Category Archives: News

India, Korea signs MOU for Cooperation in Shipbuilding

India and Korea has recently signed an Inter-Governmental MOU for Defence Industry Co-Operation in Shipbuilding. Hindustan Shipyard Limited (HSL), Visakhapatnam from the Indian side is nominated for the collaboration. The co-operation with the recommended Korean Shipyard would enable HSL to upgrade and modernise its facilities and execute naval shipbuilding projects in a timely and cost…
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L&T Joint Ventures

L&T is likely to form a JV with Hanwha Techwin (Earlier Samsung Techwin) to supply 100 self-propelled gun K-9 Vajra-T’ 155-mm/52-calibre howitzers, under the  Make in India programme worth about Rs. 4,600-crore. Earlier, L&T forged a 51:49 joint venture with MBDA Missile Systems with an eye on Rs. 10,000 defence segment to design, develop, manufacture…
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Rolls-Royce opens defence service in India

The Rolls-Royce has opened a defence service delivery centre in India to improve capability and provide faster front-line support service. Currently over 750 engines in a range of aircraft is being used by the defence as well as commercial aircrafts, such as the C-130J, Hawk advanced jet, Embraer and Jaguar, among others. http://www.livemint.com/Companies/m5gMIr8JXE16Sfjqg9xLBP/RollsRoyce-opens-defence-service-delivery-centre-in-India.html
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Government to sale stake of DPSUs

The Government has planned to sale the stake of its holdings in the shipyard and factories that supply India’s military, to extent about worth $11 billion. Among the biggest stakes to be sold are in Hindustan Aeronautics Ltd. and Cochin Shipyard Ltd. http://www.livemint.com/Companies/Q7Yo3MUfeBgS3md4J5P30N/Cochin-Shipyard-leads-sale-of-stakes-in-Indian-arms-spree.html  
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