Aiming to meet its $11 billion divestment target by March 2018, the Government of India is considering selling up to 25% of its stake in four state-owned companies under the control of the department of defense through an initial public offering. It has invited proposals by August 18. The four...
Fincantieri of Italy to Collaborate with Defense Shipyards in India
Trieste, Italy-based shipbuilding company Fincantieri has signed a contract with Mazagon Dock Limited, an Indian shipyard controlled by the Ministry of Defense and specialized in the building of naval and offshore units, to provide technical advice within the Project 17A. This project includes the construction of 7 stealth frigates 488...