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Latest Indian Defence News
Speed up SAM projects, India to Israel
After the failure of a critical trial of the Medium Range Surface to Air Missile (MR-SAM) in Israel, India has asked Tel Aviv to speed up the development of two advanced surface-to-air missile (SAM) systems. During the 10th joint working group on defence cooperation, co-chaired by defence secretary Shashikant Sharma and Israeli defence ministry director-general Major-General Ehud Shani, the two sides also discussed the regional and global security situation, including the recent Israel-Hamas ceasefire. Tel Aviv records military sales worth around USD one billion to India every year, ranging from Heron and Searcher UAVs, Harpy and Harop 'killer' drones to Barak anti-missile defence systems and Green Pine radars.
India Approves $1.6 Billion Orders for Invar, BrahMos Air Version Missiles
Ahead of Russian President Vladimir Putin's visit slated for early next month, India's top security panel has approved the purchase of Invar missile for its army's Russian-origin T-90 tanks from Russia and air version of the BrahMos missiles for its air force, both worth over Rs.8000 crore ($1.6 billion). The Cabinet Committee on Security (CCS), the highest security related decision making body headed by Prime Minister Manmohan Singh, gave its nod to the proposals to buy 10,000 Invar missile and 200 BrahMos air-launched missiles at its meeting, sources said.
Unlimited Penalty on Foreign Vendors Failing to Meet Offset Obligations
The Defence Ministry has decided to impose unlimited penalty will be imposed on vendors failing to fulfill offsets obligation within the prescribed time frame as part of the Defence Procurement Procedure. The decision on 'Revised Offset Guidelines' was taken last month during the meeting of Defence Acquisition Council (DAC) and it shall be applicable from August, Defence Ministry said in a release today. "The overall cap on penalty will be 20 per cent of the total offset obligations during the period of the main procurement contract," it said. "There will be no cap on penalty for failure to implement offset obligations during the period beyond the main procurement contract, which can extend to a maximum period of two years."
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