Bharat Dynamics on Thursday announced that it has signed a Memorandum of Understanding with Tawazun Economic Council (TEC), United Arab Emirates based company for exploring new business opportunities in the field of defence.
The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.
The Indian Air Force (IAF) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Madras for technology development and finding indigenous solutions for the sustenance of various weapons systems.