Clear skies predicted for aerospace and defence sector
9 years, 11 months ago

Clear skies predicted for aerospace and defence sector

The Hindu  

Proposed indigenisation of certain processes and increased participation of private players are among factors expected to give a fillip to a sector that is considered stunted in growth due to heavy reliance on the public sector. In a 2013 report, McKinsey said India’s Defence industry, which had grown substantially in recent years, was headed for even better days. While the maintenance operations of the aerospace and defence sector are completely managed by the armed services and the departments of defence production, it is the indigenous industry engaged in the manufacture of certain parts for the sector that offer most of the employment opportunities for skilled manpower. Aerospace and defence is especially dependent on highly skilled workers, says a 2011 KPMG and CII report on the sector. In the case of manufacturing personnel, ability to control processes is one of the essential talents,” says Raj Quoting from a recent study, he says even a 20 to 25 percent reduction in imports could directly create an additional one lakh or more of jobs in India.

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History of this topic

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 …

Global aerospace firms turn to India amid Western supply chain crisis
1 month ago

Global aerospace firms turn to India amid Western supply chain crisis

The Hindu  

Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say. "India is the best solution to supply chain challenges,” Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, said last week at an industry event. The …

GIM: Top global firms speak on scaling up sourcing from India in aerospace and defence
1 month, 1 week 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 …

Defence Minister Rajnath Singh hails India's defence transformation at Aero India valedictory
1 month, 1 week ago

Defence Minister Rajnath Singh hails India's defence transformation at Aero India valedictory

New Indian Express  

BENGALURU: “Energy, energy, energy”— that’s how Defence Minister Rajnath Singh described Aero India 2025, India’s premier air show, as he highlighted the country’s rapid transformation in the defence sector. Speaking at the indigenisation event and valedictory of Aero India 2025 in Yelahanka, Rajnath said that India’s defence industry is witnessing exponential growth, with homegrown fighter jets, missile systems, and naval …

Aero India 2025: Unit of world's largest aerospace and defence company bets big on Indian SMEs
1 month, 1 week ago

Aero India 2025: Unit of world's largest aerospace and defence company bets big on Indian SMEs

Firstpost  

Collins Aerospace, a division of RTX, the world’ largest aerospace and defence company, has invited small- and medium-sized enterprises in deep tech to collaborate on aerospace and defence technologies Aero India 2025 is well-known to be a gathering of eagles in the aviation circles. It is then no surprise that RTX, the world’ largest aerospace and defence company– whose business …

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 …

Why India's defence manufacturing needs a big boost from Union Budget 2025
1 month, 3 weeks 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 …

Top 5 defence stocks to watch out for pre-budget gains
2 months 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, 1 week 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's Defence Production Hits ₹1.27 Lakh Cr
5 months, 3 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 records growth in defence production
8 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 …

Indian Defence exports breach Rs 16000 crore mark to reach an all time high
1 year, 6 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, 6 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 …

The country is ready for a major bulk-up of its defence armoury
1 year, 8 months ago

The country is ready for a major bulk-up of its defence armoury

Live Mint  

Prime Minister Narendra Modi’s historic visit to the US came at a crucial juncture. For instance, the successful development of Defence Research and Development Organisation’s advanced towed artillery gun system by Bharat Forge and Tata Group is testimony to Indian industry’s capability in developing our own advanced weapon platforms. Particularly noteworthy is the company’s defence subsidiary, Kalyani Strategic Systems Ltd, …

India to become defence manufacturing hub, plans to ramp up arms exports to nearly $5 billion in 2 years
2 years, 1 month ago

India to become defence manufacturing hub, plans to ramp up arms exports to nearly $5 billion in 2 years

India TV News  

Prime Minister Narendra Modi on Monday said that the country would increase its annual defence exports over the next two years to $5 billion. As major arms firms flocked to the five day biennial Aero India air show in Bengaluru, the country is aiming to sign various defence deals. Prime Minister Modi in his speech at the air show said …

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh
2 years, 1 month ago

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh

Live Mint  

Defence Minister Rajnath Singh has called upon Indian & 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, with the overall objective of achieving shared global peace and prosperity. Rajnath Singh assured industry leaders that the government is open to new ideas …

Defence industry one of key drivers of India's growth, says Defence Minister Rajnath Singh
2 years, 1 month 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 …

