Page-3 of Defence exports

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 ..

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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 ..

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Defence Testing Infrastructure Scheme approved

On May 15, 2020, Defence Testing Infrastructure Scheme was approved by the Defence Minister Raj Nath Singh. The scheme is to be implemented at an estimated amount of Rs 400 crores. Highlights The Defence Research Development Organization and the 41 ..

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Land Acquired from Tamil Nadu and Uttar Pradesh Defence Corridors to increase Defence Production

On March 23, 2020, the Defence Ministry announced in the Parliament that it has acquired land from the State Governments of Uttar Pradesh and Tamil Nadu. As Land is state subject, it is important for the centre to acquire land ..

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DefExpo-2020 Outcomes reported at the Parliament

On March 16, 2020, the Raksha Rajya Mantri Shri Shripad Naik submitted the outcomes of DefExpo-2020 at Rajya Sabha as a written reply. This year DefExpo-2020 was organized in Lucknow, Uttar Pradesh under the theme Theme: Digital Transformation of Defence ..

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India’s 40 million USD defence deal with Armenia beats Russia and Poland

On March 1, 2020, India bagged a deal to supply 4 indigenously built radars (capable of locating weapons) to Armenia. The deal was worth 40 million USD. Highlights India and Armenia signed deals on DRDO built “Swati” weapon locating radars. ..

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