China fires missiles in South China Sea
China’s decision to conduct military exercises in the disputed land around the Paracel Islands in the South China Sea can have serious repercussions. The decision is likely to cause unrest and increase tension. Such activities are in contrast to the 2002 Declaration on the Conduct of Parties in the South China Sea to avoid activities that would complicate or escalate disputes and affect peace and stability. It calls into question China’s motives with ongoing negotiations for a Code of Conduct between China and ASEAN.
Air Defence Command to be set up in October
The Air Defence Command is planned to be set up alongside the Central Command Headquarters of the IAF, controlling important air bases including Agra, Gwalior and Bareilly. The aim of the command is to create a consolidated structure and combine the resources of the three services under one command and activate it in order to protect the air space of the country.
Rajnath Singh assertive about purchase of Rs 1.40 lakh crore military equipments
On the journey of self-reliant India, Rajnath Singh announces a purchase as high as of Rs 1.40 lakh crore of domestically produced military equipments. The negative list containing 101 items are now to be replaced by indigenous made products. Policy reforms in the defence sector further includes increasing the limit to 74 per cent for Foreign Direct Investment through automatic route in the defence sector and setting up of defence corridors in UP and Tamil Nadu in addition to Strategic Partnership (SP) Model to promote investments, liberalisation of Industrial License regime, and ‘Defence Investor Cell’ to address the problems of investors.
Indian defence sector has the capabilities and knowledge to make modern defence equipment: Baba Kalyani
Baba N Kalyani, Chairman and Managing Director at Bharat Forge shows tremendous belief in the Indian defence sector to live up to its goals and achieve the goal of $5 billion exports and $25 billion production a year by 2025. He cites the example of the U.S. defence industry becoming the world’s top manufacturer and encourages to fix realistic targets for production, and achieving them to activate the investment cycle and employment opportunities. As history proves best innovations come in the times of crisis.
India permits up to 74% FDI in defence manufacturing
PM Modi declares to permit up to 74 per cent Foreign Direct Investment in the defence manufacturing through automatic route. The Atmanirbhar Bharat scheme is not only an inward looking, but also looks up to being a global importer.