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.
Representatives from CII, ASSOCHAM and FICCI have recommended the Tata Group to lead the development of a replacement for the Indian Air Force (IAF) Avro HS 748 Medium Transport Aircraft.
Top US companies like Boeing, Lockheed Martin, GE-Hitachi and Westinghouse are among 24 businesses in the business mission to India led by US Commerce Secretary Gary Locke, who accompanied President Barack Obama to India in November last year.
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.
A report published by a group of Canadian researchers today, reports Indian government, Tibetan government and media institutions to have suffered a massive computer penetration attack over the last eight months.
Even as Indian industry argues for dedicated ‘Offsets Authority’ and an institutional mechanism to ensure a transparent and appropriate valuation for technology transfer to raise the capability of the domestic defence manufacturing industry, the Ministry of Defense has decided to strengthen the monitoring mechanism for the implementation of offsets.
