India's defense ministry sources said that the cabinet committee on security, chaired by prime minister Narendra Modi, has cleared the acquisition of 145 M-777 ultra-light howitzers from the U.S. in a government-to-government deal worth $737 million. Defense-aerospace.com reports that the deal, which has a 30% offset clause, will be inked...
Johnson & Johnson Partners with Indo U.K. Institute of Health
During the India-U.K. Technology Summit inaugurated by Prime Ministers Theresa May of Britain and Prime Minister Narendra Modi of India, the Indo UK Institute of Health (IUIH) Medi-cities Program announced Johnson & Johnson India as its technology partner in Orthopedics. Johnson & Johnson's Medical division will provide advanced medical technology...
India and Japan Sign Civil Nuclear Energy Pact
On Friday, November 11, Prime Ministers Modi and Shinzo Abe signed an agreement whereby Japanese nuclear companies will be allowed to sell their technology to India. The deal, though limited to peaceful commercial use, is controversial because India has not ratified the Nuclear Non-Proliferation Treaty. It has raised concerns in...
World Bank Supports India's Solar Energy Program
The World Bank Group signed an agreement with the International Solar Alliance to provide $1 billion support to Indian solar energy projects. Led by India, this Alliance consists of 121 countries and was launched at the UN Climate Change Conference in Paris end-November last year, by Prime Minister Narendra Modi and French...
India Further Liberalizes FDI Regime
On June 20, India announced a number of measures to ease foreign investment in defense, civil aviation, pharmaceuticals, retail, food trade and broadcasting. The Federal Government has liberalized the FDI regime with the objective of providing a major impetus to employment and job creation in India.The government’s action opens up more than...
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...