Apply For FDI

ENQUIRY


captcha
Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are enquiry@fdi.finance, info@fdi.finance, india@fdi.finance and Contact Numbers are 1800 891 1610 and 8595911148. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

DAC Approves of Rs. 2,236 Crore Proposal to Enhance Military Communications

    25 November , 2021         Fdiindia

DAC Approves of Rs. 2,236 Crore Proposal to Enhance Military Communications

The Defense Acquisition Council (DAC) cleared a Rs. 2,236 crore Air Force proposal to purchase GSAT-7C satellite and ground hubs for better real-time military communication, said a statement by the defense ministry.

The DAC is India’s top military procurement body led by Defense Minister Rajnath Singh. It acknowledged the necessity for the project under the Make in India initiative.

“The project envisages complete design, development and launching of the satellite in India. The induction of GSAT-7C satellite and ground hubs for software defined radios will enhance the ability of our armed forces to communicate beyond the line of sight in all circumstances in a secure mode,” the statement added.

The statement also pointed out that it will enhance the ability of our armed forces to communicate beyond the line of sight.

This decision comes against the backdrop of numerous policy decisions by the government to make India’s defense sector self-reliant. A major step in this direction is the increase of the FDI limit from 49% to 74%, mentioning 209 defense items that cannot be imported and setting aside a separate budget for buying military hardware manufactured domestically.

India has made deals worth Rs. 62,000 crore in the last two months to strengthen the country’s military capability with locally produced weapons and defense systems such as tanks, helicopters, transport planes, airborne early warning systems and counter-drone weapons.

The DAC made another breakthrough by approving the long-pending deal for the manufacture of 6.71 lakh AK-203 assault rifles in India. This comes before Russian President Vladimir Putin’s visit to India next month for the annual India-Russia summit.

India and Russia had signed an Inter-Governmental Agreement (IGA) in February 2019, which resulted in the formation of Indo-Russian Rifles Private Limited (IRRPL), a joint venture with manufacturing facilities for rifles at Korwa, Uttar Pradesh.

Russia had demanded royalty over each gun manufactured in India but later waived the clause after negotiations, which sorted out a lot of other issues as well.

 


READ ALSO :

India Aiming To Become Preferred Sourcing Partner For Global Textile Industry

India Has the Potential to Attract Up to $160 Billion in FDI Per Annum: Piyush Goyal