"The defence sector is one of the major success stories in India-France bilateral ties. Let's make this defence sector a role model, an example for other sectors," Saint-Martin said after the bilateral meeting in Paris.
Defence Secretary Rajesh Kumar Singh announced that the Ministry of Defence (MoD) has significantly shortened timelines for key processes in the military equipment procurement cycle as part of sweeping reforms aimed at boosting efficiency and advancing India's goal of 'Aatmanirbharta' in the
India is expected to see a major boost in its defence sector by the year 2047, with the total defence budget projected to rise to Rs 31.7 lakh crore, according to joint study report by Confederation of Indian Industry (CII) and KPMG.
Chairman of the Defence Research and Development Organisation (DRDO), Dr Samir V Kamat, on Thursday, underlined the need for increased investment in research and development in the defence sector, while speaking at the CII Annual Business Summit in the national capital.
Indian defence sector stocks, which had recently corrected from their highs, have again been soaring over the past weeks, much of it due to the recent flare-up of tensions with Pakistan. The successful display of India's indigenously developed systems against the adversary last week also len
In a move to boost Europe's security and strategic autonomy, European Commission President Ursula von der Leyen on Monday convened the first-ever Strategic Dialogue with representatives of the European defence industry.
European country Croatia has expressed its interest of investment in Indian defense sector, solar cells production, food processing technology, Automobiles, knowledge sharing amongst other sectors, the Commerce and Industry Ministry said in a statement on Tuesday.
India's defence sector is set to grow steadily, supported by strong efforts towards indigenisation, a solid order pipeline, and rising growth opportunities, according to a recent report by Nirmal Bang.
The Modi government's relentless focus on self-reliance, innovation, and technological advancement through initiatives like 'Atmanirbhar Bharat' and 'Make in India' has propelled the nation into the elite echelons of cutting-edge technology and capabilities.
PM Modi and his Thai counterpart, Paetongtarn Shinawatra, agreed to strengthen the existing mechanisms of defence cooperation and promote further collaboration between the defence sectors of the two nations.
Prime Minister Narendra Modi on Sunday inaugurated the Loitering Munition Test Range at Solar Defence and Aerospace Limited facility in Nagpur and said that it will "significantly" boost self-reliance in the defence sector.
European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities.