5 Latest Defense Deals of India You Must Know. With the modernization of armed forces, the involvement of private players in the field has garnished the defense and security of India. The top private giants of India like Reliance, Tata, Mahindra etc. have entered the race to produce the weapons for Indian armed forces has become a milestone. Both the parties are befitted here with a complete benefit of the nation.
Boing- Tata Advanced System Ltd. Deal
The recent Boing and Tata Advanced System Ltd agreed to work jointly to produce defense equipment that include UAVs for counter-terrorism and weather mapping for the agriculture sector. Defense has become a new arena of investment for private players. The Tata sons led TASL is already working with Airbus and Lockheed martin. The two giants have already signed a deal for TASL to manufacture Boeing CH-47 Chinook and AH-6i helicopters.
Reliance- Russia Deal
In another turn in defense sector, Reliance led Pipavav shipyard was selected by the Russian government for manufacturing upgraded Talwar class frigate which is expected to exceed $ 3 billion, making it the biggest warship building project ever. Indian Navy need 3-4 more frigate to meet its requirement. Indian Navy got support from private firms helping them to provide required ships. The ship is expected to be delivered in about 6-8 years. According to the sources, Russian government accessed some of the India’s top manufacturers like Mazgaon Dockyard Ltd, Cochin shipyard, and L&T unit. And finally selected Pipavav for the manufacturing the frigate.
Mahindra Deals
Mahindra has also emerged as a new hunk in the defense sector with extending its claws in all Navy, Air force and Army’s weapon and equipment’s manufacturing. Well, the vision of our Prime Minister Narendra Modi seemed to be taking new heights and is expected to get fulfill soon.
Airbus Mahindra Deal to Manufacture Helicopters
The European company Airbus and India’s Mahindra group stapled a deal to manufacture helicopters in India. The airbus helicopters is a part of airbus group and selected Mahindra after analyzing many companies for the deal.
Mahindra-GE Aviation Deal
Last month Mahindra and GE Aviation agreed to manufacture aerostructures. The deal signed for the production of aerostructure that will be produced at Mahindra’s new plant in Bangalore. This was signed in Paris international air show. Mahindra aerospace, created in 2009 is leading Mahindra group to the defense sector.
Mahindra- Ultra-Electronics Deal
Mahindra ultra-electronics of UK signed a memorandum of understanding (MoU) to make radios and underwater warfare equipment for Navy. The deal will focus over new high technological, tactical, software defined radios for Indian Army’s tactical communication systems.
The competition among the private giants in the defense sector has created a new era where India will manufacture its own equipment and will leave the tag of highest arm importer country. Make in India has a bold impact on the private firms and recreated the strategy of old India to turn to new one. Prime Minister Narendra Modi’s foreign visit, especially the European visit really paid for the nation. Major turns are appearing in the defense field. The deal is a win- win deal and punch over the crucial improvements in the defense.
