Category Archives: News

India signed 10-year defence pact with US

India and the US has signed a new strategically 10-year defence framework pact for joint development and manufacture of defence equipment and technology. Including jet engines, aircraft carrier design and construction. Two sides have finalised two project agreements for joint development of Mobile Electric Hybrid Power Sources and the Next Generation Protective Ensembles, besides  pursue…
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Govt. withdraws duty exemptions in defence production for DPSUs and OFBs

To put the Indian Private Sector and Defence Public sector units (DPSUs) at par, the Government of India has issued a notification to withdraw the excise and customs duty exemptions enjoyed by the Ordnance Factory Board (OFB) and Defence Public Sector Units (DPSUs) in defence sector. The initiative will attract the foreign OEMs to tie…
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