Modi ministry

India approves new defense policy to boost local companies

India's cabinet on May 24 approved a long-awaited policy to boost local manufacturing of high-tech defense equipment and cut down reliance on expensive imports.

Under the new Strategic Partnership model, the government will pick Indian companies to tie up with foreign organizations to manufacture fighter jets, armored vehicles, helicopters and submarines locally.

India Ready To Dispatch Flotilla Of Warships To Persian Gulf

The lifting of nuclear-related sanctions on Iran by the US and other Western powers has opened up new horizons for India. For the last few months, India has been trying hard to boost its ties with Iran, Saudi Arabia, the UAE and other countries in West Asia in an attempt to stamp its authority in the Indian Ocean (which currently bears only its name).