The Manohar Parrikar-led Ministry of Defense in India will buy its requirement of close quarter battle carbines directly instead of going through the conventional route of floating global tenders for them. “With repeated failure to procure it through the global tendering process, the ministry has to go for direct government-to-government sale...
Dassault Aviation Enters into JV with India's Reliance Group
The Dassault Reliance Aerospace was announced by France's Dassault Aviation chairman and CEO Eric Trappier and Reliance Group chairman Anil Ambani. The agreement includes a 50% offset obligation, which is the largest-ever offset contract recorded in India. Defense News quotes an Indian Air Force official who said, "A comprehensive military...
India Finalizes (Finally) Rafale Fighter Buy
The long-awaited inter-governmental agreement for the purchase for 36 Dassault Rafale Jets was signed in New Delhi on Friday 23 September between India's minister for defense Manohar Parrikar, and his French counterpart Jean Yves Le Drian. Eric Trappier, Dassault Aviation chairman and CEO, was also present. The deal is worth...
U.S., India Sign Defense Logistics Agreement
India's Defense Minister Manohar Parrikar was in Washington on August 30 to sign the Logistics Exchange Memorandum of Agreement (LEMOA). This agreement provides for each country to use the other globally for supplies, spare parts, services and refueling. Effectively, U.S. armed forces can operate out of Indian bases, and vice...
India's Defense Ministry Plans $223 Billion Spend
India is planning to spend $223 billion on weapons over the next eleven years. Defense Minister Manohar Parrikar has asked his ministry to project the expected cost of upgrading and modernizing India's armed forces. An annual hike of 8 percent in capital spending will be allocated in each year's budget....
Air India One for Indian PM Will Be a Boeing 777-300
Prime Minister of India, Narendra Modi, will soon get a new Air India One aircraft for official purposes. According to exclusive details available with Aaj Tak, the aircraft will be similar to President Obama's Air Force One. Defense Minister Manohar Parrikar will finalize the deal for two new Boeing 777-300s during...