Articles for Defence Sector

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 …

India Growth Record Defence Production High Crore
Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget
10 months, 3 weeks ago

Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget

ABP News  

The Indian defence sector finds itself at a pivotal moment amid simmering geopolitical tensions and an increased emphasis on self-reliance in strategic technology. With the Union Budget 2024 announcement scheduled for February 1, the defence sector expects some adjustments in fund allocations. In the budget for the fiscal year 2023-24, the defence sector was allocated Rs 5.94 lakh crore, marking …

Crore Lakh Union Budget Upcoming Budget Defence Sector
The country is ready for a major bulk-up of its defence armoury
1 year, 5 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, …

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Defence sector stocks are rising. Does the rally have enough steam?
1 year, 6 months ago

Defence sector stocks are rising. Does the rally have enough steam?

Live Mint  

On Monday this week, the share price of all maritime defence sector stocks went through the roof. Reports stated that both the secretaries also touched upon General Electric's proposal to share technology with India for fighter jet engines and New Delhi's plan to procure MQ-9B armed drones for over US$ 3 billion from US defence major General Atomics Aeronautical Systems …

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India will be a developed nation by 2047: Defence Minister Rajnath Singh
1 year, 7 months ago

India will be a developed nation by 2047: Defence Minister Rajnath Singh

The Hindu  

India will be a developed nation by 2047, Defence Minister Rajnath Singh said on May 15 while laying emphasis on the advancement of technology amid a rise in cyberspace threats in the defence sector. The country is now becoming self-reliant and as per economic experts, India will achieve third rank in the world economy by 2027, Mr. Singh said while …

India Singh Rajnath Singh Defence Sector
Hyd-based Svaya Robotics develops indigenous quadruped robot for defence sector
1 year, 9 months ago

Hyd-based Svaya Robotics develops indigenous quadruped robot for defence sector

Deccan Chronicle  

Hyderabad: Hyderabad-based Svaya Robotics, in collaboration with DRDO Labs - Research and Development Establishment, Pune and Defense Bio-engineering & Electro Medical Laboratory, Bangalore, has developed India’s first quadruped robot and wearable exo-skeleton, respectively as technology demonstrators with their design inputs. Dr. Sateesh Reddy, scientific advisor to the Union Defence Minister and former chairman of DRDO, visited Svaya Robotics development facility …

India Drdo Defence Sector Quadruped Robot Svaya Robotics
Aero India not just a show, but showcases scope of indigenous defence industry: Modi
1 year, 10 months ago

Aero India not just a show, but showcases scope of indigenous defence industry: Modi

The Hindu  

The perception of the biennial expo Aero India has changed and today it is India’s strength and not just a show that not only showcases the scope of the defence industry but also the self-confidence of India, Prime Minister Narendra Modi said on Monday while setting a target to take defence exports from $1.5 bn to $5 bn by 2024-25. …

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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 Budget Production Sector 2023 Defence Production
Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 10 months ago

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years

ABP News  

The announcement of the Union Budget for the year 2023-2024 is just a few days away. Take A Look At The Share Of Funds Allocated To Defence Sector In The Union Budget In Last Five Years: 2018-2019 In the year 2018-19, the Ministry of Defence was allocated Rs 4,04,365 crore for expenditure across the various services, production establishments, and research …

India Defence Crore Cent Pensions Defence Pension Allocated
Indian Army primed for indigenous modernisation, says Vice Chief of Army Staff
2 years, 1 month ago

Indian Army primed for indigenous modernisation, says Vice Chief of Army Staff

The Hindu  

The Indian Army is poised for indigenous modernisation and it has recognised the importance of the private sector in defence manufacturing, Vice Chief of Army Staff, Lieutenant General B S Raju said on Monday. "Indian Army has recognised the importance of private sector in defence manufacturing. RTN-B will leverage the location of ASC Centre and College in Bengaluru to build …

Adb Indian Army Defence Sector Indigenous Modernisation
Regional Tech Node of Army Design Bureau to be established
2 years, 1 month ago

Regional Tech Node of Army Design Bureau to be established

The Hindu  

A Regional Technology Node of Army Design Bureau will be inaugurated in Bengaluru on Monday at ASC Centre & College. In 2016, it was established and to further exploit the success of this model, it was visualised to have similar formal structures at regional level to further extend the outreach and enhance assimilation of technology in the Indian Army. RTN-B …

India Tech Defence Sector
C-295 Aircraft Manufacturing Unit A Milestone In 'Atmanirbharta' Journey Of Defence Sector: Rajnath Singh
2 years, 1 month ago

C-295 Aircraft Manufacturing Unit A Milestone In 'Atmanirbharta' Journey Of Defence Sector: Rajnath Singh

ABP News  

New Delhi: Defence Minister Rajnath Singh on Saturday said the foundation stone of an aircraft manufacturing facility in Vadodara is a matter of pride for the entire country and a milestone in the ‘Make In India’ journey of the defence sector. “Today, for the first time in the country, the foundation stone of an aircraft manufacturing facility is being laid …

India Aircraft Manufacturing Sector Facility Ani Stone
Current era is 'Golden Period' of Indian defence sector, says Rajnath Singh
2 years, 2 months ago

