The Indian Defense Minister AK Antony confirmed to Parliament on Tuesday, the recommendation of the Central Bureau of Investigation (CBI) for the blacklisting of six arms firms by the Ministry of Defense, Singapore Technologies, Israel Military Industries, TS Kissan and Company Private Limited and RK Machine Tools Private Limited, Rheinmetall Air Defence of Germany and a Russian firm called Cooperation Defence.
Indian Interceptor Missile checks out
The single stage missile, fitted with a directional Warhead and other ‘advanced systems’ neutralized the target, said a statement issued by the Ministry of Defense.
Max. 49% FDI in defense: FICCI
The Indian industry association, FICCI has argued for limiting FDI in the Indian defense sector to, at most, 49 per cent, following CII, which had submitted similar views last May.
India to provide aircraft to Seychelles
On a specific request from the Seychelles, Defense Minister AK Antony has agreed to provide one new Dornier and two Chetak helicopters from the Hindustan Aeronautics Limited for maritime surveillance at the earliest.
