Government

RM reviews AK-203 JV

Raksha Mantri Shri Rajnath Singh reviewed operationalisation of newly dedicated joint venture Indo Russian Rifles Private Limited (IRRPL) at Korwa in Uttar Pradesh for production of AK 203 assault rifles in a high level meeting, here today.

Govt to reduce licencing time for sensitive, dual-use exports: Adl DGFT

Mr Vijay Kumar, Additional DGFT, Ministry of Commerce and Industry, Government of India today said that the government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use products and technologies from India.

Speaking at the 3rd National Conference on Export Controls 2019 organised by FICCIMr Kumar said that the government has simplified many policies in the last year and strengthened the e-platform for licencing sensitive and dual-use exports.

MoD pushes for innovation

In a major boost to Mission Raksha Gyan Shakti, a Memorandum of Understanding (MOU) was signed between the Intellectual Property Facilitation Cell (IPFC), Department of Defence Production, Ministry of Defence and National Research Development Corporation (NRDC), Ministry of Science and Technology on 09 July 2019.

OFB to manufacture T-72 engine

The Defence Acquisition Council (DAC, on September 25, accorded approval for procurement of 1000 engines of 1000 BHP for fitment in T-72 tanks of the Army under ‘Buy & Make’ category and at an approximate cost of over Rs 2300 crore. Post transfer of technology most of these engines will be manufactured by Ordnance Factories Board (OFB). The engines will enhance mobility, agility and acceleration of T-72 tanks making them more versatile and effective in the battlefield.