Archive for August 1st, 2006

India to manufacture cargo ammunition with Israel

August 1, 2006

Even with Israel bombing Lebanon, India is preparing to enter into a first-ever joint defence venture with Israel to manufacture cargo ammunition. The joint venture is proposed between the Khamaria ordinance factory near Jabalpur in Madhya Pradesh and Israel Military Industries (IMI), a public sector company. This will be the first foreign direct investment (FDI) in the defence sector in India since new policies about the manufacture of military products were framed last year.

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460 foreign pilots on Indian flights

August 1, 2006

As many as 460 foreign nationals are working as commanders in flights by domestic carriers to meet the shortage of pilots, Minister of state for Civil Aviation Praful Patel informed the Rajya Sabha on Tuesday. In a written reply, he said the government has decided to upgrade the capacity of Indira Gandhi Rashtriya Uran Akademy from 40 to 100 cadets a year and has set up a new flying Training Institute at Gondia in Maharashtra.

Besides, it has also conditionally increased the age limit for pilots to 65 years for exercising the privileges of their licences for commercial transport operations under prescribed conditions, he said.

Further, he said aircraft operators both scheduled and non-scheduled are permitted to employ foreign pilots as commanders to train Indian co-pilots so as to enable them being upgraded as Commanders.

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India-China — Russia-Troika: Is It Possible?

August 1, 2006

Of late a talk of suspicion and many eyebrows have been raised on the soon called India –china –Russia Troika at the international level among the international community even though all the three countries have vehemently denied this but there seems to some element of truth behind this and if this finally happens it would change the contours of the geo-political-strategic positioning and relationship of the Asia-Pacific countries .It might well give sleepless nights to the West and the United States of America in relation to its strategic and foreign policy with the Asia-Pacific .

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HAL gears up to target overseas markets

August 1, 2006

The state-owned Hindustan Aeronautics Ltd (HAL) is on an aggressive mission to tap opportunities in the international market. 
 
The country’s premier public sector defence company expects to sell a significantly higher number of helicopters, aircraft, avionic systems and other defence-related equipment to many countries in the coming years. 
 
According to a company official, HAL, with pending orders worth Rs 30,000 crore, is all set to strike gold with a series of indigenous projects currently on in full swing. 
 
“HAL is making all-out efforts to increase exports. The present export revenue is around Rs 200 crore and we expect this figure to improve drastically in the coming years,” said D Shivamurti, director (finance), HAL. 

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Indian Defense Lab, EADS Team To Develop Missile Warning Sensors

August 1, 2006

India’s premier defense electronics laboratory, the Defence Avionics Research Establishment (DARE), and EADS Defense Electronics have agreed to jointly develop advanced missile warning systems for New Delhi’s homegrown advanced light helicopter, the Dhruv.

The system, based on EADS’ MILDS AN/AAR-60 warning sensor, will be integrated into the Dhruv’s existing Multi-Sensor Warning System of the Indian armed forces, Lothar Belz, spokesman for EADS Defence Electronics, said July 31 from Munich, where the company is based.

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India To Curtail Interaction With U.S. Military

August 1, 2006

In a sudden change of stance, the Indian Defence Ministry is reducing military interaction with the United States.

Spokesman Sitanshu Kar said July 31 that the ministry wants to reduce interaction between the Indian and U.S. militaries, but planned joint exercises will not be affected. Kar further noted that in the past six months, military interaction with the United States had been intensified to the detriment of interaction with other countries’ forces.

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India can’t afford to snap Israel ties

August 1, 2006

Defence minister Pranab Mukherjee may have ‘deferred’ his visit to Israel last month due to ‘political sensitivities’, but there is little chance of UPA government capitulating to the Left’s demand for severing all military ties with the Jewish state.

The Indian armed forces have now come to bank heavily upon Israel for acquiring cutting-edge military technology in areas ranging from UAVs (unmanned aerial vehicles), radars and thermal imagers to missiles, anti-missile defence and electronic warfare systems.

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GMR Infrastructure IPO subscribed 1.58 times on day 1

August 1, 2006

The public issue of GMR Infrastructure Ltd has been subscribed 1.58 times on the first day of issue. The qualified institutional bidders portion meant for foreign investors has been subscribed around three times, according to market sources. Almost 18 institutional bidders bid on the first day.

The company has offered 3.81 crore equity shares, of which 60 per cent is for QIBs, 10 per cent for non-institutional investors and the remaining 30 per cent for retail investors. The net offer to public constitutes 11.37 per cent of the fully diluted post issue paid-up capital of the company.

The price band for the IPO has been fixed at Rs 210 – Rs 250 and the issue closes on August 4.

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Private cargo aircraft forced to land at Mumbai

August 1, 2006

A private US-registered cargo aircraft Boeing 747 enroute from Nigeria to Hong Kong was forced to land here after the crew filed some “suspicious” flight plan.

The Boeing, belonging to cargo operator Atlas Air, according to its pilot, was enroute from Nigeria to Hong Kong, but was intercepted by air force fighters as the code it sent to air traffic control (ATC) pertained to military aircraft, sources said.

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Indian PSUs Will Spend More On IT, Says Study

August 1, 2006

Springboard Research, an IT market research company, has released a study predicting that India’s public sector IT expenditure will be the fastest growing in Asia.

According to the study, India”s expenditure on IT in the public sector will grow from US$1.4 billion in 2005 to US$2.9 billion in 2009, with a CAGR of 19.6%, surpassing even China (14.6%) in the process.

The largest spending within the government sector in India was in the internal security and defence sub-vertical, consisting of the entire defence establishment, internal security and public safety agencies, border control and immigration, and intelligence. This sub-vertical accounted for 14.4% of the IT spending in the government sector, with public education having the second largest share at 11.4%. The fastest growing area of IT spending in the government sector was government managed healthcare with a compounded annual growth rate (CAGR) of 22.1% from 2005-2009.

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