The two defense agreements signed by India and Japan on Saturday will enable the faster processing of a deal for the sale of US-2i amphibious aircraft to India.
India, Japan defense agreements to boost US-2i sale
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Tag: DIPP
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.
Ministerial group considering hike in defence FDI
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Defense Production Secretary Raj Kumar Singh said the Commerce Ministry proposal to increase the FDI limit from the existing 26 percent was under the consideration of the ministerial group.
Max. 49% FDI in defense: FICCI
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The Indian industry association, FICCI has argued for limiting FDI in the Indian defense sector to, at most, 49 per cent, following CII, which had submitted similar views last May.
