Mumbai (Maharashtra) [India], April 21 (ANI/BusinessWire India): Trentar, a leading Full Stack UAV and Aerial Solutions group, on the 20th of April announced the merger of its two UAV manufacturing units viz TM Aerospace Pvt. Ltd and RFLY Innovations Pvt. Ltd. Announcing the merger, Lt Gen Sarath Chand (Retd.), CEO of Trentar's manufacturing division, said that the merger would enable both entities to take advantage of each other's resources, R&D capabilities and best practices, besides bringing in synergy and focus. In short, the merger will create a stronger, more competitive UAV design and development organisation to deliver exceptional value to customers, employees, and stakeholders. Gen Sarath Chand further stated that the merged entity will operate under the name of RFLY Innovations Pvt. Ltd, by retaining all the employees of TM Aerospace. The leadership team will work to maximize efficiencies and identify new opportunities for growth and innovation. He also stated th
3203 Damper: The MoD has abandoned the idea of creating a semi-autonomous and overarching Defence Acquisition Organisation. PTI
Amit Cowshish and Rahul Bedi
Amit Cowshish ex-Financial Adviser, Acquisition, MoD and Rahul Bedi Senior journalist
The Union government’s recent announcement of domestically sourcing a major proportion of its defence equipment requirements to achieve Atmanirbharta or self-reliance appears disingenuous as it’s neither new nor exceptional. It’s merely a continuation of a prevailing trend that has been progressively in play, albeit with a minuscule real increase in financial allocations by the Ministry of Defence (MoD) to help attain this long-awaited goal.
BW Businessworld
A Marginal Increase In Defense Budget Reels Under 9.5% Fiscal Imbalance In The Budget 2021
Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 crores to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores from Rs 1,13,000 last FY. Fiscal burden at 9.5 % is dampening impact on the overall budget including defence.
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Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 cr. to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores. from Rs 1,13,000 last FY. Capital budget is for the Modernisation fund for the armed forces.