Current era is 'Golden Period' of Indian defence sector, says Rajnath Singh

Firstpost  

Defence Minister Rajnath Sngh added that our defence industry is going through an important phase, and it has showcased its capabilities by manufacturing fighter aircraft, aircraft carriers, main battle tanks and attack helicopters Gandhinagar: The current era is a “golden period” of the Indian defence sector, said Defence Minister Rajnath Singh at DefExpo in Gandhinagar on Thursday. According to the …

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'Indian Defence Sector Will Be A World Leader In Coming Times': Rajnath Singh In Gujarat
2 years, 2 months ago

'Indian Defence Sector Will Be A World Leader In Coming Times': Rajnath Singh In Gujarat

ABP News  

New Delhi: Union Defence Minister Rajnath Singh on Tuesday addressed Manthan ceremony in Gandhinagar, Gujarat. Speaking at the event Rajnath Singh said that Indian Defence sector will be a world leader in the coming times. “Due to the concerted efforts of the country, the Indian Defence sector will be a world leader in the coming times,” news agency ANI quoted …

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Budget 2022: Govt committed to reduce imports in defense sector, says FM Sitharaman
2 years, 10 months ago

Budget 2022: Govt committed to reduce imports in defense sector, says FM Sitharaman

India TV News  

Highlights Govt is committed to reduce imports and promote self-reliance in defence sector, says FM Sitharaman FM said that 68 per cent of capital for defence sector would be earmarked for the local industry Sitharaman also said that 5 pc of USO Fund would be provided for R&D and technology upgradation The government is committed to reduce imports and promote …

Sector Sitharaman Fm Sitharaman Defence Sector
'Allows Backdoor Entry To Corporations In Defence Sector': Plea In Karnataka High Court Against Privatization Of BEML Ltd.; Notice Issued
2 years, 11 months ago

'Allows Backdoor Entry To Corporations In Defence Sector': Plea In Karnataka High Court Against Privatization Of BEML Ltd.; Notice Issued

Live Law  

The Karnataka High Court on Tuesday issued notice to the Union of India and BEML Limited directing them to file their statement of objections by February 10, on a petition filed questioning the decision of the government to privatise the public sector undertaking. A division bench of Chief Justice Ritu Raj Awasthi and Justice Suraj Govindaraj issued the notice while …

India Respondents Beml Defence Sector Principle Approval
'More trust, transparency in defence sector than ever before': PM Modi
3 years, 2 months ago

'More trust, transparency in defence sector than ever before': PM Modi

India Today  

For the first time since Independence, many major reforms were rolled out in India's defence sector and it has more transparency and trust than ever before, Prime Minister Narendra Modi said on Friday. After dedicating seven new state-run defence firms replacing the Ordnance Factory Board, the prime minister said a single-window system has been put in place instead of stagnant …

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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 …

India Defence Sector Pm Modi Modi Calls Defence Sector
Union Budget 2021: Higher spending for defence sector expected
3 years, 10 months ago

Union Budget 2021: Higher spending for defence sector expected

India Today  

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021-22 to provide relief to the country, ravaged by the coronavirus pandemic, and also generously focuses on defence amid the rising tensions with China. Follow Budget 2021 Live Updates As tensions with China continue to escalate, in the wake of the violent standoff in Ladakh with China back in June 2020 …

India China Defence Budget Sector Union Budget Defence Sector
Codissia’s defence innovation centre to be inaugurated
4 years, 1 month ago

Codissia’s defence innovation centre to be inaugurated

The Hindu  

The Codissia Defence Innovation and Atal Incubation Centre, an initiative of the Coimbatore District Small Industries Association, will on October 28 sign Memorandums of Understanding with 5 Base Repair Depot and Air Force and Naval Ship Repair Yard, Kochi, to indigenise defence sector components and products. While the Defence Ministry would provide ₹ 20 crore, including ₹ 5 crore soft …

Crore Codissia Centre Cdiic Defence Sector
Rajnath releases new DRDO procurement manual to engage private sector
4 years, 2 months ago

Rajnath releases new DRDO procurement manual to engage private sector

Live Mint  

NEW DELHI: Defence Minister Rajnath Singh on Tuesday released a new version of the procurement manual of the Defence Research and Development Organisation that lists simplified rules for forging partnerships with the private sector for research and development projects. Defence ministry officials have said the new version of the manual has been envisaged to encourage participation of private industry, including …

India Manual Drdo Defence Sector
Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector
4 years, 3 months ago

Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector

News 18  

The government has permitted foreign direct investment of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT on Thursday. As per the current FDI policy, 100 per cent overseas investments are permitted in the defence industry — 49 per cent under …

Defence Cent Fdi Defence Sector 49 Per Cent Government Approval
Auto companies aim for projects in defence sector as growth slows
4 years, 3 months ago

Auto companies aim for projects in defence sector as growth slows

Live Mint  

India’s automobile companies and parts makers plan to tap opportunities in the defence sector to offset sluggish demand for automobiles in the domestic market amid the coronavirus crisis. Companies such as Ashok Leyland Ltd, Force Motors Ltd, BEML Ltd, Bharat Forge Ltd, JCB India Ltd and Automotive Axles Ltd see the government’s localization push for the defence sector as a …

India Defence Managing Director Jcb Bharat Forge Defence Sector