India records growth in defence production
8 months, 3 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 is committed to establish India as a leading global defence manufacturing hub. The defence exports touched a record-high of `21,083 crore in FY 2023-24, reflecting a growth of 32.5 per cent over the last fiscal when the figure was Rs 15,920 crore.

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Indias exports are bound to grow despite global uncertainties: DGFT
2 days, 20 hours ago

Indias exports are bound to grow despite global uncertainties: DGFT

Live Mint  

New Delhi, Mar 26 India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. Sarangi said that in the current year, …

Indian defence production hit Rs 1.27 lakh crore in 2023-24, exports crossed Rs 21,000 crore
3 days ago

Indian defence production hit Rs 1.27 lakh crore in 2023-24, exports crossed Rs 21,000 crore

Firstpost  

Between 2014-15 and 2023-24, India’s defence production rose from Rs 46.2 thousand crore to Rs 1.27 lakh crore and exports rose from Rs 686 crore in 2013-14 to Rs 21,083 crore in 2023-24, according to the Ministry of Defence Indian Army's T-90 Bhishma tanks drive during the Republic Day parade in New Delhi, India. India’s defence production hit record high …

Exports rise 30 times, 'Made in Bihar' boots used by Russia: Defence report
4 days, 6 hours ago

Exports rise 30 times, 'Made in Bihar' boots used by Russia: Defence report

India Today  

India's defence production surged to a record high of Rs 1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative. According to a report by the Ministry of Defence, defence exports have also hit a record Rs 21,083 crore in FY 2023-24, expanding 30 times in a decade, with equipment being …

How policy shift towards self-reliance is boosting India’s economic growth?
1 week, 1 day ago

How policy shift towards self-reliance is boosting India’s economic growth?

The Hindu  

Over the years, India’s GDP has consistently grown, reaching $4.15 trillion, surpassing economies such as Canada, Russia, Italy, France, and the United Kingdom. One of the key factors driving India’s economic expansion is its rapid industrialisation and policy shifts toward self-reliance. Infrastructure development Infrastructure is a fundamental pillar of India’s development strategy, serving as the backbone of its economic growth …

India's defence sector poised for significant growth amid global shifts: Report
2 weeks ago

India's defence sector poised for significant growth amid global shifts: Report

Deccan Chronicle  

New Delhi: India’s defence exports are set to gain momentum as European nations ramp up spending to reduce their reliance on the United States for security. A report by brokerage firm Nuvama highlights that Europe’s limited manufacturing capacity and workforce shortages are creating opportunities for Indian defence manufacturers. India’s defence exports reached a record ₹21,083 crore in FY 2023-24, marking …

India’s defence sector: China’s rise, West’s stagnation demand radical reforms
2 weeks, 3 days ago

India’s defence sector: China’s rise, West’s stagnation demand radical reforms

Firstpost  

India’s defence-industrial model needs structural reform in the face of emerging threats and the latent potential The French Dassault Rafale aircraft is an integral part of India's fighter jet fleet. Urgent Need for Structural Reform India must move beyond its current trajectory and embrace an innovation-driven, agile, and commercially integrated defence industrial base. India must ensure effective utilisation of its …

Copycat fighters: What Sipri report doesn't tell about China's defence manufacturing sector
2 weeks, 4 days ago

Copycat fighters: What Sipri report doesn't tell about China's defence manufacturing sector

Firstpost  

While Sipri highlights China’s rise in defence manufacturing, it remains conspicuously silent on Beijing’s rampant reverse engineering of foreign military technology, whereas India’s Atmanirbhar Bharat initiative, though slower, upholds ethical self-reliance in defence production. According to the Stockholm International Peace Research Institute, India remains the world’s second-largest arms importer, while China has significantly cut down its dependence on foreign weapons. …

India achieves 88% self-sufficiency in ammunition production: Defence Minister
1 month ago

India achieves 88% self-sufficiency in ammunition production: Defence Minister

India Today  

Union Defence Minister Rajnath Singh on Monday said that India’s defence exports have reached Rs 23,000 crore in 2023-24 and the country has achieved 88 per cent self-sufficiency in ammunition production. Rajnath Singh was attending the 16th Foundation Day of IIT Mandi where he encouraged increased technological progress in AI warfare, cybersecurity, native AI chip manufacturing, and quantum technology to …

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath
1 month ago

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath

The Hindu  

The Union Defence Minister Rajnath Singh on Monday said India had achieved 88% self-sufficiency in ammunition production, and defence exports had reached about ₹23,000 crore in 2023-24. “Our goal is to reach ₹50,000 crore in defence exports by 2029,” Mr. Singh said. He called on IIT Mandi’s students to contribute to this vision by focusing on technological solutions that would …

