HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU
11 months, 1 week ago

HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU

Live Mint  

Outlook 2024: The Defence sector companies riding the wave of strong growth led by favorable government policies on “Make in India” and "Atmanirbhar Bharat" initiative have seen strong gains in their share prices during 2023. With defence production and exports expected to reach all-time high levels in FY24, the sector is all set to experience an equally strong FY25. Here are four fundamental reasons why Antique Stock Broking expects more gains Defence Acquisition Council has cleared Acceptance of Necessity for projects worth ₹3.5 trillion in CY23- To enhance the operational preparedness of the armed forces, DAC has approved AoN worth ₹3.5 trillion as against ₹2.6 trillion in FY23 leading to 35% YoY growth. MoD has placed multiple large ticket orders with defence PSUs which has helped Defence public sector undertakings like Hindustan Aeronautics, Bharat electronic, Bharat Dynamics to further bolster their already strong order book and meaningfully increase revenue visibility for years to come.

India Strong Fy24 Dac Defence Production Defence Psu  strong  outlook  production  defence  psu  firm  fundamental  bharat  hal  fy23  bel  india  trillion  expected  bdl  fy24  factors  exports  2024

History of this topic

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore
2 weeks, 5 days ago

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore

Live Mint  

Defence stocks including Garden Reach Shipbuilders, Hindustan Aeronautics, Paras Defence, Cochin Shipyard, among others rallied up to 6% on Wednesday, after the government approved five capital acquisition proposals worth ₹21,772 crore to improve the country’s defence preparedness. Garden Reach Shipbuilders & Engineers share price led the rally with gains of 6.2%, Paras Defence and Space Technologies shares surged as much …

India's Defence Production Hits ₹1.27 Lakh Cr
2 months, 4 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

India has made strides to further self-reliance in defence, exporting weapons too: PM
4 months, 1 week ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

India has made strides to further self-reliance in defence: Modi
4 months, 1 week ago

India has made strides to further self-reliance in defence: Modi

Hindustan Times  

New Delhi: In his 98-minute Independence Day speech delivered on Thursday morning from the Red Fort, Prime Minister Narendra Modi captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. Prime Minister Narendra Modi addressed the nation …

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi
4 months, 1 week ago

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi

New Indian Express  

India is attaining ‘Aatmanirbharta’ in defence and is emerging as a global manufacturing hub due to the steps taken by the Government in the last few years. He lauded the Ministry of Defence and the Armed Forces for taking a series of decisions, including the notification of a number of positive indigenisation lists, wherein there are over 5,600 items that …

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials
4 months, 1 week ago

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials

Hindustan Times  

New Delhi: India is on course to achieve its defence export target of Rs.50,000 crore in the next five years, defence ministry officials said on Sunday, citing export data shared by the government for the first quarter of financial year 2024-25. Akash missile is developed by the DRDO and produced by Bharat Dynamics Limited The data shared a day earlier …

At ₹1.27 lakh crore, India’s defence production hits a new high
5 months, 2 weeks ago

At ₹1.27 lakh crore, India’s defence production hits a new high

Hindustan Times  

NEW DELHI: India recorded the highest ever growth in the value of local defence production in the financial year 2023-24 on the back of enabling policy measures, with the figure reaching almost ₹1.27 lakh crore, defence minister Rajnath Singh announced on Friday. Defence minister Rajnath Singh said the value of production has reached ₹ 1,26,887 crore in 2023-24, 16.8% higher …

Defence Production Hits Record High of Nearly Rs 1.27 Lakh Crore in 2023-24: MoD
5 months, 2 weeks ago

Defence Production Hits Record High of Nearly Rs 1.27 Lakh Crore in 2023-24: MoD

News 18  

India’s annual defence production has hit a record high of approximately Rs 1.27 lakh crore in 2023-24, with the Make in India programme crossing new milestones, Defence Minister Rajnath Singh said on Friday. “The Ministry of Defence has achieved the highest-ever growth in indigenous defence production in value terms during financial year 2023-24, on the back of successful implementation of …

