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.
A US delegation led by Isabel Casillas Guzman, Administrator of the US Small Business Administration (SBA) visited Innovations for Defence Excellence-Defence Innovation Organisation, Department of Defence Production, and witnessed the techno-showcase organised by iDEX-DIO at IIT Delhi on Mon
New Delhi [India], August 1: Metalogic PMS, India's leading Metals & Mining intelligence firm, successfully hosted the conference on Steel & Metals for Defence Sector. The conference scheduled for 31st July 2024; Wednesday held at Indian Habitat Centre in New Delhi aimed to highlight
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.
Defence Secretary Giridhar Aramane said that the Ministry of Defence is committed to undertaking further reforms in Defence Production and to handhold the ecosystem by implementing the Industry to bolster Manufacturing.
With domestic defence production surging to a record-breaking Rs 1.27 lakh crore in FY 2023-24, marking a 16.7 per cent increase over the previous year and a staggering 60 per cent growth compared to 2019-20, India has solidified its position as a rising global defence powerhouse.
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.
India's defence sector holds a lucrative ordering opportunity of USD 138 billion over FY24-32 amid the escalating demand for defence equipment, technologies, and services, offering significant prospects for companies engaged in defence production and technology development, according to a re
According to an official release from the Ministry of Defence, "The Department of Defence Production under the Ministry of Defence has issued a notification for the re-organisation of the Directorate General of Quality Assurance (DGQA), which is aimed at speeding up quality assurance process
Defence Minister Rajnath Singh will on Monday inaugurate DefConnect 2024 being organised by the Innovations for Defence Excellence-Defence Innovation Organisation (iDEX-DIO) under the aegis of the Department of Defence Production to promote indigenous innovation and facilitate partnerships t