Plan to encourage local players in defence procurement, says scientist
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‘₹70,000 crore was earmarked in the Budget for acquisition from indigenous sources’
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‘₹70,000 crore was earmarked in the Budget for acquisition from indigenous sources’
The defence sector, especially research organisations such as DRDO, is opening up and it is being done in tune with the concept of Atmanirbhar Bharat said Director General Naval Systems and Materials, DRDO, Samir V. Kamat.
The distinguished scientist was here to deliver a talk on ‘Ease of doing business: Atmanirbhar Bharat’, organised by the Confederation of Indian Industry (CII) here on Friday.
He pointed out that as part of the opening up of the sector to the private players, the Defence Acquisition Procedure -2020 was drafted to simplify the hitherto cumbersome trial procedure and bring down the time taken in decision making.
VPT signs MoUs worth ₹58,831 crore
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The port trust enters into pacts for capacity expansion, dredging and harbour operations
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The port trust enters into pacts for capacity expansion, dredging and harbour operations
The Visakhapatnam Port Trust (VPT) on Friday several memorandum of understanding (MoUs) worth ₹58,831 crore with stakeholders, ahead of the second Maritime India Summit, scheduled to be held in the city from March 2 to 4.
An MoU was signed between the VPT and the HPCL worth ₹28,264 crore for capacity expansion.
The ArcelorMittal Nippon Steel India also entered into a pact worth ₹600 crore with the VPT for enhancing the present capacity of the AMNS pelletisation plant.
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Maritime India Summit will be organised from March 2 to 4, says VPT Chairman
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February 22, 2021 17:32 IST
‘Special session on investment opportunities in Andhra Pradesh is scheduled at 12.30 p.m, on March 3’
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‘Special session on investment opportunities in Andhra Pradesh is scheduled at 12.30 p.m, on March 3’
The Ministry of Ports, Shipping and Waterways is organising the Maritime India Summit- 2021 (MIS 2021) from March 2 to 4, in virtual mode. This was disclosed here on Monday by Viskhapatnam Port Trust Chairman K. Rama Mohan Rao, at a press meet.
Giving details of the summit, he said that it is aimed at positioning Indian maritime sector on par with international standards by attracting domestic as well as international investments. Prime Minister Narendra Modi will inaugurate the summit, in virtual mode.
DCI plans to strengthen dredging fleet February 11, 2021, by Eldin Ganic
The Dredging Corporation of India (DCI) has unveiled plans to expand and strengthen its fleet of dredgers to meet the future demands of ports in India, The Hindu reports.
At present, DCI owns 10 dredgers of different sizes and capacities. It is equipped to handle 60 million cubic metres of sand per year, while the requirement for ports that need annual dredging is close to 105 million cubic metres.
“This is likely to grow to 160 million cubic meters in the next 10 years and to meet the demand, we need to expand our fleet and enhance the capacity of the existing fleet,” said