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PM Narendra Modi asks IITs to develop defence, health products

Last Updated: Friday, August 22, 2014, 16:17

Noting that India is dependent on imports in several sectors including defence and health, Prime Minister Narendra Modi on Thursday asked the IITs to take up the challenge of developing products in these critical fields.

Navy chief stresses on self-reliance, indigenisation

Last Updated: Friday, June 27, 2014, 00:05

With Prime Minister Narendra Modi stressing on developing indigenous defence sector, Navy Chief Admiral Robin Dhowan on Thursday said the maritime force`s future growth would be based on "indigenisation and self reliance".

Defence modernisation: The long road ahead

Last Updated: Tuesday, June 24, 2014, 15:01

A step in the right direction will provide the much needed impetus to the defence modernisation program.

Pakistan, Saudi discuss cooperation in defence sector

Last Updated: Monday, February 17, 2014, 00:29

Pakistan and Saudi Arabia on Sunday agreed on exchange of visits by military personnel for training and joint ventures in defence production.

India to see more US investment at 49% FDI: Boeing

Last Updated: Friday, February 14, 2014, 16:55

India will see more investments from American companies once it decides to raise the FDI level in the defence sector from 26 to 49 percent, a top Boeing executive has said.

Top IAF officer seeks rethink over FDI policy in defence

Last Updated: Wednesday, November 06, 2013, 14:08

A top IAF officer on Wednesday sought a rethink over government`s policy to have 26 per cent FDI in military sector, saying it was not attractive for foreign vendors.

Defence imports worth over Rs 2.35 lakh crore in last 3 years

Last Updated: Monday, August 12, 2013, 15:22

The government has spent over Rs 2.35 lakh crore in the last three years for procuring weapon systems for the three armed forces.

FDI cap in defence retained at 26%

Last Updated: Thursday, August 01, 2013, 22:13

FDI cap in defence sector will remain at 26 percent and proposals beyond that will be considered by the Cabinet Committee on Security (CCS) on case to case basis.

FICCI, CII welcome changes in FDI norms

Last Updated: Wednesday, July 17, 2013, 09:12

The government has cleared 100 percent FDI in telecom, raised FDI in insurance to 49 percent, in asset reconstruction from 74 percent to 100 percent and in credit information companies from 49 percent to 74 percent.

Antony prevails, FDI cap in defence remains 26%

Last Updated: Tuesday, July 16, 2013, 21:52

FDI cap in defence sector will remain at 26 percent and proposals beyond that will be considered by the Cabinet Committee on Security on case to case basis.

Antony opposes proposed hike in Defence FDI to 49%

Last Updated: Wednesday, July 03, 2013, 18:27

Defence Minister AK Antony has shot down Commerce Ministry`s proposal to raise FDI in defence from 26 per cent to 49 per cent.

Depreciating rupee taking toll on pvt defence industry: FICCI

Last Updated: Thursday, June 20, 2013, 23:12

The private Indian defence sector has taken "unprecedented toll" due to the depreciating value of rupee in the recent past and will have tough times ahead with the free fall of the currency, an industry body said Thursday.