Ajay Kumar

This bureaucrat-turned-startup investor bets on Vasudhaiva Kutumbakam to see defence tech exports surge

In an interview, retired IAS officer and now a startup investor, Ajay Kumar, talks about the kind of defence tech startups he wants to back, India's export opportunity in the sector, raising capital from domestic investors, and more

India now developing own defence production technologies, says Ex-defence secretary

He said earlier domestic companies mostly relied on licensed technology transfer from foreign OEMs (Original Equipment Manufacturer) for producing certain goods.

India could axe pending defence buys from abroad as in-principle call to stop all imports triggers massive review

There are also plans to amend the Defence Acquisition Procedure (DAP) in the future to ensure that foreign procurements are initiated only in the rarest of instances, that too after getting special exemption from the DAC.

India's defence export may cross Rs 10,000 cr by end of FY19: Ajay Kumar

"Indian industry has been doubling the defence exports in the last three years. Three years back, total defence export from India was only about Rs 1,500 crore. Last year, the figure reached Rs 4,500 crore. This year, by November, we have done Rs 7,500 crore export, and by March we are going to cross Rs 10,000 crore," Kumar said.

Empanelment of digital locker service providers by FY17-end

Stating that the empanelment or licensing of private digital locker service providers is likely to take place by the end of the financial year, he said, adding that the role of these service providers is to "establish digital lockers".

Indian tech sector to be $1 trn opportunity by 2023: Official

"The technology sector is going to be USD 1 trillion opportunity in the next 5-7 years. You have around USD 400 billion of hardware, around USD 350 billion of IT, ITes and e-commerce and another USD 250 billion of telecommunications and IoT," Deity Additional Secretary Ajay Kumar said at IESA Vision Summit.

Rs 90k cr investment proposals for electronic manufacturing

Government has received investment proposals totalling Rs 90,000 crore in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms.

Need to work on PPP model to improve health care: JP Nadda

Calling for overall improvement in teaching and training of doctors as well as para-medics, he said there is a huge scope for participation of private players in the health sector and government would welcome PPP projects.

Govt gets proposals worth Rs 1.10 lakh crore under MSIPS

"Investment proposals worth Rs 1,10,000 crore have been received in the electronics sector in the last one year," Additional Secretary, Ministry of Communications and Information Technology, Ajay Kumar said.

Govt gets Rs 1,770cr investment offer for telecom products

The government has received a Rs 1,770-crore investment proposal from a domestic company for the manufacturing of telecom products.

Pals of Dhoni recall salad days with the Captain

Apart from sharing their last names, Ajay Kumar, Rakesh Kumar and Satish Kumar have also two more things in common - all played with Mahendra Singh Dhoni in the local cricket league and are now working journalists in the Team India captain's home town of Ranchi.