vietexplorer0016

The Ministry of Defence has released a list of 346 strategically important items with an estimated import substitution value of Rs 1,048 crore. This list, known as the Positive Indigenisation List (PIL), outlines items that will henceforth only be procured from Indian industries, fostering self-reliance in defence production. This initiative is in line with Prime Minister Narendra Modi’s vision of ‘Aatmanirbhar Bharat’ and is supported by the SRIJAN PORTAL, launched in 2020, which facilitates the indigenisation process by connecting defence industries with Micro, Small, and Medium Enterprises (MSMEs) and start-ups. The latest PIL, the fifth in the series, includes items such as Line Replacement Units, Systems, Sub-systems, Assemblies, and raw materials. The Defence Public Sector Undertakings (DPSUs) will indigenise these items through various routes, including the ‘Make’ procedure and in-house development with industry partners, stimulating economic growth and reducing impo...

                                           The signing is a significant step in expanding VinFast’s distribution network in the Indonesian market and enhancing its global brand recognition and competitiveness. The first VinFast dealers in Indonesia include BAM, GCC, and GSU, with headquarters in Jakarta; MCA, based in Medan; and Majesty, headquartered in Batam. These agreements will assist VinFast in rapidly establishing its brand presence and connecting with local customers. Indonesian dealers are expected to begin selling the VF 5, VF e34, VF 6, and VF 7 models later this year following their official launches in the market. Pricing and sales details, including order times and after-sales policies, will be officially announced in the first half of 2024. Tran Quoc Huy, CEO of VinFast...