Category Archives: News

Defence Ministry likely to comes out with new JV formation rules

The Defence Ministry is likely to come out with new JV formation rules to encourage global manufacturers to set up Joint Ventures (JVs) in India. Under the new set of rules, the JVs that can achieve a minimum of 30 percent indigenous content for their products will be exempt from offset obligations. And, in case,…
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DRDO, CSL to build technology demonstration vessel

Cochin Shipyard Limited (CSL) has been contracted by the DRDO to build a ‘technology demonstration vessel’ in the next three years. The vessel would have an array of sensors and radars to track flight of long-range missiles during test-firing. The contract is expected to be worth Rs 365 Crores and was signed between the yard…
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DRDO’s two-decade-old Nishant UAV programme shelved

Indian Army has dropped the DRDO’s two-decade-old Nishant UAV programme and has cancelled any further orders. The Nishant UAV programme, which has been in the works since 1995, was launched with the aim of providing the Army with indigenous systems for reconnaissance and intelligence gathering. Source: http://economictimes.indiatimes.com/news/defence/drdos-two-decade-old-nishant-uav-programme-crashes-indian-army-cancels-further-orders/articleshow/49809095.cms  
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India set to test fired LRSAM

India is all set to test its Long Range Surface to Air Missile (LRSAM). LRSAM is a joint development project between India's Defence Research and Development organisation (DRDO) and Israel's Israel Aerospace Industries (IAI) that will be fitted, integrated and put to test on board destroyer Kolkata for test firing. Once inducted, the LRSAM will…
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