Latest Indian Defence News
India to Gift Dornier Plane to Seychelles
India will soon gift a Dornier maritime patrol plane to Seychelles, an Indian Ocean island nation that enjoys close ties with the South Asian giant, to make it capable of carrying out surveillance in its waters against pirates and maritime terror groups. The Do-228 plane, built by the Defence Public Sector Hindustan Aeronautics Limited (HAL), will be presented to Seychelles President James Michel on January 31 by Indian Defence Minister A.K. Antony. Last February, India and Seychelles had signed an agreement for two HAL-built Dorniers and India promised to deliver the planes before 2014. However, India is delivering the first plane a year ahead of schedule.
India, Russia to Sign Key Defence Deals worth $4 Billion
India and Russia are preparing to sign three key defence deals worth $4 billion when Russian President Vladimir Putin comes to New Delhi for a summit meeting with Indian Prime Minister Manmohan Singh on December 24. Among the deals planned for inking including the final contract for licenced production of 42 Su-30MKI planes by Indian government-owned Hindustan Aeronautics Limited, purchase of 71 Mi-17V5 medium lift helicopters and 970 AL-31 aero-engines for the Sukhoi combat aircraft. The likely deals were discussed and finalised at the Indian Cabinet Committee on Security headed by Manmohan Singh with participation from Defence Minister AK Antony.
Give Us Bigger Role in MMRCA, Dassault to Defence Ministry
Seeking a greater responsibility in the MMRCA contract, French firm Dassault Aviation has asked the Defence Ministry to define the role of Hindustan Aeronautics Limited in the project. If the contract is finalised, the first 18 aircraft would be supplied by Dassault directly to the Indian Air Force and the remaining 108 would be licence-produced at HAL facilities in Bangalore. The French Dassault has asked the Ministry to define the role of the premier Indian aerospace company in the final delivery of the 108 aircraft to be produced in India, industry sources said here.
India Clears HAL Disinvestment
India has decided to disinvest 10 per cent of the government equity in the state-owned defence undertaking, the Hindustan Aeronautics Limited (HAL), the nation's only firm that designs, develop and manufacturers aircraft and helicopters. "The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of 10 per cent equity in HAL out of its holding on 100 per cent through an Initial Public Offer (IPO) in the domestic market as per the Securities and Exchange Board of India (SEBI) rules and regulations," India's Finance Minister P. Chidambaram told reporters here at a media briefing following a meeting of the union cabinet. Five percent discount on the issue price will be allowed for retail investors as well as to eligible employees of HAL.
Reduce Dependence on Defence Imports: Antony
India's Defence Minister AK Antony has called for reducing over-dependence on defence imports and for bolstering indigenous research and development. At an awards presentation ceremony for Ordnance Factory Board (OFB) and Defence Public Sector Undertakings (DPSUs), Antony asked them to make sincere and sustained efforts to reduce the dependence on imports to the maximum extent possible. "While in the era of globalisation, it is not possible to completely do away with imports, particularly for a growing nation like ours. Still the extent of our continuous dependence on foreign sources is not desirable and the situation must change," he was quoted as saying at the event.
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