Big boost for defence sector as production goes up by 16%, highest-ever growth
5 months, 2 weeks ago

Big boost for defence sector as production goes up by 16%, highest-ever growth

India TV News  

Defence Minister Rajnath Singh on Friday said the country has registered the highest-ever growth in the value of defence production in 2023-24, and that the Make in India programme is crossing new milestones. In a release, M0D said, "Ministry of Defence has achieved the highest-ever growth in indigenous defence production in value terms during Financial Year 2023-24, on the back …

Rajnath Singh says India registered highest ever growth in value of defence production in 2023-24
5 months, 2 weeks ago

Rajnath Singh says India registered highest ever growth in value of defence production in 2023-24

The Hindu  

The country recorded its highest-ever growth in indigenous defence production in value terms during Financial Year 2023-24, the defence ministry announced on Friday. As per the data received from all Defence Public Sector undertakings, other PSUs manufacturing defence items and private companies, the value of defence production in the country has gone up to a record-high figure of ₹1,26,887 crore, …

India records growth in defence production
5 months, 2 weeks ago

India records growth in defence production

Deccan Chronicle  

New Delhi: India’s indigenous defence production achieved the highest-ever growth in value terms during Financial Year 2023-24 on back of Modi government's ‘Aatmanirbharta’ campaign. The value of defence production in the country has gone up to a record-high figure of Rs 1,26,887 crore, reflecting a year on year growth of 16.7 per cent. Prime Minister Narendra Modi said that government …

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism
6 months, 1 week ago

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism

Live Mint  

Defence stocks surged as government reaffirms focus on sector. Shipbuilding companies Defence stocks surged sharply in today's trade, with some gaining up to 20% intraday, as the government's strong focus on the sector remains unwavering. {{^adFree}} {{/adFree}} Rajnath Singh, who assumed office as Defence Minister, announced that the government aims to boost defence sector exports to ₹50,000 crore over the …

Diplomacy with a defence angle
8 months, 1 week ago

Diplomacy with a defence angle

Hindustan Times  

New Delhi’s move to appoint defence attachés in several foreign missions is of a piece with India’s rising economic clout and its self-perception as a leader of the Global South. A third factor that provides context to the decision is India’s focus on self-reliance in defence production, which is focussed not only on restricting imports but also on exporting Indian …

India’s defence exports crossed all-time high of ₹21,000 crore: Rajnath
8 months, 3 weeks ago

India’s defence exports crossed all-time high of ₹21,000 crore: Rajnath

The Hindu  

India’s defence exports crossed ₹21,000 crore, approximately $2.63 billion, for the first time, Defence Minister Rajnath Singh announced on April 1. “Delighted to inform everyone that the Indian defence exports have scaled to unprecedented heights and crossed ₹21000 crore mark for the first time in the history of Independent India!,” Mr. Singh said on X. “India’s defence exports have reached …

India’s defence exports cross ₹21,000 crore mark
8 months, 3 weeks ago

India’s defence exports cross ₹21,000 crore mark

Hindustan Times  

New Delhi: India’s defence exports grew 32.5% this fiscal and crossed the ₹21,000-crore mark for the first time as the country remains focussed on boosting the indigenous defence manufacturing ecosystem as well as military exports, the defence ministry said on Monday. “Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed ₹21,000 crore mark …

What should India do to achieve ₹50,000 crore defence export target in 5 years?
9 months, 2 weeks ago

What should India do to achieve ₹50,000 crore defence export target in 5 years?

