Defence exports: GK, General Studies and Current Affairs

Defence Minister Raj Nath Singh approves new DRDO Procurement Manual 2020

On October 20, 2020, the Defence Minister Rajnath Singh approved a new Defence Research Development Organization Procurement Manual, 2020. The main objective of release of the manual is to encourage MSME (Micro Small and Medium Enterprises) in Research and Development. Highlights The manual will simplify processes of procurement and will therefore, facilitate indigenous defence industry. ..

India’s night trial of Nuclear Capable PRITHVI II missile successful

India recently conducted the night trial of indigenously developed nuclear capable Prithvi II missile. The test was successful. The test was conducted at the Integrated Test Range, Balasore, Odisha. Highlights Prithvi II is a surface-to-surface missile. The first trial of Prithvi II was conducted in September 2020. The launch was conducted by the Strategic Force ..

GoI permits up to 74% FDI under automatic route in Defence Sector

On September 17, 2020, the Government of India permitted Foreign Direct Investment of 74 percentage under automatic route in defence sector. This is being done to attract more overseas investors in the defence industry. Highlights Till date, the Government of India has permitted 100% foreign investments in the defence sector. Of this 49% were allowed under ..

Defence Conclave, 2020 in Gujarat

On June 25, 2020, the Raksha Rajya Mantri Shri Shripad Naik inaugurated a two-day Defence Conclave 2020 in Gujarat. Highlights The minister addressed the conference virtually. The conclave was organized by the Confederation of Indian Industry and Society of Indian Defence Manufacturers. About the Conclave The Conclave will bring together the government representatives and serve ..