Carter is looking at the Indian defense ministry to make it easier for US companies to do business with it and wants resolution of issues related to offsets, limitation of liability and delays in decision-making.
The failure to consider the order by the DAC has wider implications as it is unlikely that any decision can be taken on this order by October 15, after which the value of the deal will see a 37 percent hike.
The Acceptance Of Necessity (AON) was cleared by the Defense Acquisitions Council (DAC) in February, 2012 and at the time, the order was estimated to be worth around USD 1 billion.
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’.
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.
Shruti Pushkarna puts together a graphic representation of the process of selection of the AgustaWestland AW101 helicopter by the Indian Air Force (IAF), on the basis of the White Paper issued by the defense ministry on Thursday.
Naval Materials Research Laboratory (NMRL) is developing an AIP Plug for the fifth and sixth Scorpene submarines, which would be installed on them only if the development is completed within the schedule of the construction of the two submarines.
A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.
The commercial bids of the two surviving contenders in the Indian Air Force (IAF) tender for 126 Medium Multi Role Combat Aircraft (MMRCA) are ready to be opened, according to the defense ministry.
To shore up its depleting submarine fleet, India will this year issue a $11 billion global tender for building six more next generation vessels, navy chief Admiral Nirmal Verma said here Wednesday.
The acquisition process for 126 Medium Multi Role Combat Aircraft by the Indian Air Force is facing delays due to uncertainties about offset policy and with vendors facing the prospect of having to redo their homework.
Six major western industry associations have written to the Indian Ministry of Defense asking for measures to ease their prospects for commerce in defense equipment, including elimination of the ceiling on Foreign Direct Investment as well as capping financial penalties.
The Indian Army has issued a Request For Information (RFI) for towed artillery guns, effectively canceling the previous process for procurement of these weapons systems, in which BAE Systems was fielding the FH77 B05 against Singapore Technologies (ST) Kinetics’ iFH 2000.
