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Defence Ministry clears deal for 6 submarines

Defence Ministry clears deal for 6 submarines Updated: Updated: Deal will take at least few years to be concluded, says an official. Share Article Deal will take at least few years to be concluded, says an official. The Defence Acquisition Council (DAC) on Friday cleared a deal for procurement of six advanced conventional submarines under Project-75I for the Navy at a cost of around ₹43,000 crore. The Request For Proposal (RFP) will now be issued to shortlisted Indian and foreign companies. The DAC, chaired by Defence Minister Rajnath Singh, discussed the P-75I case and cleared it, a defence official said.

Blackstone: Ex Blackstone MD s fund buys into defence supplier Data Patterns

Data Patterns, a home grown Defence & Aerospace Electronics Systems Company, develops systems for land, sea, air and space platforms. Established in 1985 by S. Rangarajan, Rs 200 crore Data Patterns has a workforce of over 700, currently. Data Patterns has domain expertise in development and designing of radars, communication, avionics, fire control systems, missile electronics, naval systems and satellite systems for predominantly Indian Defence and Space establishments and exports to the United Kingdom, South Korea and Europe. The company’s client list includes DRDO, MoD, BEL, HAL, ECIL and ISRO. Data Patterns has a dedicated research, design and manufacturing facility in Chennai. With Government of India’s emphasis on increasing local sourcing of defence equipment and components, the domestic supply eco-system is set to benefit from significant opportunity in the next few years.

Cong raises questions over Rafale aircraft deal, BJP hits back

Cong raises questions over Rafale aircraft deal, BJP hits back Cong raises questions over Rafale aircraft deal, BJP hits back Randeep Surjewala, Communications Department Head, Alleged The Government Neglected The Interests Of Public Sector Hindustan Aeronautics Limited (HAL) As Dassault Aviation, The French Manufacturer Of Rafale Aircraft Refused To Transfer Technology To It And Instead Entered Into An Agreement With Reliance Defence. News Nation Bureau | Edited By : Vikas Mehta | Updated on: 14 Nov 2017, 09:42:53 PM New Delhi: Congress on Tuesday blamed Modi government, saying that the latter has compromised national interest and security over the Rafale fighter aircraft deal. The grand old party alleged that the deal has caused a loss to the public exchequer.

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