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Indian govt notifies second list of 108 defence equipment for indigenisation

The second list lays special focus on weapons/systems which are currently under development/trials and are likely to translate into firm orders in the future. In August 2020, the ‘First Positive Indigenisation’ List comprising 101 items was notified by the Union Ministry of DefenceRead more

Nine major reforms to promote MSMEs in Defence

Government has aggressively strived to engage MSMEs and startups with indigenisation programmes with the Defence sector in the last 2 years. Read more

Bharat Forge and Paramount Group to manufacture armoured vehicles in India

Both the companies signed an agreement during the International Defence Expo (IDEX 2021), Abu Dhabi.Read more

Schmersal India decides to move towards railway and defence

While industries are battling to equalise their business to pre-Covid levels, companies are working out strategy to open more avenues to expand their business. In this Video Interaction with Pushkar Oak, Sagar Bhosale, MD, Schmersal India delves into safety gaining prominence in switchgears using new age technologies and Schmersal’s coping mechanism to sustain Covid impact.Read more

FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more

New DRDO Procurement Manual 2020 encourages participation of MSMEs, start-ups

The new DRDO Procurement Manual will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities.Read more

IPF Buyer-Seller Summit: Fulfilling Make in India goals

The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more

GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar

In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more

MoD inks Rs 2,580-cr contract with BEML, Tata Power and L&T for Pinaka missile systems

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML)Read more

SLR Metaliks invest Rs 60-70 crore to raise alloy steel manufacturing capacity

Despite COVID 19, the company - one of the leading suppliers of alloy steel to automotive and other industries - has increased the capacity from 0.3 million tonne to 0.4 million tonnes. While SLR Metaliks is pinning hopes on automotive industry’s revival, it is also holding talks with DRDO for suppling alloy steelRead more

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