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.
New Delhi [India], July 18 (ANI): Defence Minister Rajnath Singh on Monday said that the Indian Navy spent over 64 per cent of its capital budget in domestic procurement in the last financial year and it is expected to increase to 70 per cent in the current financial year.
New Delhi [India], May 12 (ANI): Union Minister of State for Defence Ajay Bhatt on Wednesday called upon the scientific community to make advancements in technologies, such as Artificial Intelligence (AI), so that the nation is prepared to deal with future threats.
New Delhi [India], April 20 (ANI): In the last financial year 2021-22, the Ministry of Defence exceeded its target of spending 64 per cent of modernisation funds on buying from domestic firms.
New Delhi [India], August 9 (ANI): The defence ministry has bifurcated the budget of capital procurement for 2020-21 into domestic and foreign capital procurement routes, creating a separate budget head with an outlay of Rs 52,000 crore for domestic procurement, Defence Minister Rajnath Sing