With the government's thrust on the Make in India initiative, defence production has surged to historic highs. This rise in defence manufacturing has also led to substantial returns for investors in major defence manufacturing PSUs over the past year.
The revenue of private defence companies is set to grow by 20 per cent during the current financial year 2024-25, according to a report by CRISIL Ratings.
New Delhi [India], October 9 (ANI): A group of Congress leaders on Thursday slammed the Centre's decision to change the defence offset policy and "privatization" of Ordinance Factories Board, saying these decisions "compromise national security interests and will have long-term implications