Thursday, August 7, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home World India

Govt clears Rs 31,000 cr defence orders

22 February 2024
in India
0
Govt clears Rs 31,000 cr defence orders
Share on FacebookShare on Twitter
How does this make you feel?



The government has cleared weapons acquisitions worth over ₹31,000 crore, including the single largest order ever to the Indian private sector. Approvals have been granted by the Cabinet Committee on Security (CCS) for purchase of Brahmos missiles and launchers for the navy and high powered radars and close in weapon systems (CIWS) for the Indian Air Force (IAF).

The contracts are likely to be signed in the current financial year and will come as a boost to the domestic defence manufacturing ecosystem. Sources said that the order for over 200 extended range Brahmos supersonic cruise missiles is valued at close to ₹20,000 crore. These missiles will be fitted onboard leading warships. The Brahmos missile is also being supplied to the Philippines.

The CIWS system, the urgency for which has increased in recent times given the threat of unmanned aerial systems, is valued to close to ₹6,000 crore and, once signed, will be the largest single order to the Indian private sector. Defence manufacturing giant Larsen and Toubro has won the air force order and the systems will be manufactured indigenously.

(You can now subscribe to our Economic Times WhatsApp channel)



Source link

🪄 Creating a simple explanation...

Tags: clearsDefenceGovtorders
Previous Post

U.S. Examined Allegations of Cartel Ties to Allies of Mexico’s President

Next Post

ACT police ballot will consider industrial action options | The Canberra Times

Related Posts

‘Worse than Covid’: Trump’s tariffs shake Indian exporters; will it impact China+1 strategy?
India

‘Worse than Covid’: Trump’s tariffs shake Indian exporters; will it impact China+1 strategy?

by My News Wave
7 August 2025
0

US President Donald Trump's recent decision to double tariffs on Indian exports to 50% is causing significant turmoil among Indian exporters, compelling them to seek alternatives and potentially jeopardizing India's goal of becoming a manufacturing hub. The tariffs, viewed as detrimental—especially for smaller businesses—could lead to a 1% decrease in India's GDP, prompting calls for governmental support and strategic shifts in production locations. Want More Context? 🔎

Read more
Brushing teeth at night and its link with heart attacks: 3 things to know
India

Brushing teeth at night and its link with heart attacks: 3 things to know

by My News Wave
7 August 2025
0

A recent Japanese study indicates that neglecting nighttime teeth brushing may elevate the risk of cardiovascular events, as oral bacteria can proliferate overnight with decreased saliva flow, potentially entering the bloodstream and causing inflammation. While this is not a direct causation, maintaining good oral hygiene, particularly at night, is associated with healthier outcomes and a reduction in cardiac incidents. Want More Context? 🔎

Read more
EC vs Cong: Rahul shows 5 ways 'votes were stolen' – what 'proof' was given?
India

EC vs Cong: Rahul shows 5 ways 'votes were stolen' – what 'proof' was given?

by My News Wave
7 August 2025
0

Rahul Gandhi briefing the press on Thursday (PTI photo) NEW DELHI: Congress leader Rahul Gandhi claimed electoral fraud during recent Karnataka elections, presenting evidence of "vote chori" with alleged multiple registrations and invalid addresses. The Karnataka Election Commission has requested a formal declaration from him to initiate an investigation, emphasizing the need for evidence to substantiate his claims. Want More Context? 🔎

Read more
Save the date! Virat Kohli and Rohit to make India comeback
India

Save the date! Virat Kohli and Rohit to make India comeback

by My News Wave
7 August 2025
0

Indian cricket legends Virat Kohli and Rohit Sharma are set to return to international play in a three-match ODI series against Australia starting October 19, after recently retiring from Test cricket and focusing solely on ODIs. This series holds emotional significance as it marks their first outings since their last Test appearances in Australia, with matches scheduled in Perth, Adelaide, and Sydney. Want More Context? 🔎

Read more
'It's only been 8 hours': Secondary sanctions? 2x tariffs on India a 'warning' to China, says Trump
India

'It's only been 8 hours': Secondary sanctions? 2x tariffs on India a 'warning' to China, says Trump

by My News Wave
6 August 2025
0

During a White House event, President Trump addressed concerns about India facing secondary tariffs despite China's higher purchases of Russian oil. He emphasized that more secondary sanctions would be imposed on countries engaging in Russian oil and gas transactions, interrupting the questioner to assert that "it's okay." Want More Context? 🔎

Read more
Made in US: A 24-k gold gift for Trump, a tariff relief for Apple – watch
India

Made in US: A 24-k gold gift for Trump, a tariff relief for Apple – watch

by My News Wave
6 August 2025
0

On a notable day at the White House, Apple CEO Tim Cook gifted President Trump a unique glass engraving, produced in the U.S., during a ceremony promoting Apple's "American Manufacturing Program." In return, Trump announced that companies like Apple, which invest in U.S. manufacturing, would be exempt from an upcoming 100% tariff on semiconductors, while Apple committed an additional $100 billion to its $500 billion investment plan in the U.S. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Kelly Clarkson’s ex-husband Brandon Blackstock dead at 48
  • U.S. embassy worker smuggled cocaine in Marlboro cartons and Choco-pie boxes, DOJ says
  • Suspected people smuggler followed by BBC documentary detained in Birmingham
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In