiahom...creases-financial-power-defence-minister.html

On a lighter note Saint Anthony will be like

 

[Kshatriya87]

On a lighter note Saint Anthony will be like

View attachment 13748

This guy is obsessed with aliens and Indian culture. Claims that Lord Krishna, Rama, Shiva etc. were aliens.

 

[F-14B]

This guy is obsessed with aliens and Indian culture. Claims that Lord Krishna, Rama, Shiva etc. were aliens.

Thats because he looks at himself in the vanity mirror every morning i mean look at him dose he not look like an alien

 

[Indx TechStyle]

DRDO looks at optimising defence products for which the advanced versions have been developed

DRDO Chairman S Christopher said besides bringing in economical advantage, it will also help India build its might in the region.

BENGALURU: Giving thrust on exports, Defence Research and Development Organisation today said it is looking at optimising defence products for which the advanced versions have been developed, by exporting them to other countries.

DRDO Chairman S Christopher said besides bringing in economical advantage, it will also help India build its might in the region.

"Apart from importing the foreign defence goods, if we can make a small change in terms of delivering or exporting some of our defence goods, that will be the happiest movement for the nation, and DRDO should strive to do that," Christopher said.

He said "thereby we will enhance the make in India policy, and the guidelines given by the Defence Minister and the Prime minister will be fully honoured."

Christopher was interacting with reporters at the curtain raiser of eleventh biennial Aero India International Seminar to be held from February 12 to 14 here, as a prelude to the eleventh edition of the Aero India Aerospace Exposition.

He said DRDO with an intention to optimise the product that is already there, is looking at opportunities to export previous versions of defence products, as it makes better or advanced versions for indigenous consumption.

"When we are going for a large platform, much more evolved, capable systems having longer endurance, higher ranges, and more number of absorbents; smaller platforms can be probably exported to other countries.We can even design and develop exclusively for somebody at lower costs," he said.

Citing 'Pinaka', a multiple rocket launcher, as an example, Christopher said "when you have Pinaka Mark-lll obviously the user will have interest on it rather than Mark-l or ll, so instead of abandoning l and ll we should produce it at a reasonable cost and export it to neighbouring countries and thereby we can get back the returns of the amount that has gone into their development."

"If there is an interest elsewhere, we will give the technology also, because today no country wants just the product, they also wants to have their own production within the country," he said.

Responding to a question on countries of export, Christopher said "with Vietnam a $21 million contract has been concluded for naval products; Myanmar we have already supplied sonars..there are many other countries but it is confidential on their request," he added.

 

[Indx TechStyle]

A shot in the arm for defence acquisition

Govt. moots new procurement body to simplify the purchase procedure

The government plans to set up a Defence Procurement Organisation (DPO) to integrate and streamline the long and arduous process of defence acquisitions.

A government appointed committee, headed by former Director of Indian Institute of Management (IIM) Lucknow, Dr. Pritam Singh, has submitted a report on the modalities of setting up the DPO to Defence Minister Manohar Parrikar on Thursday.

“The aim is not to create another bureaucracy. The DPO will be a vertical under the Defence Ministry and the philosophy is to integrate the processes,” defence sources said on Friday.

The Defence Procurement Process, which applies to all defence capital procurements, has been modified several times to bring in transparency and speed up acquisitions but it continues to be lengthy and complicated.

Observing that the main motive of the procurement process should be to create an engine of growth, sources said: “In the present system the focus on development is low key while production process is mostly with the Defence Public Sector Undertakings (DPSU). There is no match between the capabilities of the two.”

“The report has just been submitted and is being studied. The time frame is about 2-3 years for the structures to fall in place,” sources stated.

More power

In a related move to shorten the procurement cycle, the Cabinet Committee on Security (CCS), chaired by the Prime Minister earlier this week, has increased the financial powers of the Defence Minister.

In the past, the Defence Minister was entitled to clear deals up to ₹500 crore, which has now gone up to ₹2,000 crore Jointly, the Finance Minister, the Defence Minister can approve projects up to ₹3,000 crore, up from the earlier ₹1,000 crore. The Defence Secretary too has now been given financial powers upto ₹500 crore to clear deals. This ensures that a major chunk of the procurements are approved within the Ministries, sources said. About 70% of the deals by number are below ₹3,000 crore. So now only deals of ₹3,000 crore and above would go to the CCS for approval.

 

[Anikastha]

Do you think Russia will agree for brahmos going to Vietnam ? Uh?

Sent from my ASUS_Z00LD using Tapatalk

 

[Kshatriya87]

Do you think Russia will agree for brahmos going to Vietnam ? Uh?

Sent from my ASUS_Z00LD using Tapatalk

If its just sale, they will agree. If its ToT, I'm not sure.

 

[Indx TechStyle]

L&T, MBDA Missile Systems partner to develop missiles in India

BCCL

NEW DELHI: Engineering and construction major L&T today entered into a joint venture with European defence major MBDA Missile Systems for development of missiles in India.

L&T will own 51 per cent stake in the JV named L&T MBDA Missile Systems and the rest 49 with the European partner.

Initially, the JV will look to develop and supply fifth generation anti-tank guided missiles (ATGM5s), missiles for coastal batteries and high speed target drones.

Going forward it will focus on opportunities in missile and missile systems domain, and target prospects under different categories of defence procurement which has specific requirements for design developed and manufactured in India, the company said.

Commenting on the partnership, L&T Group executive chairman AM Naik said the two companies have been working together for the last six years, specially on the defence offset programs in India.

"We feel the time has come to strengthen the partnership. We will be manufacturing on our shop floor what we design and develop," he told reporters here.

Naik said L&T is betting big on defence sector considering the government's focus on Make In India and its decision to procure missile systems from abroad.

He said L&T is targeting an annual turnover of Rs 10,000 crore from its defence vertical by 2021.

"We think we are on our way to achieve that. Very soon we will also start our guns programme," Naik said.

MBDA CEO Antoine Bouvier said the company has been in India for many years supplying to the Indian defence forces and the JV is a natural progression.

"It is also a common commitment to respond to the call of India government's Make in India and indigenisation of defence products," he added.

The JV expects to roll out the first product in the next two years. Although it hasn't finalised on where the missile systems will be manufactured, the company has shortlisted two out of L&T's nine facilities.

If needed, it is open to considering a new facility. MBDA is jointly owned by AIRBUS Group (37.5%), BAE Systems (37.5%) and Leonardo (25%).