The delayed approval for the acquisition of the M-777 ULH means that India will have to bear a much higher price because of the weaker rupee.
The Indian defense ministry could now be blacklisting companies because of their association with other companies that have been debarred from doing business due to allegations of malpractice.
A rough guide to India’s biennial land and maritime defense exhibition, DefExpo 2014. You’re welcome.
“There are close to 140 Private Security Companies operating in the North Indian Ocean, which hire out Privately Contracted Armed Security Personnel or PCASP,” said navy chief, Admiral DK Joshi, adding, “It has obvious security implications for us, including infiltration of terrorists.”
The Indian defense ministry has till October to take the US government offer for the purchase of 145 light weight howitzers at the price of USD 694 million, after which the increased price of USD 885 million will come into play.
Air Chief Marshal Norman Anil Kumar Browne told reporters that the aircraft would be able to operate from the country’s northern-most Advanced Landing Ground at Daulat Beg Oldie close to the Line of Actual Control (LAC) with China.
After Defense Minister AK Antony diverged from the Indian Army’s statement on the killings on Tuesday, the Ministry of External Affairs also now seems to have mixed up priorities between domestic politics and international pressure.
Reactions from industry pointed out that the general rule remained the same, with investment restricted to 26 percent, subject to approval by the Foreign Investment Promotion Board.