DAC approves defence proposals worth ₹2,290 crore

Indian Army soldiers in Ladakh.New Delhi: The Defence Acquisition Council, which is headed by the defence minister, Rajnath Singh, approved proposals for capital acquisitions of various equipment required by the Indian armed forces at an approximate ...

Parliament: Foreign Direct Investment in defence sector

FDI inflows of over Rs 3454 crore have been reported so farNew Delhi: In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100 per cent for Indian private sector participation, with Foreign Di...

Rajnath reaffirms of achieving $26 billion Indian defence industry by 2025

New Delhi: Defence Minister Rajnath Singh on Friday called for an increased and active participation of the private sector in defence manufacturing to achieve the Government’s target of making the Indian defence industry worth $26 billion by 20...

DAC approves implementation guidelines for strategic partnership model

Defence minister Nirmala Sitharaman-headed defence acquisition council (DAC) on Monday approved implementation guidelines for the strategic partnership model, aiming to revitalize defence industrial ecosystem and progressively build indigenous ca...

DAC approves defence equipment procurement worth Rs 5500 Cr

The Defence Acquisition Council (DAC), headed by Defence Minister Nirmala Sitharaman, on Thursday accorded approval for the procurement of equipment for the defence forces valued at over Rs 5500 crore. Pursuing the goal of indigenisation and...