Page 2 - Defence Sector

PM Modi, Bhutan King hold talks on energy, defence, connectivity projects

Prime Minister Narendra Modi and Bhutanese King Jigme Khesar Namgyel Wangchuck on Tuesday held wide-ranging talks during which they discussed cooperation in sectors such as energy, capacity building, connectivity, technology, defence and security. After the delegation-level talks, the two leaders jointly inaugurated the 1020 Punatsangchhu-II hydroelectric project, developed jointly by India and Bhutan. "Had a very good meeting with His Majesty Jigme Khesar Namgyel Wangchuck, the King of Bhutan. We covered the full range of India-Bhutan relations," Modi said in a post on social media. "We discussed cooperation in sectors like energy, capacity building, connectivity, technology, defence and security. India is proud to be a key partner in Bhutan's development journey," he added. Prime Minister Modi arrived in Bhutan on Tuesday for a two-day visit. The ties between India and Bhutan have been on an upswing. In September, India unveiled its plan to build two cross-border train links wi

We look forward to deepening collaborations: Lockheed Martin's India chief

Representatives of more than 30 Indian companies interacted directly with global defence major Lockheed Martin and international partners in Bengaluru to explore opportunities for collaboration and showcase their technological capabilities to support future procurement programmes for the Indian armed forces, according to an official readout. Post the conference, Lockheed Martin Supply Chain teams are visiting close to 20 supplier facilities across India to assess their capabilities and establish alliances, it said. Lockheed Martin successfully concluded the 11th edition of its India Suppliers Conference on November 3, reinforcing its long-standing commitment to strengthening India's defence industrial base and connecting Indian companies with its global supply chains, the firm said on Monday. "Building on more than three decades of partnership and seven decades of association with India, the conference was a testament to Lockheed Martin's commitment to nurturing collaborations that

All 16 DPSUs are pillars of India's self-reliance in defence: Rajnath Singh

India achieved defence production worth Rs 1.51 lakh crore in 2024-25 and the defence public sector undertakings (DPSUs) contributed 71.6 per cent of total amount, Defence Minister Rajnath Singh said on Monday. Singh made the remarks while carrying out a comprehensive review of the performance of 16 DPSUs at a high-level meeting here. "All our 16 DPSUs are serving as strong pillars of the country's self-reliance. Their excellent performance in operations like Operation Sindoor testifies to the reliability and capability of our indigenous platforms," he said. Singh also inaugurated the new DPSU Bhawan at the World Trade Centre in South Delhi's Naoroji Nagar. The defence minister commended the DPSUs for their steadfast contribution in strengthening India's defence manufacturing ecosystem and advancing the vision of a self-reliant India. In the year 2024-25, India achieved defence production worth Rs 1.51 lakh crore, with DPSUs contributing 71.6 per cent of the total, he said. The .

DPSUs plan to double R&D pace in 5 years with ₹32,766 crore plan

Move follows Defence Minister Rajnath Singh's call for greater investment and manpower in R&D to develop new technologies and boost indigenisation and exports

PTC Ind, RIL among 5 Indian stocks in Goldman Sachs' APAC conviction list

Among sectors, their biggest 'conviction' as regards India is on the defence sector, where Goldman Sachs believes PTC Industries is scores over its peers

India and US sign 10-year defence agreement amid tariff turmoil

Defence Minister Rajnath Singh signed the framework for bilateral defence cooperation over the next decade with US Secretary of War Pete Hegseth

Indigenous defence platforms' success enhanced India's reputation: Rajnath

He said that India's objective should not merely be to assemble in the country, but, in the true sense, to undertake technology-based manufacturing there

Rajnath Singh unveils new defence revenue procurement manual 2025

Defence Minister Rajnath Singh on Thursday unveiled a new manual to simplify and rationalise the revenue procurement process for the armed forces. The Defence Procurement Manual (DPM) 2025 will come into effect from November 1. The revenue procurement by the defence services and other organisations under the defence ministry is regulated by the DPM. It was last promulgated in 2009. "Effective from November 1, the new procurement manual will facilitate the revenue procurement amounting to approximately Rs 1 lakh crore by the three services and other establishments under Ministry of Defence (MoD)," an official statement said. The defence minister expressed confidence that the new manual will simplify the procedures, bring uniformity in functioning and will be helpful in providing goods and services required by the armed forces for operational preparedness. It will also provide more opportunities to MSMEs and start-ups in the field of defence manufacturing and technology, ensuring ..

Rajnath to inaugurate HAL's third Tejas line; annual output to rise to 24

The first Tejas Mk1A produced at the third line is fully assembled and has completed all pre-flight tests, HAL officials said

PL Capital sees Nifty at 28,781 in 1 yr; banks, auto, defence to lead rally

Analysts at PL Capital expect domestic-oriented sectors to outperform, naming banks, NBFCs, autos, retail, consumer staples, defence, metals, and select consumer durables as top picks.

Army Chiefs of India and France discuss strengthening defence ties

The ongoing military engagement between the two nations builds on General Dwivedi's visit to France earlier this year

Germany plans to acquire armoured vehicles worth almost $7 billion

The lower house of parliament's budget committee is set to approve the arms deal for the country's army in the next few days

Rajnath visits HMAS Kuttabul, boosting India-Australia naval cooperation

HMAS Kuttabul serves as an important administrative, training, logistics, and accommodation centre for naval personnel across Fleet Base East, the main base of Australian Navy on east coast

Aavishkaar Group, Jamwant launch Rs 500-cr fund for defence, deep tech

Aavishkaar Group and Jamwant Ventures have launched a Rs 500-crore fund to invest in defence and deep-tech startups, targeting 15-25 companies at seed and Series A stages

India, Australia sign key defence agreements to boost strategic partnership

Rajnath Singh also held a meeting with Deputy PM Marles, along with senior defence officials from both sides, at the Parliament House in Canberra

Rajnath, Australian dy PM discuss boosting defence industry partnership

The leaders reviewed the full spectrum of India-Australia defence cooperation, including defence industry, cyber defence, maritime security and regional challenges

Russia-Pak JF-17 deal: What it means for Moscow-New Delhi relations

Several reports claimed that Russia had decided to supply Pakistan with RD-93MA engines for its JF-17 Thunder fighter jets, reportedly moving ahead despite India's objections

Indian Navy to commission second ASW Shallow Water Craft Androth on Oct 6

The Indian Navy will commission 'Androth', the second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), at the Naval Dockyard here on October 6. The commissioning ceremony will be presided over by Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command (ENC). "The Indian Navy is set to commission 'Androth', the second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), at the Naval Dockyard in Visakhapatnam," said an official release from the Eastern Naval Command on Sunday. "The commissioning of Androth marks yet another milestone in the Navy's steady stride towards capability enhancement and indigenisation," it said. Built by Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE), Androth has over 80 per cent indigenous content, reflecting India's growing maritime self-reliance and commitment to innovative home-grown technologies. The ship's induction is expected to significantly bolster the Navy's ASW capabilities, particularly in ...

Paras Defence up 4% on winning this deal from Defence Ministry; details

Paras Defence share price rose today after the company said its arm, Paras Anti-Drone Technologies, has bagged an order worth ₹46.19 crore from the Ministry of Defence, Government of India.

Uttar Pradesh gets military-ware, aerospace investment of ₹34K cr

The nodal agency UP Expressway Industrial Development Authority (UPEIDA) has allocated 1,000 hectares to 62 companies under UPDIC