Defence

After France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface. India and Sri Lanka have signed an agreement on the acceptance of UPI in the island nation to boost fintech connectivity. Sri Lankan President Ranil Wickremesinghe added that economic and technology cooperation agreement between the two nations was critical to enhance bilateral trade in priority areas.

All foreign Investments in the defence sector, including those currently allowed in the 74% by automatic route, will be subject to scrutiny on grounds of national securityAccording to a new notification, the government reserves the right to review any foreign investment in the defence sector that affects or may affect national security

Jindal Aluminium is increasing its focus on the defence and aerospace segments as it expects these sectors to be more active given the policy changes allowing private players

The simplified procedures and eased rules for the sector will help attract foreign investment and bolster India's efforts for becoming a global manufacturing hub

The fourth tranche of the government’s economic package seems aimed at reshaping a set of industries for the long-term, rather than generating quick jobs or providing succour to ailing businesses.

The contract for the 24 helicopters was signed on 25 FebruaryThe estimated cost of the Seahawk helicopter deal is $2.6 billion.

The Trump Administration has notified to the US Congress of its determination to sell India the Integrated Air Defence Weapon SystemThe entire system is estimated to cost $1.867 billion, the State Department has told the Congress in a notification

India targets to export of $5 billion worth of military hardware in next 5 years

In the meeting with Esper, Singh reaffirms New Delhi's vision for a free, open and inclusive Indo-Pacific region based on a rules-based orderRajnath also held separate bilateral meetings with his Japanese and Australian counterparts

Acquiring foreign human capital can accelerate product development cycles and help us gain cutting-edge technologies