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.
Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. (Adventz Group) said that there is a huge scope for prospective and additional manufacturing of Russian military equipment in India within the concept 'Make in India'. Tribhuvan Darbari further said that India and Russia have shared a mutually beneficial relationship based on trust and friendship honed over 70 years now and the ties between both the countries are strong enough to navigate through complexities and pressure.