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India is poised to become a favorite destination for global aerospace and defence sector players with total offset opportunity for the commercial segment in the country set to cross $10 billion mark in 2013.
With the government expected to raise the foreign investment limit from 26 percent to 49 percent in the defence sector in 2013, the country is likely to witness the next rush of investments, as per a recent study by Deloitte, a global consultancy firm...

The Maini Group, a key Indian defence company, has announced that it would be sharing details regarding its expansion plans at the Aero India 2013 to be held at Yelahanka air base in Bangalore from February 6 to 10.
The group has acquired industrial land in preparation for its expansion of plant facilities and is concentrating on long-term aerospace and defence strategic plans spanning the next two decades. For this purpose, it is currently in talk......

India will soon carry out a series of tests of its indigenous multi-barrel rocket system Pinaka's advanced, upgraded version.
The tests are likely to be conducted off Chandipur test range on Odisha coast off the eastern seaboard.
The Defence Research and Development Organisation (DRDO) unit, Proof and Experimental Establishment (PXE), will provide logistics support to the Indian Army personnel, who will perform the user-t......

The Indian Navy is planning to issue a bid for procuring more than 120 multirole choppers which could be world's largest tender expected to be worth around USD eight billion.
The navy had recently issued a global request for information in this regard and has plans of acquiring more than 120 Naval Multirole Helicopters (NMRH), navy sources said here....