Page 23 - Defence Sector

In defence of financial globalisation

The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty

F-35 fighters have been discussed since 2010: Boeing's Heidi Grant

'Boeing exports 40 per cent of India's aerospace and defence exports, which is quite significant'

Aero India Show: Defence stocks a good long-term bet, say analysts

In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment

UK to invest in defence and medical sectors in UP: British MoS at GIS

The British Minister of State for Defence Procurement on Sunday said that the United Kingdom will invest in defence, aerospace and medical sectors in Uttar Pradesh. Speaking at the United Kingdom Partner Country/Defence session held at Dadhichi Hall during the ongoing Global Investor Summit-2023, Alex Chalk, said, "It is a matter of pride for me to participate in GIS-23. Standing on this great land of Uttar Pradesh and inviting the whole world to invest is a big achievement. At the same time, it is also a big achievement that we are witnessing this programme in a state known as the 'Rice Basket'." Speaking at the session, UP Chief Minister Yogi Adityanath said that the UK, as a partner country, has contributed to GIS not only in the field of defence and aerospace but also in the field of food processing and that the investors will get full cooperation from the state government in carrying their projects forward. Assuring the UK delegation, Adityanath said that every investment made

IAF to acquire new transport aircraft under 'Make in India' initiative

India has embarked on a massive transformation of its defence sector through the ambitious 'Make in India' programme

HAL, BDL, BEL: Higher defence budget may spark fresh rally in related stks

Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022

India does not believe in hierarchical concept of world order: Rajnath

India's national efforts towards 'Make in India' are neither isolationist nor are they just meant for the country alone, Defence Minister Rajnath Singh said on Monday at a conclave of ambassadors. He also said that India does not believe in a hierarchical conception of a world order where a few countries are considered superior to others. "India's international relations are guided by the very essence of human equality and dignity," the minister said at the conclave to brief ambassadors about the upcoming Aero India, billed as Asia's biggest aerospace exhibition. It will be held in Bengaluru next month. "We do not believe in making or becoming a client or satellite state, and so, when we partner any nation, it is on the basis of sovereign equality and mutual respect," Singh added. The defence minister said India's self-reliance initiative is the beginning of a new paradigm of partnership with its partner countries. "Our national efforts towards 'Make in India' are neither ...

Defence procurement, pipeline offer strong growth for Bharat Dynamics

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

Govt working to achieve $22 bn defence production target by 2025: Rajnath

He further underlined that to increase the participation of domestic industry, the government has reserved a certain portion of defence capital acquisition for domestic procurement

Kerala official suspended over derogatory remark against defence personnel

An official attached to Kerala State Civil Supplies Corporation Limited, (Supplyco), has been suspended for making an "objectionable" remark against the defence personnel

Kalyani Rafael Advanced Systems rolls out 100th surface-to-air missile kit

KRAS is a joint venture set up by Israeli company, Rafael, in partnership with Kalyani Strategic Systems

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Navy to open all branches for women from next year: Chief of Naval Staff

The Indian Navy is looking at opening all its branches for women from next year, Chief of Naval Staff Admiral R Hari Kumar said on Saturday. Addressing a press conference a day ahead of the Navy Day, Admiral Kumar also said that the first batch of around 3,000 'Agniveers' has been inducted and it included 341 women. In December last year, Navy officials said 28 women officers were deployed on board around 15 frontline warships, including aircraft carrier INS Vikramaditya, and the number is set to go up. "The first batch of Agniveers have already reported. About 3,000 Agniveers have joined out of which 341 are women. This is a landmark event for us because for the first time, the Navy is inducting women sailors. We have been inducting women officers for about the last 16-17 years, but this is for the first time that we are inducting women sailors," Admiral Kumar said. He said the Navy will open all its branches to women officers from next year. "Come next year, we are looking at wo

India, France discuss defence cooperation & more under Atmanirbhar Bharat

During the meeting, the two sides discussed ongoing defence cooperation and further opportunities under the Atmanirbhar Bharat policy

Hindustan Aeronautics told to conduct Aero India 2023 in February

"Hon'ble Raksha Mantri (Defence Minister) has approved that the DDP will conduct the 14th edition of Aero India 2023 at Air Force Station, Yelahanka, Bengaluru, from 13th- 17th February 2023"

Rajnath Singh holds bilateral meeting with US defence secretary in Cambodia

Defence Minister Rajnath Singh on Tuesday held a bilateral meeting with US Secretary of Defence Lloyd Austin in Cambodia as the two leaders discussed a wide range of issues of mutual interest while expressing their commitment to a strong India-US defence cooperation. Singh and Austin are in Cambodia to attend the 9th ASEAN Defence Ministers' Meeting (ADMM) Plus, the defence ministry here said in a statement. It said Singh and Austin met each other at Siem Reap with "great warmth" and "expressed satisfaction at the growing bilateral defence engagements". Singh was accompanied by Defence Secretary Giridhar Aramane and other senior officials of the Ministry of Defence, it said. Defence Minister Singh shared pictures of his meetings with Austin on Twitter. "Delighted to meet the US Secretary of Defence, Mr Lloyd J. Austin in Siem Reap. @SecDef," he wrote on the microblogging site. The two leaders discussed a "wide range of issues of mutual interest while expressing their commitment t

Third, and the biggest, edition of coastal defence exercise from today

"Coastal security being a major sub-set of coastal defence, the concept of 'Exercise Sea Vigil' is to activate the coastal security apparatus across India," stated the Ministry of Defence

Info war can be a threat to stability: Defence minister Rajnath Singh

Adds successive govts have failed to create national security strategy

Has the rally in defence-related stocks run its course?

India is moving towards indigenisation of the defence sector. As the govt's indigenisation theme gains steam, will the sector have more legs to rally in the near-term or consolidation is likely?

India has been leading defence exporter in recent years, says report

India has emerged as a leading defence exporter in recent years and could fulfill Africa's maritime, aerospace and defence requirements, with Mauritius, Mozambique and Seychelles becoming the major buyers of Indian arms during 2017-2021, according to a research report released here. The report by India Exim Bank, titled Reinvigorating India's Economic Engagements with Southern Africa', was released at the inauguration of the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership, where government officials and captains of business and industry are meeting on Tuesday to discuss a wide range of areas of potential cooperation. The report also suggested a shift from India's current approach to India's defence and security cooperation with Africa and other developing countries, which remains need-based and focuses on empowering through training, capacity building, and humanitarian assistance. Increased cooperation in areas of aerospace, defence, maritime equipment a