Kerala must launch it’s own satellites; aerospace, aviation, defence can grow to $30 billion industry
1 month ago

Kerala must launch it’s own satellites; aerospace, aviation, defence can grow to $30 billion industry

The Hindu  

Kerala’s defence, aviation, and aerospace industry has the prospects of growing to a $30 billion industry by 2047, according to speakers at the Invest Kerala Global Summit here on Saturday. The growth of these industries to achieve the target is aided by the already increasing cooperation between the defence research institutions in the country and institutions like Keltron, HMT unit …

Guarded optimism in India as Trump and Modi outline plans to deepen defense partnership
1 month, 2 weeks ago

Guarded optimism in India as Trump and Modi outline plans to deepen defense partnership

Associated Press  

SRINAGAR, India — There was guarded optimism among military experts in India as Prime Minister Narendra Modi and U.S. President Donald Trump outlined plans to ramp up sales of defense systems to New Delhi, including F-35 stealth fighter jets, to deepen the U.S.-India strategic relationship. “Defense sector is a big money, and India happens to be one of the top …

Defence, trade, tech: Full statement of India-US joint media briefing
1 month, 2 weeks ago

Defence, trade, tech: Full statement of India-US joint media briefing

India Today  

Prime Minister Narendra Modi was on a two-day official visit to the US. Finally, the leaders committed to break new ground to support and sustain the overseas deployments of the US and Indian militaries in the Indo-Pacific, including enhanced logistics and intelligence sharing, as well as arrangements to improve force mobility for joint humanitarian and disaster relief operations along with …

GIM: Top global firms speak on scaling up sourcing from India in aerospace and defence
1 month, 2 weeks ago

GIM: Top global firms speak on scaling up sourcing from India in aerospace and defence

The Hindu  

Top global aerospace and defence companies that are currently participating at the four-day Global Investors’ Meet: Invest Karnataka 2025, expressed their keenness to scale up their product, equipment, and services sourcing from Karnataka and India. According to the Aerospace India Association, despite a quantum growth in the global aviation market, India’s current aerospace exports are worth as little as $2 …

Self-reliance push drives Indian defence industry: Rajnath Singh
1 month, 2 weeks ago

Self-reliance push drives Indian defence industry: Rajnath Singh

The Hindu  

Stating that the Indian defence ecosystem is driven by policies of self-reliance in defence production, facilitated by a conducive policy regime, Defence Minister Rajnath Singh on Monday asked Chief Executive Officers of global defence companies to utilise the opportunities offered by the domestic defence ecosystem. Listing out measures taken in this regard, he said the portal, Defence Exim, had made …

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal
1 month, 2 weeks ago

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal

ABP News  

Aero India 2025: Exports of defence items from India is expected to surpass Rs 30,000 crore in the current financial year of 2025-26, from Rs 21,000 crore at present, even as the country has taken steps to develop advanced defence platforms from fighter planes to missiles, according to Defence Minister Rajnath Singh. https://t.co/kVP3Zx2IHp — Rajnath Singh February 9, 2025 OPINION …

Defence ministry inks ₹10,000 crore deals to boost army’s firepower
1 month, 3 weeks ago

Defence ministry inks ₹10,000 crore deals to boost army’s firepower

Hindustan Times  

NEW DELHI: The defence ministry has signed two contracts worth ₹10,147 crore to buy ammunition for the army’s indigenous Pinaka multi-launcher rocket system, in the latest boost for self-reliance in the defence manufacturing sector, it said on Thursday. The contracts were signed with Nagpur-based private firm Economic Explosives Limited and Pune-based Munitions India Limited for area denial munition and enhanced …

Bharat Electronics is riding the defence boom. But is it a long-term bet?
1 month, 3 weeks ago

Bharat Electronics is riding the defence boom. But is it a long-term bet?