India\'s defence exports grew six-fold in last 5 years, says PM at Aero India
2 years, 1 month ago

India\'s defence exports grew six-fold in last 5 years, says PM at Aero India

Deccan Chronicle  

Bengaluru: With state elections drawing near, all roads lead to Karnataka for the BJP. Prime Minister Narendra Modi on Monday, flanked by defence minister Rajnath Singh and state chief minister Basavaraj Bommai, inaugurated Asia’s biggest air show, the "Aero India 2023" at Yelahanka Air Force Station in Bengaluru. Inaugurating the five-day event, the Prime Minister said that Aero India reflects …

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

India bets big on Paras Defence and Space Technologies Ltd, read why
3 years, 5 months ago

India bets big on Paras Defence and Space Technologies Ltd, read why

Op India  

What would be your reaction if you were told that your money grows 5% everyday? Paras Defence and Space Technology is a company that got listed in the stock market just recently. PM Modi said that India’s approach to space reforms is based on four pillars: freedom to private sector in innovation, role of government as an enabler, to make …

Career opportunities in R&D in Aerospace and Defence in India
3 years, 10 months ago

Career opportunities in R&D in Aerospace and Defence in India

The Hindu  

Innovation is largely driven by R&D, with many interdisciplinary fields being connected to basic and applied sciences. The first step towards building an R&D ecosystem would be to set up state-of-the-art research facilities on the campus, with industry collaboration. It is a sector with a high R&D output and is composed of many interdisciplinary fields closely associated with Astronomy, Planetary …

‘Technolgy, skilling vital for aerospace, defence’
4 years, 2 months ago

‘Technolgy, skilling vital for aerospace, defence’

The Hindu  

India needs to focus on deploying latest technology and skilling its workforce to become the next major powerhouse in aerospace and defence sectors, according to David Ziegler, vice-president of aerospace and defense, Dassault Systemes. “To make sure India will be one of the next major powerhouses in aerospace and defence, I think there are three parts to that. “I think …

India to become $10 trillion economy by 2030-32: Rajnath
5 years, 6 months ago

India to become $10 trillion economy by 2030-32: Rajnath

The Quint  

New Delhi, Sep 17 Defence Minister Rajnath Singh said in New Delhi on Tuesday that the goal of the government is to make India a $10 trillion economy by the year 2030-32. Singh further said that under the 'Make in India' initiative of Prime Minister Narendra Modi, the government aims to not only establish India as a major arms manufacturing …

Full text of Modi's speech at Aero India 2015
10 years, 1 month ago

Full text of Modi's speech at Aero India 2015

The Hindu  

My ministerial colleagues, Distinguished participants and guests I am delighted to participate in the 10th edition of Aero India. This is a mega meeting of one of the largest global supply chains, with the most advanced technology and complex equipment And, a platform to launch India's defence manufacturing sector. In India, the defence industry in the government sector alone employs …

Defence could be sunrise industry for Indian firms in the next decade: Report
10 years, 8 months ago

Defence could be sunrise industry for Indian firms in the next decade: Report

Live Mint  

Mumbai: Defence could be the sunrise industry of the next decade for Indian companies, according to a report released by Edelweiss Securities Ltd on 18 July. And Indian conglomerates such as the Tata group, Reliance Industries Ltd, Larsen and Toubro Ltd, and Mahindra Group are increasingly forging partnerships with global defence companies, and are “heavily enhancing production bases in the …

We are here for the long haul— Boeing India President
11 years, 9 months ago

We are here for the long haul— Boeing India President

The Hindu  

Having led GE infrastructure business in India since 2003, Pratyush Kumar, took over as President of Boeing India in December 2012. Mr. Kumar heads Boeing India at a time when both the civil aviation and military segments are in expansion mode in the country and are looking towards mordernisation. It’s about getting the best of IIT, the best of Boeing, …

Clear skies ahead
14 years, 11 months ago

Clear skies ahead

The Hindu  

The Chairman of the Airports Authority of India, Vijai Prakash Agrawal, is a visionary and a perfectionist. We at the Airports Authority of India, having witnessed the recent phenomenal growth in the aviation sector, thought it prudent to upgrade and modernise infrastructure so as to make air travel more comfortable and enjoyable. Airport infrastructure would include air traffic management/communications, navigation, …

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