It is pertinent to mention that 21 proposals, worth Rs 82,127 crore (97.4 per cent), are approved for procurement from indigenous sources. This unprecedented initiative of DAC will not only modernise the Armed Forces but also provide a substantial boost to the defence industry to achieve
Gandhinagar (Gujarat) [India], October 20 (ANI): Curtains came down on the mega three-day event DefExpo 2022 on Thursday in Gujarat's Gandhinagar where 451 Memoranda of Understanding, product launches and technology transfers were concluded to provide further impetus to the aerospace and def
New Delhi [India], October 18 (ANI): Defence industry organisations from India and the UK have come together to create a new Defence Industry Joint Working Group for more effective cooperation, the British High Commission said on Tuesday.
Warsaw [Poland], June 7 (ANI/Sputnik): Poland will sign a contract for the supply of weapons to Ukraine worth almost USD 630 million, the largest in 30 years, Polish Prime Minister Mateusz Morawiecki said while visiting the Stalowa Wola defence industry enterprise.
Beijing [China], May 10 (ANI): Amid the ongoing war between Russia and Ukraine, the interdependence between Russia and China has increased as Moscow's defence industry is looking for suppliers in China.
Shanghai [China], April 17 (ANI): With the severe lockdown measures in place in China's economic hub of Shanghai, the defence industry of the country might face a setback with a delay in the launch of China's third aircraft carrier, media reports said.
Washington [US], April 12 (ANI): The United States supports India as a defence industry leader in the Indo-Pacific and a net provider of security in the region, said US Defence Secretary Lloyd Austin on Monday.
New Delhi [India], April 9 (ANI): The Defence Ministry has decided that 25 per cent of the domestic capital procurement and acquisition budget amounting to Rs 21,149.47 crore, will be earmarked for domestic private industry in 2022-23.
Gandhinagar (Gujarat) [India], February 26 (ANI): Chief of Army Staff General MM Naravane on Saturday said that defence corridors in Chennai and Lucknow have changed the entire ecosystem of the defence industry and 85 per cent of what the army buys are from Indian companies.
New Delhi [India], February 3 (ANI): Union Budget 2022-23 has introduced multiple provisions to boost Atmanirbharta in the defence sector. The integrated approach of design and development of defence systems with the participation of industry and academia will revitalise the defence ecosy
New Delhi [India], February 2 (ANI): Defence research and development will be opened up for industry, startups and academia with 25 per cent of defence R&D budget earmarked, according to the Union Budget 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament on Tuesday.
New Delhi [India], February 1 (ANI): Union Defence Minister Rajnath Singh on Tuesday met Oman's Defence Ministry's Secretary-General Dr Mohammed Bin Nasser Bin Ali Al-Zaabi and decided to identify new avenues and examine areas of mutual interest to enhance defence industry cooperation.