Tribhuvan Darbari MD & CEO Texmaco Defence Systems says that the purchase of the S-400 Triumf Missile System has also become the center of debate because of the possibility of India being sanctioned by the United States (US) under the Countering America's Adversaries Through Sanctions Act (CAATSA).
Defence Ministry issues new list of firms with whom dealings have been suspended or put on hold
The Ministry of Defence on Sunday issued a new list of firms with whom dealings have been suspended or put on hold or restricted procurements.
Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. said that the move will finally pave the way for the replacement of the ageing Cheetah and Chetak fleet of choppers. Tribhuvan Darbari further added that even though the Cheetah and Chetak choppers are old and prone to crashes and high maintenance, they are a crucial lifeline for the armed forces, especially in high-altitude areas like the Siachen Glacier.
With collaborative efforts of entities from all over the world, the defence exports have grown by 334% in the last five years and India now is exporting to more than 75 countries, Defence Minister Rajnath Singh said on Monday appreciating the efforts of the industry and thanking the foreign aerospace and defence companies for investing in the sector.
According to the latest news published on the Economic Times website- a consortium of Indian state-owned oil firms, including ONGC and Indian Oil, are in preliminary talks with Rosneft for a stake in Russia’s massive Vostok project. The consortium is likely to include more Indian state firms, but it will be some time before a final deal is struck.
When combat is necessary, airpower capabilities yield a variety of strategic, operational, and tactical effects that provide disproportionate advantages relative to any other medium of warfare. The […]