India 4th Biggest Military Spender in 2018: SIPRI Report

India was the world’s fourth biggest military spender last year behind the United States, China, and Saudi Arabia, according to new data think tank Stockholm International Peace Research Institute (SIPRI) released on Monday. India was the fifth largest military spender in 2017.

GRSE To Build 8 Anti-Submarine Warfare Shallow Watercraft For Indian Navy

The Defence Ministry has awarded a contract of worth Rs 6,311 crore to Garden Reach Shipbuilders & Engineers Limited (GRSE) to build eight anti-submarine warfare shallow watercraft (ASWSWC) for the Indian Navy.

As per the agreement, the first ship is to be delivered within 42 months from the date of signing of the contract and subsequently, two ships are required to be delivered per year. The project completion time is 84 months.