Live Mint  

Bharat Electronics Ltd, India’s premier defence electronics manufacturer, has been on an impressive growth trajectory, captivating investor attention with its stellar financial performance and robust order book. Beyond defence While BEL’s primary focus remains on defence, the company is actively diversifying into non-defence verticals, aiming to reduce dependence on government contracts and tap into high-growth sectors. According to projections by …

Advanced technology transformed defence exports: DRDO top scientist
1 month, 3 weeks ago

Advanced technology transformed defence exports: DRDO top scientist

New Indian Express  

ROURKELA: Distinguished scientist and DG, Electronics & Communication Systems of Defence Research & Development Organisation Dr Binay Kumar Das on Wednesday outlined the need for mastering latest technologies to take India to the global top. Advanced technologies have already transformed country’s defence exports eight times in last five years, he said, adding Indian defence market is soaring high for self-reliance …

Budget Session 2025 Highlights: A look at PM Modi, President Murmu's speeches to key points in the Economic Survey
1 month, 4 weeks ago

Budget Session 2025 Highlights: A look at PM Modi, President Murmu's speeches to key points in the Economic Survey

Firstpost  

In a nod to the government’s Aatmanirbharta initiative in defence, President Murmu’s speech mentioned the commissioning of two indigenously built warships– INS Nilgiri and INS Surat– and one submarine– INS Vaghsheer– by the Indian Navy in one go earlier this month. “The country has taken several historic steps to protect the country’s borders and ensure internal security….The govt has also …

Defence Budget Likely To Be Enhanced Owing To ‘Year Of Reforms’ Initiatives
1 month, 4 weeks ago

Defence Budget Likely To Be Enhanced Owing To ‘Year Of Reforms’ Initiatives

ABP News  

Defence Budget Expectations: During the upcoming Finance Budget 2025-26 defence sector is expected to have major focus with increased allocations as the government aims to not only implement a massive modernisation and indigenisation, including likely creation of the theatre-commands that was announced by Prime Minister Narendra Modi earlier this year. Lt Gen Subrata Saha, Former Member NSAB and Deputy Chief …

Why India's defence manufacturing needs a big boost from Union Budget 2025
2 months ago

Why India's defence manufacturing needs a big boost from Union Budget 2025

Firstpost  

The defence budget must see a substantial increase, particularly in capital outlay, which was Rs1.62 lakh crore in 2024-25 Indian Army's BrahMos weapon systems are displayed during a full dress rehearsal for the Republic Day parade in New Delhi. Reuters As Budget 2025 approaches, India’s Defence sector anticipates targeted measures to advance self-reliance, modernization, and global competitiveness. Strengthening defence allocations …

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding
2 months ago

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding

ABP News  

Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025 on February 1, the defence sector anticipates significant announcements aimed at advancing India's strategic capabilities and self-reliance. "Building on last year’s increased defence allocations, we anticipate a continued focus on domestic production, R&D funding, and private sector incentives. Kartik Ganapathy, Founding Partner of IndusLaw, said, "A …

Top 5 defence stocks to watch out for pre-budget gains
2 months, 1 week ago

Top 5 defence stocks to watch out for pre-budget gains

Live Mint  

India's defence sector is gearing up for a seismic shift as the government pairs record-breaking budgets with ambitious reforms, positioning the nation not just as a regional power but a global defence exporter aiming for ₹420 billion in exports by 2025. Here are five top defence stocks, filtered using Equitymaster’s screener and assessed for strong order books and strategic wins. …

10 defence stocks poised for explosive growth in India’s year of reforms
2 months, 2 weeks ago

10 defence stocks poised for explosive growth in India’s year of reforms

Live Mint  

As India strengthens its strategic position amid evolving global security dynamics, the nation's defence sector stands at a pivotal moment in 2025. This commitment aligns with India's vision of achieving defence exports worth ₹42,000 crore by 2025 and establishing itself as a key player in the global defence supply chain. The company’s current order book stands strong at ₹38,390 crore, …

India is shining but needs to go beyond IT to become global power
2 months, 2 weeks ago

India is shining but needs to go beyond IT to become global power

Firstpost  

In order to compete and excel China as an economic and military power, India needs to add hard muscle power to its digital power. Recent statistics showing India’s services exports surpassing its merchandise exports are not just numbers but a testament to the country’s growing strategic importance in the global tech services value chain. The presence of these centres underscores …

India’s Services Exports Hit Historic High In Oct, Find Out Why
2 months, 4 weeks ago

India’s Services Exports Hit Historic High In Oct, Find Out Why

ABP News  

India’s services exports reached a historic high of $34.31 billion in October, a commerce ministry official revealed. The official further noted that India has made a name for itself as a global leader in digitally delivered services exports, backed by its strong IT sector and skilled workforce, reported PTI. In the last two decades, India grew from $30 billion in …

How small arms production advances India’s defence ecosystem
3 months, 1 week ago

How small arms production advances India’s defence ecosystem

Firstpost  

India’s defence manufacturing sector is seeing massive growth, with a clear focus on becoming self-reliant. Opportunities in India’s defence sector India’s defence sector is set to see orders worth $138 billion between FY24 and FY32, driven by rising demand for defence equipment, technology, and services. This presents significant opportunities for companies involved in defence production and technology development, according to …

