Home Ministry eases Arms Rules to woo investments

The Union Home Ministry has liberalised Arms Rules to encourage investments in manufacture of arms, ammunition and weapons systems. The rules were liberalised with aim of making India a regional leader in supplying small arms to neighbouring countries as well as become an export hub. Key Facts Under the new rules, licence granted for manufacturing ..

Month: Current Affairs - October, 2017

Category: Defence Current Affairs

Topics: Arms Rules • Home Ministry • Make in India • manufacturing • National

Government to release new industrial policy

The Department of Industrial Policy and Promotion (DIPP) under the Commerce and Industry Ministry is going to release a new industrial policy by October 2017. It is expected to replace National Manufacturing Policy (NMP) released in 2011 The new policy aims at making India a manufacturing hub by promoting ‘Make in India’ with focus on ..

Month: Current Affairs - August, 2017

Topics: Automation • CLAT • DIPP • Government Policies • Industrial Policy • Make in India • manufacturing • National • New Industrial Policy

India’s first private missile production facility unveiled in Hyderabad

India’s first private sector missile sub-systems manufacturing facility Kalyani Rafael Advanced Systems (KRAS) plant was inaugurated near Hyderabad, capital of Telangana. It is 51:49 joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd. It has been established line with the ‘Make in India’ initiative and Government’s policy to encourage private sector ..

Month: Current Affairs - August, 2017

Category: Defence Current Affairs

Topics: Defence • Defence Manufacturing Sector • India-Israel • Kalyani Rafael Advanced Systems • Make in India • Telangana

Reliance Defence inks Pact with Serbia’s Yugoimport to Manufacture Ammunition in India

Anil Ambani’s Reliance Defence Ammunition which is a subsidiary of Reliance Infrastructure has entered into a strategic partnership with Serbia’s state-run Yugoimport to manufacture ammunition in India. The joint venture is expected to target business opportunities worth Rs 20,000 crore from Indian armed forces in the next 10 years. Salient Highlights The two companies will work jointly in the field of ammunition ..

Month: Current Affairs - June, 2017

Topics: Business • Current Affairs - 2017 • Defence • Make in India

Union Cabinet Approves National Procurement Policy Giving Preference to Make in India

The Union Cabinet Chaired by Prime Minister has given its approval for a national procurement policy that gives preference to ‘Make In India’ in government procurements. The policy aims to maintain the balance between promoting ‘Make in India’ and ensuring timely, quality and value-for-money products for the procuring government entities. Need The new policy will boost domestic manufacturing and ..

Month: Current Affairs - May, 2017

Topics: Business • Cabinet Decisions • Make in India • National