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 …
The Centre has allocated Rs 6.21 lakh crore from the Union Budget to defence spending – up from 5.94 lakh crore in 2023. The defence ministry has kept aside Rs 1.05 lakh crore – 75 per cent of the modernisation budget – to buy from Indian firms. The Centre also increased the defence pension budget to Rs 1.41 lakh crore …
Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The defence budget announced Friday includes 370 billion yen to build two new warships rigged with the US-developed Aegis missile defence system. The 7.95 trillion yen draft budget for the 2024-25 fiscal year was approved by the …
Australia's ageing fleet of American-made military cargo aircraft will be replaced and doubled in number under a $10 billion deal approved by the United States. Key points: Australia has an ageing fleet of 12 Hercules aircraft The $10b deal comes amid an ongoing review into Defence spending Australia took the first delivery of C-130 Hercules aircraft in the 1950s The …
Russian President Vladimir Putin visited India for a few hours on December 6, 2021 for the 21st bilateral Annual Summit. This is only the second visit by Putin outside Russia — the first having been to Geneva in June this year for a bilateral Summit with US president Joe Biden. In addition, the fact that the visit to India has …
India is vigilant in the face of attempts to change status quo at its border and prepared to defeat any misadventures to defend its territorial integrity, Defence Minister Rajnath Singh said on Wednesday, amid the continued military standoff with China. Singh also said India plans to spend USD 130 billion on Defence modernisation in the next 7-8 years with the …
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