The Hindu  

In a recent speech, Defence Minister Rajnath Singh estimated exports in the sector at ₹50,000 crore five years from now. As we noted at the beginning, a thriving domestic industry would give a country the flexibility to use production lines to ramp up defence output when needed. South Korea, a much smaller nation, accounted for 2.4% of global exports for …

Indian Defence exports breach Rs 16000 crore mark to reach an all time high
1 year, 3 months ago

Indian Defence exports breach Rs 16000 crore mark to reach an all time high

Op India  

Looking to expand the Make in India in defence sector, India’s defence exports have skyrocketed to an all-time high, touching nearly the Rs 16,000 cr mark in FY 2022-23, Defence Ministry said on Friday. “With a 23-fold increase in exports, Indian design and development capabilities are reaching over 85 countries,” the Defence Ministry announced. The Indian indigenous defence industry has …

Karnataka sets defence exports target of ₹25,000 crore by 2025
1 year, 3 months ago

Karnataka sets defence exports target of ₹25,000 crore by 2025

The Hindu  

Karnataka has set an ambitious target to nearly double its defence exports to ₹25,000 crore by 2025, said Large and Medium Industries Minister M.B. Speaking at the 36th National Convention of Aerospace Engineers and National Seminar on “SPACE - Boundless Opportunities”, hosted by the Karnataka State Centre of the Institution of Engineers, he said the State was also aiming to …

India's Defence Journey: From Importer to Export Powerhouse
1 year, 4 months ago

India's Defence Journey: From Importer to Export Powerhouse

News 18  

India’s defence manufacturing sector has witnessed a remarkable transformation in recent years, with a strategic shift from being a major importer to a budding exporter. India will soon be the world’s largest defence manufacturing base.” Pro-active policy Under the Modi government, there have been active measures taken to drive indigenisation and promote exports, while reducing defence imports. Major export destinations …

Self-reliance is a necessity amid double border threat: Rajnath Singh
1 year, 6 months ago

Self-reliance is a necessity amid double border threat: Rajnath Singh

The Hindu  

Highlighting steps taken by the Union government to create a robust defence ecosystem, which not only caters to domestic security needs but also fulfills the requirements of friendly countries, Defence Minister Rajnath Singh on Saturday in Lucknow said self-reliance is not an option but a necessity, as India is facing a double threat on its borders, along with new dimensions …

India on fast track to attain 'atmanirbharata' in defence sector
1 year, 6 months ago

India on fast track to attain 'atmanirbharata' in defence sector

Firstpost  

The ‘Atmanirbhar Bharat’ initiative of the Indian government seems to have achieved a significant milestone with India’s defence exports reaching an all-time high during the financial year 2022-23. According to Sweden-based think tank Stockholm International Peace Research Institute, defence imports by India fell by 11% during the five-year period between FY 2013–17 and FY 2018–22. With an 11% share of …

Defence production crosses ₹1 lakh crore for first time
1 year, 7 months ago

Defence production crosses ₹1 lakh crore for first time

The Hindu  

The value of defence production in Financial Year 2022-23 has crossed the figure of ₹1 lakh crore for the first time ever, according to the Defence Ministry. “The value currently stands ₹1,06,800 crore and it will go further up once the data is received from the remaining private defence industries,” a Defence Ministry statement said. “The current value of defence …

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector
1 year, 8 months ago

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector

ABP News  

India achieved a record Rs 16,000 crore worth of defence equipment exports last financial year. India continues to be an attractive selling destination, and as revealed by Defence Minister Rajnath Singh, the Indian defence sector has emerged as a major demand creator. Indian defence research entities have devoted lot of their energy and time, and has been able to equip …

Defence exports log tenfold jump since 2016, nearly ₹16k-cr
1 year, 8 months ago

Defence exports log tenfold jump since 2016, nearly ₹16k-cr

Hindustan Times  

Making its presence felt in the highly competitive global defence market, India exported military hardware worth ₹15,920 crore in financial year 2022-23, the highest ever and a notable tenfold increase since 2016-17, with Prime Minister Narendra Modi on Saturday attributing the surge to enthusiasm for Make in India, and key reforms to spur growth in the sector. In a massive …

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23
1 year, 8 months ago

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23

India Today  

India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-23, over a 10-times increase since 2016-17. The rising defence exports and participation of 104 countries in Aero India 2023 are proof of India’s growing defence manufacturing capabilities. A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the …

India exported military hardware worth ₹13,399 crore in current fiscal: MoS Defence
1 year, 9 months ago

India exported military hardware worth ₹13,399 crore in current fiscal: MoS Defence

