Reactions from industry pointed out that the general rule remained the same, with investment restricted to 26 percent, subject to approval by the Foreign Investment Promotion Board.
Industry sneers at Defense FDI announcement
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INS Trikand stealth frigate joins navy
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The Trikand is the 2nd-last foreign surface ship acquisition by the Indian Navy. The induction of the aircraft carrier INS Vikramaditya (nee Admiral Gorshkov) will be the last surface ship acquired by the Indian Navy from abroad.
Indian industry critical of DPP 2013 after rupee crash
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Noting the Indian rupee crash, FICCI’s Secretary General, Dr A. Didar Singh, wrote to Defense Minister AK Antony criticizing the failure of the DPP 2013 to create a ‘level playing field’ for Indian private industry.
1st IAF C-17 lands in India
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The aircraft took off from the company’s manufacturing plant at Long Beach, California on June 11 and made several stops, including one at Barcelona, before it arrived in India.
How the army lost secret op plans against China
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A blow by blow account of the loss of secret operational documents sent by IV Corps headquarters to 21 Mountain Division, the strange delay in the conduct of the ensuing inquiry, and the promotions and honors that followed.
Navy to get 1st Hawk AJTs in July
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These aircraft are part of a batch of 57 Hawks ordered jointly by the Indian Navy and Indian Air Force (IAF) for around 700 million pounds, the first 17 of which will go to the navy.
Israel Military Industries loses Indian blacklist challenge
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The Delhi High Court has dismissed the challenge filed by Israel Military Industries (IMI) to its blacklisting, saying there was no merit in its petition.
Riding the Atlas
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StratPost was invited to the annual Airbus Military Trade Media Briefing in Spain last week and, as it turned out, ended up getting a ride on the A400M. Read about the experience and check out all the pictures.
Images: Indian Navy Dhruv ALH flies for #IndNavAir60
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Check out these images of the Indian Navy’s Dhruv Advanced Light helicopters (ALH) preparing for the celebration of the 60th anniversary of the Fleet Air Arm at INS Hansa in Goa this week.
India, China hold Flag Meeting
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The Flag Meeting took place on a day when Indian Defense Minister Arackaparambil Kurien Antony had some tough words for the intruders at the Unified Commanders Conference of the Indian armed forces.
Defense procurement changes fail to impress
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Kavi kehna kya chahta hai? Giving the iteration a thumbs-down, defense industry executives questioned the rationale behind some of the amendments and also expressed pessimism, saying in some cased it would ‘make things worse’.
Changes announced in Defense Procurement Procedure
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These changes are skewed to favor and encourage defense industry in India, some of which appear to have been influenced by reactions to corruption scandals. Do have a look at the list of changes, copied and pasted, verbatim, from the defense ministry press release.
5 Indian troops killed in South Sudan
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The troops were part of the UN Mission in South Sudan. Five other Indian army personnel were also injured. The casualties belonged to the Indian Army’s 6 Mahar and 9 Mechanized Infantry regiments.
Rolls Royce hopes to power IAF A-330 MRTTs
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Rolls Royce is hoping the IAF will select it’s Trent 700 engine over the GE CF-6 engine for the Airbus A-330 MRTT aircraft and is relying on performance, costs and market leadership to make its case.
Graphic: Defense Budget 2013
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Here’s a look at the pattern of the defense budget in the past two years and the changes in priorities for expenditure in the year 2013-14.
