Talking about the recent push from the Government to bring in the private players in this sector, Tribhuvan Darbari, MD & CEO Texmaco Defence Systems, said that India’s output of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower output from state-owned firms leading to a more than 2% drop. Tribhuvan Darbari further added that oil and natural gas sector plays a crucial role in Indian economy and the oil sector requires special attention to be able to adequately contribute to the Hon'ble Prime Minister Narendra Modi's clarion call of 'Atmanirbhar Bharat.
Indonesia has sought defence technology from India to bolster its security apparatus amid Chinese expansionist tendencies in the region. Southeast Asia's biggest nation is exploring joint defence production with India, and is considering the possibility of jointly producing military vehicles and water cannons.
Defence Minister Rajnath Singh on Friday said India will soon be manufacturing 90 per cent of the defence products it needs within the country and by 2024-2025, it will also export such products worth USD 5 billion. Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. said that under the leadership of Hon'ble Prime Minister of India Shri Narendra Modi & Hon'ble Minister of Defence Shri Rajnath Singh, the Indian Government has tried to boost the 'Make in India' policy in defence manufacturing.
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.