While earlier the period allowed to vendors for delivery began from the date of contract, it will now begin from the date of advance payment. The delivery schedule and invocation of any late delivery penalty clause will be governed by the date of advance payment.
India’s defence procurement continues to raise more questions than answers, points out Hemant Shivakumar, with the uncertainty over the order of Spike Anti Tank Guided Missiles (ATGMs) appearing to be the latest casualty to the ‘Make in India’ initiative.
The eventual order for six aircraft is expected to be worth USD 650 million and a follow-on exercise of an option on an earlier IAF order for 22 helicopters.
The Indian Navy proposal to acquire 12 ShinMaywa US-2i amphibious aircraft has finally moved to the Defense Acquisitions Council, before the Indian PM’s visit to Japan.
Japan has set up an agency to manage international defense trade, especially the Indian Navy order for ShinMaywa US-2i amphibious aircraft, after the loss of the Australian submarine order.
BAE Systems and the U.S. government will deliver 25 M777 Ultra Light Howitzers off the shelf, while a further 120 will be assembled in India with Indian partner Mahindra.
StratPost goes through the revisions in the Defense Procurement Procedure announced by the defense ministry and tells you exactly what’s changed from DPP 2013.
The two defense agreements signed by India and Japan on Saturday will enable the faster processing of a deal for the sale of US-2i amphibious aircraft to India.
The tender to manufacture the C-295 was the first aircraft procurement plan especially intended by the IAF and the defense ministry to be solely partnered in India by private industry.
Dassault can wait to have their way in the MMRCA negotiations knowing the aversion of the IAF and defense ministry to a re-tender, unless the defense ministry walks away from the table itself, first.
After confusion over who would decide the commercial aspects of the order, the case is set to move to the Defense Acquisitions Council (DAC), headed by the defense minister, for Acceptance of Necessity (AoN).
The 37 percent escalation by a margin of roughly INR 1,200 crore for the US government offer to India for 145 M-777 light weight howitzers comes into effect on Tuesday, along with the imminent closure of the assembly line for the artillery.
India has ordered a total of 123 aircraft, with the navy order for 17 aircraft being part of the contract for 57 aircraft concluded in 2010. 40 of the aircraft will be delivered to the IAF.