In a post shared on X, RMO India said, "Our defence export, which used to be less than 1,000 crore rupees, has now reached a record 25,000 crore rupees. We have now set a target to achieve 3 lakh crore rupees in domestic defence manufacturing and 50,000 crore rupees in defence exports by
India has significantly reduced its dependence on defense imports over the last 14 years, marking a major shift in the country's defense strategy and policy.
"Strengthening domestic defence manufacturing is going to be a major growth pillar for the Indian economy. We are speeding up to become the third-largest economy in the world. In order to facilitate the transition from a developing country to a developed country by 2047, the government has t
"We have taken numerous initiatives over the last few years, under the visionary leadership of our Prime Minister Narendra Modi to strengthen domestic defence manufacturing," Singh added.
Hindustan Aeronautics Limited (HAL) showcased the versatility of its Advanced Light Helicopter (ALH) Dhruv MkIII at the inaugural Egypt International Airshow 2024, the company stated on Thursday.
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.
New Delhi [India], June 18 (ANI): In line with India's special focus and thrust towards ramping up domestic defence manufacturing, shares of ammunition and missile maker Bharat Dynamics have more than doubled so far in 2022.