India's defence exports have surged from Rs 15 billion in 2017 to Rs 210 billion in 2024, registering a CAGR of 46 per cent, highlighted a report on 'Defence Conference 3.0' by Antique Stock Broking.
The decision of the Defence Acquisition Council (DAC) to accept 10 capital acquisition proposals worth Rs 1.4 trn will not only boost domestic defence manufacturing but will contribute to the growth of the PSU companies in the defence sector, highlighted a report by Antique Stock Broking.
Defence Minister Rajnath Singh on Friday interacted with the senior leadership of US defence companies here in an industry round-table organised by the US-India Strategic Partnership Forum and outlined the various emerging co-development and co-production opportunities in the defence sect
India's counter-drone market is projected to grow at an annual rate of 28 per cent over the next five years, highlights a report by Motilal Oswal, a financial services company.
State-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) has obtained an export order worth Euro 25.75 million (estimated value of Rs 230 crores) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of transmit-receive (TR) modules.
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.
Singh who took charge as the Defence Minister at his office in South Block in the national capital said that the government will strive to boost exports in the defence sector and aims for a target of Rs 50,000 crore over the next five years.
Adani Defence and Aerospace has signed a cooperation agreement with UAE-based EDGE Group, one of the world's leading advanced technology and defence groups.
A Green Field Defence Testing Facility is being established in the Lucknow Node of the UP Defence Industrial Corridor under the DTIS scheme to overcome the challenge of expensive, state-of-the-art testing infrastructure.
Faced with supply chain disruptions, particularly since the Covid pandemic hit in 2020 and subsequent flare up of geopolitical tensions that still continues, many leading global companies, in specific that are into manufacturing space, are diversifying their operations across regions. These