Govt. gives nod to Indian Space Policy 2023; private sector can now build rockets, satellites

The Indian Government has approved the Indian Space Policy 2023, which aims to boost the country’s space department’s role and give a larger participation to research, academia, start-ups, and industry. The policy lays down the roles and responsibilities of organizations such as the Indian Space Research Organisation (ISRO), space sector PSU NewSpace India Limited (NSIL)…

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Capital procurement proposals worth Rs 2.71 Lakh Cr for Armed Forces in FY 2022-23: MoD

The Indian Government has accorded Acceptance of Necessity (AoN) to 163 capital procurement proposals worth Rs 2,46,989.38 Crores approximately, under various categories of capital procurement which promote domestic manufacturing as per DAP-2020. According to the Indian Ministry of Defence (MoD) data, the Defence Acquisition Council (DAC) in the last 12 months has accorded its Acceptance…

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