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Latest Indian Defence News
Indian DPSUs Increase Exports to the US, Europe and Asia
The Minister of State for Defence M.M.Pallam Raju has stated in the Parliament that since 2009-2010, the Defence Public Sector Undertakings (DPSUs) have exported products worth nearly $ 4.03 billion (Rs 1,815 crore) to over 50 countries including the US, UK, China, and Israel amongst others. The Minister has stated that the state-run Defence units are continually progressing in terms of exports. Minister of State (Defence) M.M.Pallam Raju has tabled a report in the Parliament which describes the value of material exported by nine the DPSUs to a total of 53 countries. The total export value generated by the DPSUs stood at Rs 1,81,487 lakh.
Guidelines for Defence Public-Private Sector JVs Approved
India has come out with a detailed guidelines on formation of joint ventures (JVs) between defence public and private firms enabling future tie-ups between the two for exploring business opportunities in the security sector and for boosting indigenous design, development and production capabilities, over four months after it had put on hold such an effort by Mumbai-based government-owned Mazagon Docks and Gujarat-based private sector Pipavav Defence and Offshore Engineering. The decision also comes even as there is a major debate in progress over demands from the private sector.
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