The defence ministry on Monday approved a long-pending proposal to procure six indigenously manufactured next-generation offshore patrol vessels (NGOPVs) for the Navy at a cost of Rs 4,941 crore, officials said.
Reliance will be participating in the offset program through Dassault Reliance Aerospace Ltd (DRAL) in which Dassault holds a 49 per cent stake bringing in its 90 years of aerospace manufacturing experience, making it the "most qualified vendor".
Vinod Jolly, the vice president of Federation of MSME Vendors and Defence and Aerospace, said the MSMEs provide vital supplies of parts to ordnance factories and every year before March orders are placed for the next financial year.
Addressing a press conference in New Delhi, Defence Minister Nirmala Sitharaman said India had honoured its 2003 agreement with the neighbouring country, but the Army reserved the right to retaliate to an unprovoked attack.
The Indian Express has reported that Ukraine is investigating alleged kickbacks in India's purchase of spares for military transport aircraft An-32. Ukraine's Anti-Corruption Bureau suspects the involvement of Indian Defence Ministry officials.
“Despite the fact that the Ukraine alleges 17.5-cr kickbacks to MoD officials, asks India for help terms of the agreement had not been actually fulfilled, the parties signed statements of completion whereupon Spetstechnoexport transferred $2.6 million of budget funds to the account of Global Marketing opened in the UAE,” wrote the Chief Unit of Detectives of the NAB.
The Army asked for certain roads in four cantonments — Badami Bagh Cantonment in Srinagar, Satwari road at Jammu, Cannanore Cantonment and Delhi Cantonment - to be exempt from the order due to security reasons.
The committee, which will be a permanent body, will prepare a draft national security strategy besides undertaking a strategic defence review and formulating an international defence engagement strategy.