Category — Defense/ Security

Mattis Describes India as a Force for Stability

Defense Secretary James Mattis, who met India’s Prime Minister Narendra Modi, Defense Minister Nirmala Sitharaman and National Security Adviser Ajit Doval during his visit to India end September said, “They [India] are a force for stability in South Asia. They’re a force for stability in the Indo-Pacific region. They’re a nation coming into their own, economically, as a great nation, as they have steady growth rates going on right now.”

He noted that India and the U.S. now have a strategic convergence of two natural partners as the two largest democracies in the world. “There’s an opportunity here that we have not experienced in decades to tie us together in terms of broadened level of cooperation and a natural alignment with each other’s interests,” he said.

US and India Flags

“There are a number of things in motion right now, and decisions will be coming very soon,” Mattis told members of House Armed Services during a Congressional hearing on Afghanistan, reports NDTV.

October 11, 2017   No Comments

India’s Hindustan Aeronautics To Go Public

Hindustan Aeronautics Limited, state-owned aerospace and defense company based in Bangalore, initiated the process of an initial public offering to divest 10% of its shares.

The IPO is for 361,500,000 equity shares with a face value of $0.15  each.  “A discount of up to 5% on the offer price may be offered to retail individual bidders and to eligible employees,” Hindustan Aeronautics said.

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Company chairman and managing director T. Suvarna Raju termed the partial disinvestment as a major milestone for the company, reports the Times of India.

October 8, 2017   No Comments

Cyient Acquires a U.S. Firm, Signs Licensing Agreement with Another

IT major Cyient, headquartered in Hyderabad, India, entered into a definitive agreement to acquire 100 percent equity in the New Britain, CT-based B&F Design Inc., for an undisclosed sum. This acquisition will strengthen Cyient’s aerospace and defense service offerings, by adding Design, Build and Maintain capabilities centered around Tooling and Precision Engineering.

Cyient holds a strong cash position of $155 million and will continue to look for acquisitions that will enable the company to realize its goal of industry-leading growth, reports the Economic Times.
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Cision reports that Cyient signed an exclusive software licensing agreement with Elpis Squared a startup software company based in Portland, OR.  The partnership will combine Cyient’s data governance management solution—Intelligent Data Management Solution —with Elpis’ innovative RE|Grid platform to enhance the role of data in supporting electric utilities’ Advanced Distribution Management Systems and Asset Management programs. The joint solution launches at a critical time when utilities are deploying Advanced Metering Infrastructure enabling large-scale data validation using machine-learning and analytics.

October 4, 2017   No Comments

Dunford: Strategic security relationship with India is “critical”

General Joseph F. Dunford, Jr., Chairman of the Joint Chiefs of Staff, said during his re-confirmation hearing, “A long term strategic security relationship with India is critical to ensuring freedom of navigation in the Indian Ocean.”

General Joseph F. Dunford, Jr

General Joseph F. Dunford, Jr.

“We should also continue to strengthen our defense relationship by pursuing opportunities to co-develop and co-produce defense technology under the U.S.-India Defense Technology and Trade Initiative,” he added, reports NDTV.

 

September 27, 2017   No Comments

Mattis: U.S. to share advanced defense technologies with India

The first high-ranking official of the Trump administration to visit India since January, U.S. defense secretary James Mattis said on a two-day visit to New Delhi, “We look forward to sharing some of our most advanced defense technologies through the bilateral Defense Technology and Trade Initiative.”

Live Mint reports that Mattis and India’s defense minister Nirmala Sitharaman, discussed broadening maritime cooperation in the Indo-Pacific region, eradicating safe havens for terrorism, defense cooperation, drones, counter-terrorism and other major issues of mutual concern. They also focused on re-energizing the Defense Technology and Trade Initiativeas a mechanism to promote technology sharing as well as co-development and co-production efforts.” 

The U.S. Secretary of Defense James Mattis and India's Minister for Defense, Nirmala Sitharaman at a press conference in New Delhi on September 26, 2017.

The U.S. Secretary of Defense James Mattis and India’s Minister for  Defense,  Nirmala Sitharaman in New Delhi on September 26

Harsh V. Pant, professor of international relations at King’s College, London, said, “Defense ties have been growing rapidly between the two democracies and have been one of the most important factors propelling the relationship.”

“The relationship that we are building with India is not to the exclusion of other countries,” Mattis told reporters. “It is specifically designed for inclusion using a rules-based order that any nation that is living by the traditional rules of non-interference in other states in today’s age of anti-terrorism will not find this relationship in any way adversarial,” Mattis said.

September 26, 2017   No Comments