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Latest Indian Defence News
CCEA to Discuss 10 Per Cent HAL Disinvestment
The Cabinet Committee on Economic Affairs will today consider a proposal for disinvestment of 10 per cent of government equity in the country's only state-owned aerospace firm Hindustan Aeronautics Limited. The government expects to raise at least Rs 2500 crore by divesting 10 per cent from the company having 100 per cent share-holding in it, sources said. The disinvestment proposal has been mooted before the Cabinet Committee on Economic Affairs amid government's plans to modernise the company for which Rs 20,000 crore would be required over next five years.
IAF to Spend $40 billion On Procurements in Next 10 Years
The Indian Air Force (IAF) is all set to spend over $40 billion (Rs.2 lakh crore) in the next 10 years between 2012 and 2022 on procurement, Deputy Chief of Air Staff Air Marshal RK Sharma has said. "We are on path of modernising our (IAF) assets. In the last five-year plan, IAF procurement was worth around Rs.1.5 lakh crore (about $35 billion) and over next two plan (2012-17 and 2017-22) periods (12th and 13th five-year plans), we envisage to procure assets worth over Rs.2 lakh crore ($40 billion)," Sharma said inaugurating the seventh international conference on 'Energizing Indian Aerospace Industry: Emerging Opportunities and Enduring Partnerships.' The event is co-organised by Confederation of Indian Industry (CII) and Centre for Air Power Studies (CAPS).
FGFA to Reach India in 2014
India and Russia are planning to sign their biggest ever Defence deal expected to be worth over USD 30 Billion for the fifth generation fighter aircraft (FGFA), whose first prototype would be brought to India in 2014. The initial version of a fighter plane, being jointly developed by India and Russia and tipped to be one of the most-advanced in the world, will be unveiled in India in 2014. The Fifth Generation Fighter Aircraft (FGFA) with stealth features is slated to be inducted in the Indian Air Force by 2022. The two sides are close to signing a key contract expected to be worth over USD 11 billion for research and development phase of the project in the near future. The first prototype of the FGFA is scheduled to arrive in India by 2014 after which it will undergo extensive trials at the Ojhar air base (Mharashtra)...we are hopeful that the aircraft would be ready for induction by 2022," IAF Chief Air Chief Marshal N A K Browne said here.
HAL Delivers ‘IFF-1410’ System to Navy for P-81 Aircraft, Implements New Procedures for Transparency with Vendors
India’s premier aeronautic laboratory, the state-run Hindustan Aeronauts Limited (HAL) has delivered the first homegrown production unit of Identification of Friend or Foe (IFF-1410) transponder for the Indian Navy’s Boeing P-8I reconnaissance aircraft. The IFF-1410 transponder which is designed, developed and produced by HAL has been handed over to the Indian Navy and will be integrated into the P-81 Poseidon aircraft.
India Asks Russia for Timely Delivery of Gorshkov and More Orders of Brahmos Missile
India and Russia have recently concluded high-level talks on bilateral trade and key defence projects to which both nations are seriously committed. The Russian Deputy PM Dmitry Rogozin along with his delegation was in India and held talks regarding the BrahMos missile as well as the delivery of the refurbished INS Vikramaditya aircraft carrier. The two sides have also discussed the ongoing cooperation in supply of defence hardware and issues related to it.
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