India and Russia are having a disagreement over the joint production of Kamov-226T light-utility helicopter that was announced as the first major ‘Make in India’ project some five months ago.
In line with government’s ‘Make In India’ initiative and the Indian Army’s need for high technology solutions for military modernisation, Dr Shantanu Bhowmik of Amrita University of Coimbatore has readied a fully indigenous technology on high performance composite material that can be used for bullet proof jackets and helmets besides its other wide range applications in defence and aviation sector.
India is likely to become the third largest aviation market in the world by 2020 after the US and China. At present, India is among the fastest growing and currently the ninth largest civil aviation market in the world.
Chinese companies have shown significant interest to invest in India in a wide range of sectors since the launch of Make in India campaign, the Commerce and Industry Minister Nirmala Sitharaman said.
One of the key decisions facing Defence Minister Arun Jaitley will be the policy on ‘Strategic Partners’ (SP) upon which Prime Minister Narendra Modi’s ‘Make in India’ policy in defence manufacturing hinges.
With Arun Jaitley doffing a dual hat on Tuesday by assuming charge of defence ministry, the finance minister has his task cut out to move a stalled Make in India initiative in defence sector
Two years after Prime Minister Narendra Modi urged Indian entrepreneurs to ‘Make in India’, many have not been able to heed his call.
Even though india has moved into the world’s top five defence spenders club, nearly 50 percent of its expenditure is on imports, with Russia being the biggest supplier.