Tag: Defense Procurement Procedure
Neighbors feverishly adding military muscle: Antony
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Indian Defense Minister Arackaparambil Kurian Antony said on Wednesday that India needed to be ‘vigilant and prepared’ and ‘quicken the pace of modernization’ of its armed forces, while pointing out, “Our neighbors are building their military capabilities at a feverish pace.”
Russians hold up IAF chopper contests
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The trials for an estimated USD 2 billion order for 22 attack and 15 heavy lift helicopters have been held up because the Russian contenders in the two shortlists have failed to arrive in India.
Navy’s P-8I design finalized for assembly
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Boeing has announced the completion on July 16 of the Final Design Review (FDR) for the P-8I, the Indian Navy’s long-range maritime reconnaissance and anti-submarine warfare aircraft. The P-8I, based on the Boeing 737 commercial airplane, is a variant of the P-8A Poseidon that Boeing is developing for the US Navy.
Max. 49% FDI in defense: FICCI
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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.
US navy chief in India on maiden visit
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Agenda check: The US Chief of Naval Operations (CNO) Admiral Gary Roughead is to arrive in New Delhi on Sunday.
New policy for defense buys in 2 months
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The policy is still being firmed up with advice being sought from stakeholders like industry bodies (CII, FICCI etc) and end users like the armed forces.
Expedited defense procurement held up by elections
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Indian defense procurement, which had hitherto been steaming ahead via the fast track procedure for procurement is facing the prospect of delays due to the two-month long general elections slated to commence this month.
Offset concerns leave vendors uneasy
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The offset requirements raised to 50 per cent with the onset of the Defense Procurement Procedure (DPP) last August, continue to make foreign defense vendors uncomfortable. Bell helicopters had dropped out of the race to supply 197 helicopters to the Indian armed forces because of exactly this reason.
‘Cut down red tape’: Antony
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The Defense Minister’s repeated statements on cutting down unnecessary delays in arms procurement seems to be a reflection of a new purpose towards arms procurement by India. Air Chief Marshal Fali Homi Major has echoed that sense of purpose, expecting the Indian Air Force to be able to spend all monies budgeted for procurement this year.
