According to IIFL report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
In a boost for made-in-India weapon systems, the Indian Navy is going to place orders for four Tapas drones built in India by the Defence Research and Development Organisation (DRDO).
According to the ministry, it signed the contract with BEL on Tuesday for the procurement of 11 Shakti Electronic Warfare Systems along with associated equipment and accessories for the Indian Navy under the Buy (Indian- IDDM) category at a total cost of Rs 2269.54 cr.
Defence Secretary Giridhar Aramane inaugurated 'Abhigyaan', the state-of-the-art auditorium at the Central Research Laboratory (CRL) of Bharat Electronics Limited (BEL), a Defence Public Service Unit (DPSU), today in Uttar Pradesh's in Ghaziabad.
Chennai (Tamil Nadu) [India], November 8: Under the leadership of Dr. T.R.B. Rajaa, Minister for Industries, Investment Promotion, and Commerce, Govt. of Tamil Nadu, a high-level delegation convened meetings with esteemed organizations, including Hindustan Aeronautics Limited (HAL), Bharat E
The Chairman of the Airports Authority of India Sanjeev Kumar on Thursday inaugurated the Indigenous Air Traffic Management Automation System (ATMAS) at Bhubaneswar Airport.
Vice Admiral Biswajit Dasgupta, Flag Officer Commanding-in-Chief Eastern Naval Command inaugurated the indigenously designed and developed state-of-the-art Naval Airfield Integrated Security System (NAISS) and the Naval Anti-Drone System (NADS) at INS Dega, Visakhapatnam on Monday.
The Ministry of Defence on Thursday signed a contract with Bharat Electronics Limited (BEL) for the procurement of 13 Lynx-U2 Fire Control Systems for the Indian Navy at a total cost of over Rs 1,700 crore.
The Ministry of Defence (MoD) has signed 10 contracts totalling Rs 5,498 crore with state-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) for Indian armed forces, the PSU said in a regulatory filing to the stock exchanges on Thursday.
In yet another boost to self-reliance in defence sector, the Ministry of Defence on Wednesday signed three contracts - two with Bharat Electronics Limited (BEL), Ghaziabad and one with New Space India Limited (NSIL) - at a total cost nearly Rs 5,400 crore, to bolster the defence capabilit
In a bid to enhance the operational capabilities of the Indian Air Force (IAF), the Defence Ministry on Thursday signed two separate contracts with Bharat Electronics Limited (BEL), at a total cost of over Rs 3,700 crore.
This entirely locally-made signalling system has been jointly developed by DMRC and Bharat Electronics Limited (BEL) under the Government of India's 'Make in India' and 'AatmaNirbhar Bharat' initiatives for the Metro Rail Transit Systems.