Category Archives: News

ISRO’s new Partners

HAL and L&T will be the new partner of ISRO, to build space rockets. Both HAL and L&T likely to given a 20% stake in this JV while Godrej, Walchand Industries Ltd may get around 3% each, while 1.5% stake may be parked each with other three small avionics partners. The first launch is planned…
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Indo-US Defence Partnership

The US has affirmed on Indo-Us Strategic Partnership involving countering terrorism and to advance regional peace, security and stability. Additionally, in the last 15 years India has bought weaponry and equipment from US, worth $15 billion. http://economictimes.indiatimes.com/news/defence/us-reaffirms-indias-designation-as-major-defence-partner/articleshow/58238831.cms
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Navy Deals in Pipeline

Indian Navy likely to sign a deal with South Korean firm for building 12 minesweeping vessels worth Rs 35,000 crores, as decommissioning of six existing soviet ships is due. The other procurement in pipeline is for four 20,000 ton LPD at a cost of USD 2 billion. http://www.business-standard.com/article/pti-stories/navy-to-finalise-a-raft-of-big-ticket-deals-by-year-end-117041800764_1.html
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Indian Navy’s second Aircraft Carrier

Indian Navymost likely to approach government for second indigenous aircraft carrier. Currently it has only one aircraft carrier, INS Vikramaditya, with INS Viraat retired on March 6 this year.  India at any time requires three aircraft carriers, one each on the east and west coast and the third one as a replacement for any of…
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