Top News
|Starmer resigns as UK Prime Minister amid mounting Labour Party pressure | US, Iran War Ends with a Binding Commitment from Iran to Never Produce Nuclear Weapons | Oil Starts Flowing Freely Through Strait of Hormuz | US and Iran both Allow Movement of Oil Tanker’s | ONGC to Invest $1.5 billion to Boost India’s Oil Storage by 33 % | Qatar Amir-gifted Boeing 747 is new US Air Force Presidential Jet | Meta and Reliance to set up a huge Global Digital Hub in Jamnagar | Modi, Trump meet warmly again, this time at G7 | Modi showers praise on Trump for his Middle East peace effort | Trump says We always had Tremendous Relationship with India | Trump praises Modi, jovially calling him ‘a killer’ for his negotiating skills at G7 | Modi said Freedom of Navigation in the Strait of Hormuz is A Must | Trump expressed condolences for the Indian sailors killed in US Navy attack in the Gulf | Trump said US and Iran will sign an MoU to end their war on Friday June 19 | All the G7 Leaders supported the Peace Effort | Modi, UAE President Shaikh Mohammed agree to work together on Middle East Peace, Security and Stability | Piyush Goyal discusses expanding partnership with Prince Albert II of Monaco | Eurosatory 2026 opens in Paris with matching 2026 defence exhibitors from 68 countries | Huge display of advanced weapons for precision attacks and defense | UAE’s three Satellites are fully Operational in Low Earth orbit | NASA announces Artemis III Space mission for 2027 with Four Astronauts | It will be a ‘highly complex’ mission to test Rendezvous and Docking capabilities between spacecraft | Three Astronauts are Americans, and one Italian | They include Commander Randy Bresnik, mission Specialists Frank Rubio and Andre Douglas, and Pilot Luca Parmitano of Italy | Vice Admiral Vineet McCarty is Commander in Chief, Andaman and Nicobar Command | Maj Gen Rachel Thomas takes over as Additional Director General, Indian Military Nursing Service | Susan Elias takes over as the first Woman Principal of Delhi’s prestigious St Stephen’s College in its 145 years history | St Stephen’s has produced many of India’s top Civil and Military officers | A Boys college for long, it’s now a coveted Co-ed institution | India Strategic salutes Lt Gen Dhahi Khalfan and Dubai Police for marking 70 Years of Excellence in Public Safety | Dubai is among the Safest Cities on the World | US asks historically neutral Oman to take sides and cut ties with Iran | Moscow’s ties with New Delhi are Strong As Always, says Russian Foreign Minister Sergey Lavrov | India, Australia to sign MoU on deepening defence ties | Nvidia to introduce advanced AI chips for PCs from 2026 | Malaysia bans Social Media accounts for children under 16 | President Trump arrives in China for a high stakes Summit with President Xi Jinping | Trump says the only thing on Iran is ‘They Can’t Have A Nuclear Weapon’ | US F 35 fighter jets from amphibiius assault ship USS Tripoli continue Patrol Operations around Iran | UAE and Saudis hit Iranian oil facilities in retaliation, including the key Lavan refinery | Trump asks Iran to make a deal or be decimated | US will finish the job - of denying Iran nuclear capability - Peacefully or Otherwise | Iran parks it’s Air Force aircraft in Pakistan to escape from US strikes, reports CBS | India slams China’s military support to Pakistan during 2025 Operation Sindoor against Pali terrorists | China gave long range anti-aircraft missiles to Pakistan among other sophisticated weapons | In a global Oil Shock, UAE leaves OPEC, from May 1 | Iran declares Strait of Hormuz open for all | Oil Prices Plunge | IMF warns of Global Recession if Iran War doesn’t end | British economy worst hit with the war, says IMF | Israel and Lebanon hold talks for the first time after 1993 | They focus on removing Iran-supported ‘terrorists like Hezbollah’ | US, Iran likely to hold a second round of Peace Talks | IEA reminds the oil prices do not yet reflect the severity of the global Energy crisis | President Trump, Prime Minister Modi speak for 40 minutes over phone to discuss the Iran War | Modi says Happy to receive call from My Friend Trump and discussed the Importance of Keeping the Hormuz Open and Secure | Ambassador Sergio Gor says US and India ties are On A Strong Footing | US, Iran likely to resume talks | Israeli and Lebanese officials to meet in Washington, Hamas opposes talks | India, France review expanding strategic ties | Iran reiterates No Restrictions on Indian Ships in the Strait of Hormuz |
DEFENCE INDUSTRY

Mandatory Procurement from MSMEs for Defence Establishments

New Delhi. The government has taken several policy initiatives for promotion of Micro, Small & Medium enterprises (MSMEs) in the defence sector, including specific reservations on orders up to Rs 100 crore per year from MSMEs, parliament was informed on August 1.

Among the other measures, as enumerated by Minister of State for Defence Ajay Bhatt in a written reply in the Rajya Sabha, are:

  • An innovation ecosystem for Defence titled Innovations for Defence Excellence (iDEX) has been launched in April 2018. iDEX is aimed at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, Start-ups, Individual Innovators, R&D institutes and Academia and provide them grants/funding and support to carry out R&D which has potential for future adoption for Indian defence and aerospace needs.
  • The Defence Offset guidelines have further paved the way for proactive participation of MSMEs of India by incorporating a scheme of multipliers of 1.5 for engaging MSME as Indian Offset Partners (IOP), which promotes their integration in global supply chain.
  • MSMEs are important partners in DRDO projects and DRDO transfers technologies to them. They are important partners in industry ecosystem for the production of DRDO developed products. DRDO through its scheme Technology Development Scheme (TDF) funds industries, especially Start-ups and MSMEs up to an amount of Rs 10 crore, for innovation, research and development of Defence Technologies in the field of Defence and Aerospace.
  • Public Procurement Policy for MSEs Order 2012, notified by Ministry of Micro, Small & Medium Enterprises has also been adopted by all Defence PSUs.
  • Department of Defence Production (DDP) conducts outreach programs in various parts of the country to interact with Industry Associations, Industry, especially MSMEs and academia, to spread awareness about the potential export opportunities. A scheme aimed to promote MSMEs in defence is in place. Under this scheme, conclaves/seminars are being organized in Tier-II and Tier-III cities across the country having strong industrial MSMEs presence with the support of the DDP.
  • Regular interactions are taking place to settle the grievance of vendors at DPSUs. Defence Investor Cell has been opened in DDP to address the issues being faced by vendors especially MSME vendors.

“Further, 137 contracts have been signed for capital procurement of defence equipment with Indian vendors including MSMEs. No separate data for MSMEs is centrally maintained in this regard,” Bhatt said.

Related Articles

Back to top button