Saudi Arabia defense imports $ 6.5bn, India imports $5.6 bn,China Imports $2.6bn ,UAE, Taiwan, import $2.2bn an Australia $2bn imports of which US defense exports $ 23.7bn and Russia exports $10bn, next is race of imports are France$ 5bn, UK$4.2 bn Germany $ 3.6bn an Italy $ 2 billion. India Country’s Foreign Exchange Reserves touched a new record high of USD 391 point 33 billion aided by increase in foreign Currency Assets (FCAs).
According to Reserve Bank of India data released today, FCAs, a key component of overall reserves, surged by USD 2 point 24 billion to USD 367.15 billion, according to RBI data. RBI data also showed that Gold reserves remained unchanged at USD 20.35 billion.
The special drawing rights with the International Monetary Fund (IMF) went up by USD 12.1 million to USD 1.491 billion,while country’s reserve position with the IMF too increased by USD 19 million to USD 2.341 billion.
Rostec State Corporation is set to manufacture at least 140 helicopters in co-operation with Hindustan Aeronautics Limited (HAL) at the latter’s facility in Bengaluru. This is part of the joint venture production of Russian helicopters as part of the Make in India campaign. In May this year, India and Russia had entered a joint venture, at 51:49 share, to manufacture the aircraft in the country. Rostec is a Russian corporation set up in 2007 to facilitate development, production and export of high-tech industrial products designed for civilian and military applications. Its CEO, Sergei Chemezov, said the production of the Ka-226T helicopters in India will be implemented by fully transferring manufacturing technologies. “Russia has transferred 100% in-depth manufacturing technologies to India, allowing Indian defence enterprises to set up full-scale production of their defence products,” he told a news conference at Zhukovskiy, nearly 40km from Moscow where the six-day International Aviation and Space Salon MAKS 2017 concluded on July 23.India is already manufacturing Su-30 MKI aircraft and T-90S tanks and is overhauling RD-33 aircraft engines with Russian licences.As part of the joint venture between the two countries, Russia will deliver Ka-226T helicopters within two years and, in all likelihood, increase the chopper production output in India, Chemezov said. “The project for localisation of Ka-226T helicopter production in India is currently implemented with HAL. It (HAL) has significant experience in the transfer of Russian technologies to India,” he said.
Lt Gen Singh, who retired as Army deputy chief, had shared these details on Thursday during a roundtable conference on “Reforms in Defence Procurement — Opportunities for the Northern Region” held at Confederation of Indian Industries (CII) regional officer. Explaining about its security features, Gen Singh said the jackets would be completely indigenous and for the first time made according to Indian standards.”After defining the standard, these prototype bulletproof jackets were made under controlled conditions,” he said. Thereafter, they were randomly picked up from different lots and put on trial to ensure that quality and safety is not compromised. Once the prototype was approved, we had ordered for their production at the ordnance factory and some private parties,” said Gen Singh. Stating the features of the jackets, Lt Gen Singh said that special focus has been given on the size of the jackets to ensure it fits on all size soldiers and they do not feel uncomfortable. It would not only a protection gear but would also be modular clothing, which would keep soldiers efficient during normal wear, he added.He further explained that the new jackets would be customized and the soldiers would be able to wear them in accordance to their requirements. “If a soldier is in picket, he need not to wear rear portion of the jacket and can continue duty with front portion of the jacket. Similarly the helmet, neck-guard, groin and sides can be customized as per operational needs”, Gen Singh elaborated. The DRDO had been working on the development of these prototypes bullet-proof jackets, as per the newer technical specifications, using different state-of-the-art ballistic materials.This under-development prototype aims to protect against AK 47s and self-loading rifle bullets. Stated to be ultra-lightweight, these jackets are reportedly 8-times lesser in weight than the present jackets used by the armed forces. It is for the first time that Army would have bullet-proof jacket manufactured completely in India. IDRW,Media agencies .
India still imports 60 percent of its defence requirement and has not been able to develop a proper rifle for its armed forces, Vice President Hamid Ansari said on Friday, bemoaning the government’s”inadequate”push for research and development.
Ansari’s comments come after an indigenously built rifle”miserably failed”the firing tests conducted by the army, which is seeking a replacement for the ageing INSAS model.
The vice president also said the India devotes only 0.9 percent of its GDP for scientific research, compared to 2 percent by China and 2.8 and 4.6 percent by Germany and Israel respectively.
The number of PhDs in the pure sciences in the country is”abysmally low”and India is”far behind”in the fast-changing world, he said, and questioned why this had gone unattended by several governments.”The governmental effort into the R&D is inadequate. After 70 years of independence, we still import 60 percent of our defence requirements…not kitchen requirements (but) defence requirements,”Ansari said. He added, with apprehension, that India is totally dependent on suppliers and what they would do in”certain conditions”.
“We, to this day, cannot prepare a proper rifle that is used by our army. We have to go and buy rifles outside,”Ansari said.
According to a report by the Stockholm International Peace Research Institute (SIPRI), India was the world’s largest importer of major arms in the last five years and its overseas procurement was far greater than that of China and Pakistan. The report noted that India accounted for 13 percent of the total global arms imports between 2012 and 2016 — the highest among all countries. Ansari’s remarks come days after Vice Chief of Army Staff Lt Gen Sarath Chand said Pakistan has a better military industrial base and exports more defence equipment than India, as he came down heavily on ordnance factories which manufacture weapons for the forces.
Chand bemoaned that ordnance factories in India have not been able to keep pace with changing technology adding that”there is no competition whatsoever”and it is”an unsuccessful method of supporting our defence requirements”. Ansari, who demits office on August 10, was speaking at the inaugural function on Science & Technology Innovations organised in the Parliament complex by scientific ministries under the aegis of the Parliamentary Standing Committee on Science & Technology, Environment and Forests.