Reliance Defence, the defence manufacturing arm of the Anil Ambani group, said it will form a joint venture in India with global defence manufacturer Thales to carry out some contracts related to the Rafale jet deal. The Indian company will hold 51% of the equity while the foreign entity will hold the remaining. Reliance Defence […]
Premier Explosives, a Hyderabad based commercial explosives manufacturer, said it has won a Rs 27.7 crore order from Bharat Dynamics Limited for the supply of booster grains. The order will be delivered by end of June next year, said the company. Booster grains are used as solid fuel for missiles. Premier had delivered the 1,000th […]
Tata Power and Javelin Joint Venture have signed an agreement to explore the production of a anti-armour missile system to meet Indian requirements, the Indian company said. The system will include using the missile on ground combat vehicles or via infantry or helicopters, said the company. The agreement was signed via Tata Power’s Strategic Engineering […]
Bharat Electronics Ltd will set up a factory at Nimmaluru in Andhra Pradesh to make advanced night-vision products for the defence forces, the company said. Factory will enable BEL to expand its electro-optics business and carry out manufacturing and integration for the ongoing and upcoming projects, it added. Factory will be built in stages and the […]
While Tuesday’s DIPP Press Note on Defence FDI is a welcome move, there is no need for the government to impose needlessly stringent conditions on foreign companies who want to make their weapons on Indian soil, KPMG said. The Indian government does not allow foreign companies to make the weapons that they sell to India […]
