India clears deal to locally produce Russian AK-203 rifles

by Rahul Bedi

India's Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, has approved the procurement of 671,000 locally produced Russian Kalashnikov AK-203 assault rifles for the Indian armed forces, it has been confirmed to Janes .

Indian Army sources said the DAC approval will enable a contract, valued at INR51.24 billion (USD690 million), to be signed with Russia during President Vladimir Putin's visit to India in early December.


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Japan adds USD6.8 billion to 2021 defence budget

by Jon Grevatt & Andrew MacDonald

Japan's defence budget for fiscal year 2021 has received a boost of USD6.8 billion. However the country's military expenditure is now forecast by Janes to decline in 2022. (Janes Defence Budgets)

The government of Japan has approved a supplementary defence budget of JPY773.8 billion (USD6.8 billion) for fiscal year (FY) 2021.

Japan's Ministry of Defense (MoD) said on 26 November that the additional expenditure is required to boost Japan Self-Defense Forces' (JSDF) capability in response to escalating security risks in the Indo-Pacific.


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India to approve plans for six-boat nuclear submarine fleet

by Rahul Bedi

India's federal government is expected to approve funding for the Indian Navy's (IN's) amended 30-year submarine building plan, first sanctioned in 1999, which will now include a programme to indigenously build six nuclear-powered attack submarines (SSNs).

Senior IN officers and industry officials have told Janes that the Cabinet Committee on Security (CCS) is expected to initially sanction approximately INR500 billion (USD6.67 billion) before mid-2022 to build three 6,000-tonne SSNs at the Ship Building Centre in Visakhapatnam.


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Australia launches defence industry agency

by Jon Grevatt

The Australian Department of Defence (DoD) launched on 26 November a new agency to support local firms' entrance and expansion in the country's defence market.

The Office of Defence Industry Support (ODIS) replaces the Centre for Defence Industry Capability (CDIC), which was established in December 2016.

ODIS advertises itself as a “one-stop shop” for small and medium-sized enterprises (SMEs) that do business with the DoD.

It said its key services include direct links between SMEs and defence procurement programmes and military end-users; identifying SMEs that can meet Australia's defence requirements; and assisting SMEs to co-operate with end-users.


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https://www.janes.com/defence-news/land-forces/latest/india-clears-deal-to-locally-produce-russian-ak-203-rifles

India's Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, has approved th...

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