Category — Defense/ Security

India, Israel to Collaborate on Developing Missiles

India’s state-owned Bharat Electronics Limited signed a $630 million contract on May 19 with Israel Aerospace Industries to jointly produce long-range surface-to-air missile [LRSAM] systems for four ships of the Indian Navy and for the Israeli defense forces.

The joint development of the advanced air and missile defense system will involve state-enterprise Israel Aerospace Industries, its subsidiary Elta Systems, India’s Defense Research and Development Organization, Rafael Advanced Defense Systems, and various Indian companies including Bharat Electronics, Bharat Dynamics Limited, and private Indian company Larsen & Toubro reports DefenseNews.

LRSAM System from IAI

LRSAM System from IAI

Anandi Ramalingam, marketing director of Bharat Electronics said that under the contract, the company will produce a major portion of the multi-function active electronically scanned array naval radar system, or MF-STAR, and the rest of the weapon control systems.

Each unit of the LRSAM system will consist of one command and control system, an MF-STAR radar system and two launchers that can send eight 150-kilometer-range radio frequency surface-to-air missiles simultaneously.

 

May 25, 2017   No Comments

India Abolishes Foreign Investment Advisory Body

India’s Federal Government approved dismantling the 25-year old Foreign Investment Promotion Board,  in order to streamline  the flow of foreign capital into the country.
By abolishing the Foreign Investment Promotion Board India’s minister for finance, Arun Jaitley, removed a layer of decision-making for foreign direct investment approvals in 11 sectors that needed prior government approval. FDI proposals can now be cleared by the ministries and departments concerned in these sectors. In sectors where the government has security concerns, the proposals will additionally be vetted by the Home Ministry.
According to the strategic partnership policy, the four sub-sectors now open to the private sector will create a pool of six Indian firms that will be accorded special status. They will seek to make submarines for the Navy, a single-engine fighter for the air force, and helicopters and armored vehicles for the army. Once the pool is created, the companies will be given the opportunity to bid for defense production orders, expected to be worth over $20 billion. reports the Economic Times.

The Department of Industrial Policy and Promotion will notify the standard operating procedure for processing applications in the next 60 days.

 Return on Investment

May 24, 2017   No Comments

India to Buy $75 Million in Chemical Warfare Armor from U.S.

The Government of India requested the U.S. Defense Security Cooperation Agency for equipment to protect its soldiers against biological and chemical warfare.

The U.S. government has approved a $75 million foreign military sale of high-tech chemical protective clothing. The Joint Service Lightweight Integrated Suit Technology consists of 38,034 each: suits, pairs of trousers, pairs of gloves, pairs of boots and NBC bags; 854 aprons; 854 alternative aprons; 9,509 Quick Doff Hoods; and 114,102 M61 filters. The entire package also includes 38,034 M50 general purpose masks.

Image of a soldier

NDTV reports that in its notification to the Congress, the Defense Security Cooperation Agency said this proposed sale will contribute to the foreign policy and national security of the United States, by helping to improve the security of a friendly country which has been, and continues to be, an important force for political stability and economic progress in South Asia.

 

May 21, 2017   No Comments

India, Japan Strengthen Defense Cooperation

In a visit to Tokyo, to attend an annual meeting of the Asian Development Bank, India’s Arun Jaitley, who is both the Minister for Finance and Minister for Defense, told his Japanese counterpart, Tomomi Inada that India will pursue a strategic partnership with Japan for regional peace and stability.

Aircraft Carrier

The Washington Post says that a trilateral naval exercise among the U.S., India and Japan has been planned in  July as a way of strengthening cooperation in the Asia-Pacific. “This is all reflective of the level of cooperation our armed forces have with each other,” Jaitley said.

 

May 17, 2017   No Comments

‘Make in India’ Attracts Business from Italy

On a three-day business mission to New Delhi, India in April, a delegation led by Italy’s deputy minister for economic development, Ivan Scalfarotto, aimed to strengthen bilateral ties and make the most of the plentiful business opportunities that India has on offer.

The platform, promoted by the Italian Ministries of Economic Development and Foreign Affairs, in partnership with India’s trade bodies FICCI and CII, saw participation by various state representatives, along with 140 big enterprises and SMEs, across varied sectors, from both India and Italy. 80 companies, out of the total industry representation in the forum, in areas such as automotive, healthcare, defense, aviation and railways were from Italy exploring growth opportunities in India.

Ivan Scalfarotto at the India-Italy Business Forum

Ivan Scalfarotto at the Italia-India Meet

Speaking at the event, Scalfarotto said that more than 60 Italian automotive companies were working with 80 manufacturing facilities in India — most of them located in the Maharashtra belt — “and yet keeping an eye on the immense future potential,” reports Autocar Professional.

 

May 12, 2017   No Comments