The 4th edition of the Indo-Indonesia bilateral Exercise Samudra Shakti-23 concluded on 19 May 23. The sea phase held from 17-19 May 2023 witnessed the participation of ASW corvette INS Kavaratti with integral Chetak helicopter and a Dornier Maritime Patrol Aircraft. The Indonesian Navy assets included KRI Sultan Iskandar Muda with integral helicopter Panther and…
The Ministry of Defence (MoD) has approved 4th Positive Indigenisation List (PIL) of 928 strategically-important Line Replacement Units (LRUs)/Sub-systems/Spares & Components, including high-end materials & spares, with import substitution value worth Rs 715 crore. Details of these items are available on SRIJAN Portal (https://srijandefence.gov.in/). These will only be procured from the Indian Industry after the timelines…
The sixth scorpene submarine of Project 75, Yard 11880 (Vaghsheer), Indian Navy’s Kalvari class has commenced the sea trials on 18 May 23. It will now undergo intense trials of all its systems at sea, these include propulsion systems, weapons and sensors. The submarine was launched in 20 Apr 22 from the Kanhoji Angre Wet…
The value of defence production in Financial Year (FY) 2022-23 has crossed the figure of Rs one lakh crore for the first time ever. The value currently stands Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defence industries. The current value of defence production in…
Defence Secretary Shri Giridhar Aramane and US Under Secretary of Defence for Policy Dr Colin Kahl co-chaired the 17th meeting of India-US Defence Policy Group (DPG) in Washington DC on May 17, 2023. The two sides reviewed the progress made in furthering defence industrial cooperation and operationalising the India-US Major Defence Partnership. Further, important aspects…
The Department of Defence Production (DDP), Ministry of Defence has notified that 164 Positive Indigenisation List (PIL) items, with an import substitution value of Rs 814 Crores, that were to be indigenised by December 2022, have met the target within the timelines. The indigenisation of these items has been achieved by Defence Public Sector Undertakings…
National Logistics Management Seminar, LOGISEM 23, on the theme ‘Leverage Emerging Global Supply Chain to Enhance Logistics Capabilities While Absorbing Disruptions’, was held on 16 May 2023 at AF Auditorium, New Delhi. The discussions ranged from future prospects of domestic aviation industry, modern trends in supply chain management & warehousing, and public procurement initiatives through…
Company Overview of Larsen & Toubro Type: Public Year of Establishment: 07 February 1938 Industries: Conglomerate Company Size: 44,761 Employees Headquarters: Mumbai, Maharashtra Management Info: Chairman: Anil Manibhai Naik MD & CEO: S. N. Subrahmanyan Group Turnover (2019): Rs 141,007 Crores About the Company Larsen & Toubro Limited is a multi-billion-dollar Indian multinational engaged in…
Company Overview of Bharat Electronics Limited Type: Public Sector Undertaking Year of Establishment: 1954 Industries: Electronics Components Company Size: 9850 Employees Headquarters: Bangalore, Karnataka Management Info: Chairman and MD: M V Gowtama Turnover (As on 1st August 2023): Rs Rs 3446.69 Crore About Bharat Electronics Limited Bharat Electronics Limited is a Navratna PSU (under the…
Quantity: 111 Estimated Cost: Rs 21,738 Crores ($3.5 Billion) RFI Issued: February 2019 Current Status: RFP Awaited Primary Users: Indian Navy Brief: The procurement of 111 light Naval Utility Helicopters (NUH) for the Indian Navy is to be the first project under the Strategic Partnership (SP) model. The program for procuring 111 NUHs worth Rs…