The Hindu  

India exported military hardware worth ₹13,399 crore till March 6 in the current fiscal, a significant increase from just ₹4,682 crore in 2017-18, according to official data. Mr. Bhatt said the total defence exports in 2021-22 stood at ₹12,815 crore while it was ₹8,435 crore in 2020-21, ₹9,116 crore in 2019-20 and ₹ 10,746 crore in 2018-19. The Minister said …

DC Edit | 75% domestic purchasing of defence gear laudable target
1 year, 10 months ago

DC Edit | 75% domestic purchasing of defence gear laudable target

Deccan Chronicle  

For far too long, we Indians had felt that, just like for petroleum, we, as a country, would also remain an importer of defence equipment. It was really an audacious vision to believe that defence procurement could be linked to the political philosophy of the government, best expressed through “Atma Nirbhar Bharat” and Make in India, reduce our dollar outflow …

Defence industry one of key drivers of India's growth, says Defence Minister Rajnath Singh
1 year, 10 months ago

Defence industry one of key drivers of India's growth, says Defence Minister Rajnath Singh

Firstpost  

The Defence Minister has called upon Indian and global industry leaders to support the government’s endeavour to design, develop and manufacture cutting-edge products, using critical technologies within the country to attain complete ‘Aatmanirbharta’ in defence. Bengaluru: India will become 3rd largest economy in the world in the next 5 years, Defence Minister Rajnath Singh said on Monday, adding that the …

Upcoming budget to accelerate Make in India momentum in defence sector
1 year, 10 months ago

Upcoming budget to accelerate Make in India momentum in defence sector

India TV News  

With the Union Budget for 2023 set to be announced soon, there is a lot of anticipation about whether it will provide the necessary impetus to speed up the momentum for Make in India in defence. BUDGET 2023: FULL COVERAGE One of the main challenges facing the defence sector in India is the lack of a robust domestic defence industry. …

India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher
2 years ago

India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher

News 18  

India has achieved defence exports over Rs 7,000 crore till November 1 so far, and is looking at reaching a target upwards of Rs 15,000 crore by the end of this fiscal, showed official data accessed by News18. According to the data, India exported defence items worth Rs 7,034.84 crore till November 1 this year. Significant export orders India has …

How India’s Defence Indigenisation Can Be the Backbone for Strong, Assertive Foreign Policy
2 years, 3 months ago

How India’s Defence Indigenisation Can Be the Backbone for Strong, Assertive Foreign Policy

News 18  

On September 2, 2022, the Indian Navy, in the presence of Prime Minister Narendra Modi, commissioned INS Vikrant, the first indigenous aircraft carrier built at the cost of Rs 23,000 crore. The Modi government implemented it and increased drastically after the Defence Acquisition Procedure 2020, following the unprecedented situations like the Covid-19 pandemic and the Galwan clashes, which resulted in …

Domestic procurement of defence equipment sees upward trend: Govt to Lok Sabha
2 years, 4 months ago

Domestic procurement of defence equipment sees upward trend: Govt to Lok Sabha

Hindustan Times  

The domestic procurement of defence equipment has seen an upward curve over the past three years, from 54% in 2018-19 to 64% in 2020-21, Union minister of state for defence Ajay Bhatt told the Lok Sabha on Friday, with this year’s target being 68%. Union minister of state for defence Ajay Bhatt speaks in the Lok Sabha during the ongoing …

India witnessing transitional phase towards self-reliance in defence sector: Rajnath Singh
2 years, 5 months ago

India witnessing transitional phase towards self-reliance in defence sector: Rajnath Singh

Firstpost  

He said the defence ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which includes export of Rs 35,000 crore New Delhi: India is witnessing a transitional phase towards self-reliance in defence sector and senior officials of defence PSUs should work together to ensure that their companies are among world’s best, Defence Minister Rajnath …

Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets
2 years, 7 months ago

Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets

News 18  

The chatter lately around India’s arms exports, which has grown louder after India clinched an impressive $375 million BrahMos Supersonic Cruise Missile deal with Philippines, drove me to the thick official data available on the subject. India exports Personal Protective Equipment, Offshore Patrol Vessels, ALH Helicopter, SU Avionics, Bharati Radio, Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Spares …