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report
3 months, 1 week ago

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report

India Today  

The Stockholm International Peace Research Institute has revealed that global arms sales surged to $632 billion in 2023, marking a 4.2 per cent increase from 2022. A significant trend noted in the report is the expansion of arms revenues among a higher number of companies, with 73 companies in the SIPRI Top 100 Arms-Producing and Military Services Companies 2023 reporting …

India’s exports rise, boosting global presence
3 months, 3 weeks ago

India’s exports rise, boosting global presence

Deccan Chronicle  

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

India's Defence Powerhouse: TATA Aircraft Complex a Step Towards Self-Reliance
5 months ago

India's Defence Powerhouse: TATA Aircraft Complex a Step Towards Self-Reliance

Firstpost  

The article highlights India's growing defense capabilities with the inauguration of the TATA Aircraft Complex. The complex will produce the C295 military transport aircraft, marking a significant step towards self-reliance in defense. The event also showcases the government's commitment to reduce dependence on foreign countries and build up local manufacturing capabilities. India aims to become a major player in the …

India's Defence Production Hits ₹1.27 Lakh Cr
6 months 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 …

Defence industrial collaboration, Indo-Pacific in focus during Rajnath-Austin talks
7 months ago

Defence industrial collaboration, Indo-Pacific in focus during Rajnath-Austin talks

Hindustan Times  

Defence minister Rajnath Singh and his American counterpart Lloyd Austin on Friday held wide-ranging talks at the Pentagon in Washington to deepen the bilateral relationship, with the dialogue putting the spotlight on a raft of issues including defence cooperation, industrial collaboration, regional security, the Indo-Pacific region and other pressing international matters. They met a day after India and the US …

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report
7 months ago

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report

News 18  

India is now selling weapons made in the country to other nations, reaching record levels in defence exports. In 2023-2024, defence exports reached a record Rs 21,083 crore, an increase of 32.5 percent from Rs 15,920 crore in the previous year. The Narendra Modi government set an ambitious target in 2020 to achieve Rs 35,000 crore in defence exports within …

India’s defence industry: Achievements and challenges
7 months, 1 week ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Since assuming power …

India’s defence industry: Achievements and challenges
7 months, 1 week ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. Since assuming power in 2014, PM Modi’s …

India has made strides to further self-reliance in defence, exporting weapons too: PM
7 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
7 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 …

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News
7 months, 2 weeks ago

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News

ABP News  

Prime Minister Modi emphasized the significant shift in India's defense sector, noting that in the past, a substantial portion of the defense budget was spent on purchasing weapons and equipment from foreign countries. This heavy reliance on imports meant that India was dependent on other nations for its defense needs, which not only drained the national budget but also limited …

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi
7 months, 2 weeks 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
7 months, 2 weeks 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 …

Modernisation and aatmanirbharta: Decoding the defence budget allocation 2024
8 months ago

Modernisation and aatmanirbharta: Decoding the defence budget allocation 2024

Firstpost  

In this budget, the government is concentrating on domestic manufacturing, especially indigenisation of the defence sector, which is aiming to reduce reliance on defence imports The finance minister, Nrimala Sitharaman, while presenting her record seventh Union Budget for FY 2024-25 after the people of India re-elected the Modi Government for the historic third term. The defence sector has noticed a …

Economic Survey 2023-24: India’s success in exports and reducing Chinese imports
8 months ago

Economic Survey 2023-24: India’s success in exports and reducing Chinese imports

The Hindu  

The government's steps such as mandatory quality norms and increase in customs duties have significantly helped the domestic toy players to boost exports and reduce dependence on Chinese imports, Economic Survey said on July 22. "India's import bill for toys from China dropped from USD 214 million in FY'13 to USD 41.6 million in FY'24, leading to a decline in …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
8 months, 1 week ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

At ₹1.27 lakh crore, India’s defence production hits a new high
8 months, 3 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
8 months, 3 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
8 months, 3 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
8 months, 3 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, …

US becomes India's top defence export partner, takes over 50% market share
9 months ago

US becomes India's top defence export partner, takes over 50% market share

Deccan Chronicle  

Kolkata: American Chamber of Commerce in India, an apex chamber of the US industry in India, has reported a remarkable progress in the India-US defence alliance. The US-India defence partnership encompasses acquisitions, co-production and co-development for global markets, joint ventures, training and innovation, enhancing India’s defence exports. AMCHAM India Director General and CEO Ranjana Khanna said, “US-India relationship has developed …

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism
9 months, 2 weeks 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 …

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