Archive for August, 2010

Indian MOD Shuns Private Shipyards for Submarine Project

Subscribe to Hexxcom’s RSS feed to get the latest Updates. Thanks for visiting!India Defence Online, New Delhi — In a crucial turnaround of events, the Indian private shipbuilders have been sidelined from India’s submarine programme. This is due to the fact that the Defence Acquisition Council (DAC), part of the Indian Defence Ministry, has decided [...]

Indian MOD to Announce New DPP Soon

India Defence Online, New Delhi — India will be getting a new Defence Procurement Policy (DPP) and Defence Production Policy by early September this year. The Defence Production Policy is making its debut in the Indian Defence sector.

Indian Economy Grows by 8.8%

The Indian Economy grew by 8.8% for the second quarter of the year ending in June. Growth was spurred by the manufacturing sector and could have been larger, but for the financial service sector. Other sectors such as agriculture also grew at 2.9%, 1% higher than this time last year.

Kaveri Engine Development is on Track: Antony

India Defence Online, New Delhi — Indian Defence Minister A K Antony announced in parliament that the development of the indigenous “Kaveri” engine for the ‘Tejas’ Light Combat Aircraft (LCA) is progressing satisfactorily. The “Kaveri” engine is being developed by the state-owned Defence Research and Development Organisation (DRDO) and it has revealed the various technologies [...]

49% FDI Allowed In India Multi-Brand Retail

The Consumer Affairs Ministry in India has given the approval to allow 49% FDI into multi-brand retail via a letter to the Commerce Ministry.The consumer affairs ministry has said “Multi-brand retail should be permitted with a cap of 49 per cent… A significant chunk of investments should be spent on back-end infrastructure, besides logistics and [...]