India and Angola on Saturday signed MoUs in a range of areas to boost bilateral cooperation with the government also approving the Angolan request of Line of Credit of US$ 200 million for defence procurement.
As part of the Government's efforts to strengthen the country's indigenous defence capabilities, the Ministry of Defence has inked a capital acquisition contract with Bharat Electronics Limited (BEL), Ghaziabad, for the procurement of Low-level Transportable Radar (LLTR) (Ashwini) at a cost
S Secretary of Defence Lloyd Austin concluded his India visit on Monday, the US Department of Defence said. The importance of defense innovation remained one of many keynote points of discussions during Austin's visit here.
The rule of competitive bidding through open tender must be followed in the domain of defence procurement, said Defence Minister Rajnath Singh on Wednesday.
The UK delegation, which is led by Minister for Defence Procurement Alex Chalk, comprises representatives from Government, military, and the defence industry.
"We are certainly very comfortable with it (Make in India policy) and have a similar policy in our own country. When it comes to defence and security, countries must maintain their sovereignty, hence we understand the policy and the self-reliance thrust policy of India and believe that th
New Delhi [India], July 7 (ANI): The government of India has allowed three private sector lenders - HDFC Bank, ICICI Bank and Axis Bank - to provide financial services for overseas procurement by the Ministry of Defence.
New Delhi [India], April 30 (ANI): Procurement orders by the Ministry of Defence through the Government e-Market (GeM) portal reached an all-time high of Rs 15,047.98 crore in the financial year ended March 2022, according to official data released on Saturday.
New Delhi [India], April 9 (ANI): The Defence Ministry has decided that 25 per cent of the domestic capital procurement and acquisition budget amounting to Rs 21,149.47 crore, will be earmarked for domestic private industry in 2022-23.
New Delhi [India], February 1 (ANI) With an objective to reduce dependence on imports of defence equipment, India will earmark 68 per cent of its capital procurement budget of the defence sector for the domestic industry, Finance Minister Nirmala Sitharaman said on Tuesday.
Bengaluru (Karnataka) [India], February 2 (ANI): Defence procurement is an issue for the Indian government to decide and the United States recognises New Delhi's desire to produce more military equipment within the country, said Don Heflin, US Charge d'Affaires to India on Tuesday.