Russia and India join hands for BrahMos
Russia and India through their joint BrahMos project, aims to develop a new cruise missile capable of downing aircraft equipped with AWACS systems, which will be ready for launch by 2024. The new missile will be used for destroying major aerial targets, while the previous versions were only capable of destroying targets on the ground or at sea.
Atmanirbhar in Domestic Defence Manufacturing
For the promotion of ‘Make in India’ initiative in defence sector, the Ministry of Defence has prepared a ‘Negative list’ of 101 items for which there would be an embargo on the import beyond the timeline indicated against them, a new category of capital procurement ‘Buy IDDM’ has been introduced in Defence Procurement Procedure, the ‘Make’ Procedure of capital procurement has been simplified and an indigenization portal namely SRIJAN DEFENCE has been launched on 14.08.2020.
Entry of FDI in defence sector
In May, 2001, the Defence Industry sector, which was hitherto reserved for the public sector, was opened up to 100% for Indian private sector participation, with Foreign Direct Investment (FDI) up to 26%. Government has implemented major reforms to help FDI throughout the defence sector in the region, complementing and complementing domestic investment. Via FDI, domestic businesses benefit from improved access to external funding and state-of-the-art technology, as well as access to global management activities resulting in job creation and increased growth in the industry.
PM Modi on China dispute
“We hope parliament and all members will unitedly send the message that the nation stands with our soldiers,” PM Modi said. Prime Minister Narendra Modi, in his traditional comments. Since May, Chinese aggression at the LAC, the de-facto border between the two countries, and the government’s response, is expected to be raised by the opposition in the 18-day truncated monsoon session, the first to be held since the coronavirus outbreak gripped the world.
Taliban-Afghan peace talks
On Saturday, Union external affairs minister S Jaishankar joined the inaugural session of the intra-Afghan negotiations in Doha, Qatar, via videoconference and reiterated India’s support for an Afghan-led, Afghan-owned and Afghan-controlled peace process. The regional political parties in Jammu and Kashmir on Sunday criticised the Indian government for warming up to the Taliban-Afghan government talks in Doha while employing harsh measures in Kashmir.