Page-27 of Make in India Current Affairs, GK & News

Import Substitution

Import substitution is an aggressive economic policy employed by emerging economies to promote domestic production and self-sufficiency in many sectors. It is also seen as a means to reduce dependency on developed nations. IS seeks to provide added protection to domestic industries via tariffs, import quotas, government loans at subsidised rates of interest. This encourages ..

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India and Spain sign agreement on Mutual Protection of Classified Information

India and Spain have signed an agreement on Mutual Protection of Classified Information. This agreement provides the framework for enhanced cooperation in the defence sector between both countries. Mutual Protection of Classified Information is a primary pact that a country agrees to before embarking on deeper talks on defence cooperation. The agreement was signed by ..

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Challenges to the defence procurement

India is having the 3rd largest armed forces of the world, with an annual budget of US$ 38 billion and 40% of this is used for capital acquisition. In the next 7-8 years this budget would be increased to around US$ 130 billion for modernization of armed force. The high domestic demands and its dependency ..

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Kalyani Group announces joint venture with Israel’s Rafael Advanced Defence System

India’s Kalyani Group has announced a joint venture (JV) with Rafael Advanced Defence System of Israel. This joint venture company will be based in India. It was announced by Chairman and Managing Director (MD) of Kalyani Group Baba Kalyani. It will be the first such venture under the new Foreign direct investment (FDI) limits in defence ..

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Gujarat government announces new industrial policy for 2015

Gujarat government has announced its new industrial policy for 2015. It was announced by Gujarat Chief Minister Anandiben Patel ahead of the Vibrant Gujarat Summit which begins from January 11, 2015. This industrial policy aims to make state a global manufacturing hub by playing a pivotal role in realising Prime Minister Narendra Modi’s ‘Make in ..

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