Tuesday, July 31, 2018

Defence ministry clears decks for buying 111 choppers for navy at Rs 217 bn

New Delhi: The defence ministry on Monday announced it had approved ‘implementation guidelines for the strategic partnership model’.

The ‘strategic partner’ (SP) model of defence procurement, which was promulgated in outline in May 2017, provides a policy framework for

Indian firms to manufacture specified defence platforms in India based on technology transferred by a selected foreign vendor.

The SP policy initially aims at building four categories of weaponry — fighters, helicopters, submarines, and armoured vehicles.
31/07/18 Ajai Shukla/Business Standard