Rafale offset details will be known when procurement begins: Sitharaman
Defence Minister said the details of foreign companies fulfilling the requirement to invest back a part of deal value in India will be known when procurement begins.
Defence Minister said the details of foreign companies fulfilling the requirement to invest back a part of deal value in India will be known when procurement begins.
India’s public sector defence manufacturer BEML has received the award for best seller in crawler equipment-dozers, rigid dump truck for mining industry.
Israel Aerospace Industries has signed $777 million deal for supply of Barak 8 long range surface-to-air missiles for seven ships of Indian Navy.
Francois Hollande has blamed Indian government for selecting Anil Ambani’s Reliance Defence as Dassault’s offset partner in multi-billion dollar deal.
Prahar is a contemporary weapon system capable of carrying multiple types of warheads and neutralizing a wide variety of targets.
Defence minister Nirmala Sitharaman presided the meeting of DAC (Defence Acquisition Council) that cleared the purchase of Akash missiles under the ‘Buy Indian’ category.
Sitharaman said that public sector aircraft manufacturer Hindustan Aeronautics Limited was excluded from the Rafale deal by the UPA government itself.