Sanjaya Baru | More ‘bang for the buck’ in defence: New thinking vital
2 years, 10 months ago

Sanjaya Baru | More ‘bang for the buck’ in defence: New thinking vital

Deccan Chronicle  

Public discussion on the Union Budget quite understandably focuses on government spending in a range of areas that directly impact people’s lives like infrastructure, agriculture and rural development, education, health care, social welfare and so on. This year’s Budget papers show that total budgeted spending on defence as a percentage share of total Central government expenditure remains unchanged at around …

Union Budget 2022 | Marginal hike in defence budget, emphasis on Make in India
2 years, 10 months ago

Union Budget 2022 | Marginal hike in defence budget, emphasis on Make in India

The Hindu  

In a further push for Make in India in defence,the Union government on Tuesday announced additional measures to boost domestic manufacturing and reduce imports. Of the ₹5.25 lakh crore for defence this year, the revenue allocation is ₹2.33 lakh crore, capital allocation ₹1.52 lakh crore and defence pensions ₹1.19 lakh crore. Within this, of the ₹1.52 lakh crore capital allocation …

India Could Axe Pending Defence Buys from Abroad as In-Principle Call to Stop All Imports Triggers Massive Review
2 years, 11 months ago

India Could Axe Pending Defence Buys from Abroad as In-Principle Call to Stop All Imports Triggers Massive Review

News 18  

The Defence Ministry has been carrying out a massive review since the last month of all its ongoing and planned global procurement cases, after an in-principle call to stop further import of defence equipment was taken in an internal meeting in December chaired by Defence Secretary Ajay Kumar, News18.com has learnt. “Additionally, all ongoing foreign procurement cases are also being …

Defence, aerospace manufacturing sector will surge to ₹1 lakh cr in 2022: Rajnath Singh
3 years ago

Defence, aerospace manufacturing sector will surge to ₹1 lakh cr in 2022: Rajnath Singh

Live Mint  

Defence Minister Rajnath Singh on Saturday said that India's defence and aerospace manufacturing sector will escalate to ₹1 lakh crore in 2022. The current budget for the defence and aerospace manufacturing sector is ₹85000 crore. The contribution of the private sector in India's defence and aerospace manufacturing will rise to over Rs1 lakh crore by 2047 from around Rs18,000 crore …

The growth of India’s defence exports
3 years ago

The growth of India’s defence exports

The Hindu  

The story so far: India’s defence exports have increased from ₹1,521 crore in 2016-17 to ₹8,434.84 crore in 2020-21. While giving out the value of defence exports, Minister of State for Defence Ajay Bhatt said in a written reply to the Rajya Sabha earlier this week, “Further, the names of the major defence items exported cannot be divulged due to …

India seeks to create $5 billion worth of defence equipment by 2025, says DRDO
3 years, 3 months ago

India seeks to create $5 billion worth of defence equipment by 2025, says DRDO

Firstpost  

The aim is to fight the next war with Indian weapons, said DRDO Director General Hari Babu Srivastava Noida: The Union government has an ambition to create $5 billion worth of defence equipment by 2025, a senior DRDO official said, emphasising on the need for developing an ecosystem for defence research in the country. To realise this ambition, the government …

Defence Industrial Corridor: UP Govt completes lease deed in Aligarh
3 years, 5 months ago

Defence Industrial Corridor: UP Govt completes lease deed in Aligarh

Op India  

In what can be seen as a major accomplishment, the Aligarh district in Uttar Pradesh has taken a steady lead, going on to become the first out of the 6 nodes or centres to get its first lease deed done in the Uttar Pradesh Defence Industrial Corridor project. The Uttar Pradesh Expressways Industrial Development Authority, the state government-run nodal agency …

India committed to enhancing defence manufacturing capabilities, says Narendra Modi
3 years, 10 months ago

India committed to enhancing defence manufacturing capabilities, says Narendra Modi

