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Target to raise India's defence exports to USD 2 billion: Manohar Parrikar

Defence Minister Manohar Parrikar on Saturday said the government will take into account the concerns while forging strategic partnership in the critical sector and set a target to raise India's defence exports to USD 2 billion in the next two years from the current over USD 330 million.

May 14, 2016, 16:33 PM IST

Manohar Parrikar allays fears of firms on strategic partnership move

 Defence Minister Manohar Parrikar has sought to ally fears expressed by domestic and foreign defence firms that only big companies might get benefit from the proposed strategic parnership move of the government in critical segments like submarines, aircraft and missiles.

Jan 12, 2016, 16:53 PM IST

How India plans to change its defence acquisition process

In a move that will change India's defence acquisition process, government plans to enter into "strategic partnership" with domestic private firms in six critical areas, replacing the system of awarding contracts to lowest bidder.

Sep 12, 2015, 16:18 PM IST