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Title : Army To Get Over 1 Lakh Lightweight Helmets: Government
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Army To Get Over 1 Lakh Lightweight Helmets: Government

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defence industrial interests and policies. The Ministry of Defence has, on its part, made it clear that it wishes to exclude certain projects and companies from being owned/controlled by foreign investors. As per the Defence Procurement Procedures of 2016 (DPP-2016), companies with an exposure of more than 49 per cent FDI would not be considered for ‘Make’ projects. Similarly, Strategic Partners (SPs), which the Modi government is contemplating to select from among the private sector companies for execution of high-value projects, are to be barred from having more than 49 per cent FDI.

Notwithstanding the exclusion of the above mentioned projects/companies, there would still be some projects/companies which may be subject to controlling stake bids by foreign entities. This is where the government has to make a selective intervention in order to make the FDI policy work while protecting the interests of home-grown entities. Given that no meaningful FDI is likely to come without a purchase assurance, it would be better if the government announces a list of projects that would be eligible for more than 49 per cent investment by foreign companies. The list of projects, however, needs to be carefully selected in consultation with the domestic industry to ensure that foreign investment does not kill genuine local capability.

 

 

Source:- IDSA

" data-image-meta="[]" data-image-title="Making FDI Count in Defence" data-large-file="" data-medium-file="" data-orig-file="" data-orig-size="" data-permalink="http://ift.tt/2sWQP7q" data-recalc-dims="1" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tQMEAlEguN-YnxYLYIVAQHmW_Xxu9KANKSkXiY25CRVLiDhcth2WqRQFz2KHRkTCQDV5GuVQbZtA=s0-d">The government today said it is procuring 1.58 lakh lightweight and safer ballistic helmets for the Indian Army. “A contract for procurement of 1,58,279 ballistic helmets through capital routes has been concluded in December 2016,” Minister of State for Defence Subhash Bhamre told the Rajya Sabha in a written reply to a question.

The helmets are being manufactured by Kanpur-based company MKU limited, army sources said, adding they will be lightweight and have better safety features. “There is no shortage of quality protective material for soldiers of the Indian Army fighting terrorists in Jammu and Kashmir,” Mr Bhamre said.

To a separate query on whether the interim verdict of the International Court of Justice on Indian national Kulbhushan Jadhav has brought out glaring deficiencies in the military legal system of Pakistan, Mr Bhamre did not comment.

 

On whether there was a need for major changes in the military justice system in India, Mr Bhamre said the existing laws are up-to-date and in sync with human rights, humanitarian laws and criminal and service jurisprudence.

To another question, Mr Bhamre said a committee headed by Lt. Gen. DB Shekatkar (retd.) has recommended closure of the Army Education Corps. “The recommendations of the committee are under consideration of the government,” he said.

 

 

 

Source:- PTi

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