Firstpost  

Addressing a webinar on the effective implementation of the Union Budget’s provisions in the defence sector, the PM urged the private sector to take up both designing and manufacturing of defence equipment New Delhi: India is working hard to enhance its capabilities and capacities in the defence-manufacturing sector at a fast pace, Prime Minister Narendra Modi said on Monday, noting …

PM Modi calls for 'atmanirbharta' in defence sector, sets stage for 'desi' weapons
3 years, 10 months ago

PM Modi calls for 'atmanirbharta' in defence sector, sets stage for 'desi' weapons

India Today  

Prime Minister Narendra Modi on Monday spoke about the need to make India’s defence sector more self-reliant while addressing at a webinar on effective implementation of Union Budget provisions in the defence sector. Listing measures the government has taken to make the defence sector self-reliant, PM Modi said the Centre has introduced strong reforms such as de-licensing, de-regulation, promoted exports …

Defence Ministry gives clearance for purchase of Indian-made military equipment worth Rs 27,000 crore
4 years ago

Defence Ministry gives clearance for purchase of Indian-made military equipment worth Rs 27,000 crore

India Today  

Indigenously designed air surveillance platforms, patrol vessels for the Navy and modular bridges for the Army are among the approvals for procuring defence equipment from domestic manufacturers worth Rs. In a big boost to 'Make in India,' the Defence Acquisition Council headed by Defence Minister Rajnath Singh has given the go-ahead to the procurement of equipment worth Rs 28,000 which …

Military Hardware Worth Rs 1.4 Lakh Crore Bought in 10 Years from New Negative Import List: Govt
4 years, 3 months ago

Military Hardware Worth Rs 1.4 Lakh Crore Bought in 10 Years from New Negative Import List: Govt

News 18  

Military hardware worth Rs 1.4 lakh crore was bought in the last 10 years from among the items recently identified under the ‘negative import list’ by the defence ministry, the government said on Monday. “Items worth Rs 1.4 lakh crore have been bought from the items listed in the Negative Import List during the last 10 years, which includes both …

Want to Achieve Goal of 'Make for World' in Defence Sector: Rajnath Singh
4 years, 3 months ago

Want to Achieve Goal of 'Make for World' in Defence Sector: Rajnath Singh

News 18  

Numerous initiatives to promote domestic defence industry are not only aimed at making India self-reliant in production of military hardware and systems but also to progressively supply them to the entire world, Defence Minister Rajnath Singh said on Thursday. In an address to top executives of leading defence firms, Singh said it is important that India's military power is based …

India's Self-reliance in Defence Sector to Boost Its Global Standing: PM Modi
4 years, 3 months ago

India's Self-reliance in Defence Sector to Boost Its Global Standing: PM Modi

News 18  

Prime Minister Narendra Modi said on Thursday that his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace, and also for helping the world economy become more stable. Speaking at a defence industry outreach seminar, Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider …

Govt to Roll Out Steps to Attract Investment in Defence Manufacturing: Rajnath Singh
4 years, 4 months ago

Govt to Roll Out Steps to Attract Investment in Defence Manufacturing: Rajnath Singh

News 18  

Defence Minister Rajnath Singh on Monday said the government will unveil more steps to attract investment in defence manufacturing so that India can produce world-class military platforms and weapons systems. Singh announced on Sunday that India will stop import of 101 military systems and weapons like transport aircraft, light combat helicopters, conventional submarines and cruise missiles by 2024 to promote …

Defence stocks soar as govt restricts import of 101 items in phases
4 years, 4 months ago

Defence stocks soar as govt restricts import of 101 items in phases

Live Mint  

Investors are lapping up defence-related stocks as ministry of defence has identified 101 specific weapons, platforms, equipment, imports of which will be restricted in a phased manner over the next five years. Stocks like Bharat Electronics Ltd, Bharat Dynamics Ltd, Hindustan Aeronautics Ltd, Apollo Micro Systems Ltd, Reliance Naval and Engineering rallied 4-12% in early trade on Monday. According to …

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