The two companies had inked a Rs 4,600-crore deal with the Ministry of Defence (MoD) in 2017 to supply 100 such guns within 42 months.
Industry body opposes import of bicycles from China in smart cities like Mysore, Coimbatore, Pune and Bhopal.
The 12,000 horsepower high-speed electric locomotive will be flagged off from Bihar’s Madhepura loco factory by Prime Minister Narendra Modi on Tuesday.
The 16-coach train with the chair-car seating and all modern facilities will cost Rs 100 crore and will initially be deployed in place of one premium Shatabdi Express train. If successful, this train will replace all existing Shatabdi trains.
Highlighting the steps taken in the past three years, the report stated that “the desired level of indigenisation and self-reliance in Defence Manufacturing, Research and Development and timely equipping of Services are some of the areas where the situation continues to be far from satisfactory”.
Japan is reportedly funding most of the project, and Japanese companies are likely to supply at least 70 percent of the core components of the rail line.
The new policy is particularly aimed at facilitating ease of doing business, besides employment generation, as also establishing a new ‘Make in UP’ department to derive benefits from the ‘Make in India’ scheme.
Xiaomi founder and CEO Lei Jun tells Nandagopal Rajan how Xiaomi manages its competitive pricing, and what he thinks of everything from Make in India to innovation.
Peter Rye, the President, Brentwood, said: “Our objective is to foster innovation and meet the increasingly high expectations of the customers, with a focus on Brentwood’s growth and prosperity in India…”
In one of the early raids on GST evasion, a senior tax officer in Andhra Pradesh slapped a Rs. 20,000 fine on a business man for the omission of Rs. 15 as GST in a bill. Is the inspector raj returning in the digital era?
India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labour and part suppliers along with a complex tax regime, industry executives say.
Without full tech transfer in previous arms deals, India’s mainly state-run defence factories have largely been left to assemble knock-down kits even for tanks and aircraft produced under license from the foreign maker.
Prime Minister Narendra Modi along with his Japanese counterpart Shinzo Abe, who was on a two-day visit to India, laid the foundation stone for country’s first bullet train project between Ahmedabad and Mumbai.
In her first act as the Defence Minister, she approved financial assistance out of the Raksha Mantri Ex-Servicemen Fund (RMEWF) for retired military personnel.
US defence secretary James Mattis is likely to visit India in the last week of next month and issues relating to joint development of weapons system are likely to figure during the talks he will have here.