The Indian Government with an intent to build a strong ecosystem for nurturing innovation and encouraging investments launched the Startup India initiative on 16th January 2016. The Government unveiled an Action Plan for Startups comprising of schemes and incentives envisaged to create a vibrant startup ecosystem in the country. The Action Plan comprises of 19…
Prime Minister Shri Narendra Modi will pay an official visit to the United Arab Emirates (UAE) from 13 to 14 February 2024. This will be Prime Minister Modi’s seventh visit to the UAE since 2015 and the third in the last eight months. During the visit, Prime Minister will hold bilateral meetings with His Highness…
Defence Industry sector was opened up in May 2001 for private sector participation. Foreign Direct Investment (FDI) limit in defence sector was enhanced in 2020 up to 74% through the Automatic Route for companies seeking new defence industrial license, and up to 100% through the Government Route wherever it is likely to result in access…
Adm R Hari Kumar, Chief of the Naval Staff accompanied by Mrs Kala Hari Kumar, President (NWWA) visited Andaman and Nicobar Command (ANC) from 06 to 09 Feb 2024. They were received in Port Blair by Air Marshal Saju Balakrishnan, Commander-in-Chief, Andaman & Nicobar Command (CINCAN) and Mrs Latha Saju, President DWWA (A&N Region). The…
India and Rwanda held the first edition of Joint Defence Cooperation Committee (JDCC) meeting in Kigali, Rwanda on February 8, 2024 to discuss a wide range of opportunities to enhance defence cooperation between the two countries. Detailed discussions were held in areas like training cooperation, joint military exercises, defence industrial cooperation etc. The Indian delegation…
Air Chief Marshal VR Chaudhari PVSM AVSM VM ADC, Chief of the Air Staff visited Military Institute of Technology (MILIT), Girinagar, Pune on 09 Feb 24 and interacted with all participants of Defence Services Technical Staff Course (DSTSC-06). The Air Chief spoke on a very relevant topic “Transition of IAF into a Contemporary and Future…
As per Stockholm International Peace Research Institute, India’s military expenditure from the year 2019 to 2022 is as under: (In Current US$ Million) Year 2019 2020 2021 2022 71,468.90 72,937.10 76,348.50 81,363.20 The increase in defence spending is attributable to the requirement of funds projected by the Services and the availability of resources with…
India’s Union Minister of State for Defence Shri Ajay Bhatt, who headed the Indian delegation for the World Defence Show 2024 in Riyadh, concluded his visit to Saudi Arabia on February 08, 2024. The Union Minister of State for Defence, on the final day of his engagements, visited the General Authority for Defence Development (GADD),…
Rheinmetall MAN Military Vehicles UK (RMMV UK) have been awarded a £282 Million contract under Rapid Procurement, to deliver 500 HX 8×8 Palletised Load System (PLS) trucks to the UK Ministry of Defence (MoD). The contract was placed under rapid acquisition within seven months from initial discussions. Notably, RMMV UK will deliver this key capability…
The State Department of United States(US) has made a determination approving a possible Foreign Military Sale to the Government of Poland of Airspace and Surface Radar Reconnaissance aerostat systems and related elements of logistics and program support. The estimated total program cost is $1.2 billion. The Government of Poland has requested to buy Airspace and…
