Earlier this year, US General Electric (US GE) announced that it had inked an agreement with Hindustan Aeronautics Limited (HAL), the government’s aerospace and defence manufacturing firm, to jointly manufacture engines in India to power fighter jets for the Indian Air Force.
The FAT 4x4 and GTV 6x6 are specialized vehicles employed by the Artillery for towing light and medium guns, respectively. Both these platforms were prominently featured in the initial positive indigenization list announced by the government.
Co-production of jet engines for forces through knowledge transfer and defence industrial collaboration, space sector cooperation, setting up of a semiconductor plant, and collaboration in emerging Artificial Intelligence technology and tackling risks associated with it were some of the key
Indian stock indices traded lower Tuesday morning primarily due to profit-booking investors after gains. Sensex and Nifty were about 0.4 per cent lower each at the time of writing this report.
Union Minister of Defence Rajnath Singh chaired a meeting of the Consultative Committee for the Ministry of Defence on 'Self-reliance in Defence Manufacturing' in Karnataka's Bengaluru on Friday.
During the meeting, the members of the committee from both Houses of Parliament were apprised about the initiatives taken by the Ministry of Defence (MoD) to achieve 'Aatmanirbharta' in defence and the progress achieved so far.
The Government has taken several policy initiatives in the past few years and brought in reforms to encourage indigenous design, development and manufacture of defence equipment, thereby promoting self-reliance in defence manufacturing in the country.
The defence ministry approved a fresh list of 928 components and subsystems on Sunday, which will only be procured from the domestic industry after a ban on their import kicks in under a staggered timeline of around 5.5 years.
The central government has set up two Defence Industrial Corridors (DICs) in order to attract total investment worth Rs 20,000 crore by the year 2024-25 for defence industries, develop domestic supply chain and strengthen defence manufacturing ecosystem in the country, informed the Ministry
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.
The number of startups working in defence and aerospace space in India are now in the thousands and they are into all kinds of manufacturing and development activities, said Scientific Advisor to Defence Minister and former DRDO chief G Satheesh Reddy.
Hyderabad (Telangana) [India], February 22 (ANI/PRNewswire): In India's defence manufacturing growth story, ICOMM, a group company of Megha Engineering & Infrastructures Ltd (MEIL), has taken centre stage. Today, ICOMM signed a partnership and licensing agreement with UAE-based EDGE enti