Page 25 - Defence Sector

PM Modi hails approval for capital acquisition of military hardware

Prime Minister Narendra Modi on Friday hailed the approval for proposals worth more than Rs 70,500 crore in the defence sector as a "boost to self-reliance" and said it was a reaffirmation of the faith in Indian talent. India on Thursday approved the capital acquisition of a plethora of indigenously-developed military hardware, including the indigenous BrahMos missiles, marine diesel engines, artillery gun systems, electronic warfare suits and utility helicopters, at a cost of Rs 70,584 crore as part of a mega procurement plan. All the platforms and weapons systems are being procured from domestic sources. Tagging Defence Minister Rajnath Singh's tweet asserting that persistent efforts are being undertaken to ensure self-reliance in the defence sector and proposals worth more than Rs 70,500 crore have been approved, Modi said, "A boost to self-reliance in defence, also reaffirming our faith in Indian talent." In another tweet, the prime minister urged people to visit the Matua Maha

Russia remains India's main arms supplier but imports dip sharply

India has been the world's largest arms importer since 1993 and "tensions with Pakistan and China largely drive its demand for arms imports," the report added

Shyam Metalics eyes $1 bn in revenue from stainless steel business

Company preps up expansion plan after acquiring Mittal Corp through the insolvency process

Giorgia Meloni visit: India, Italy open new chapter of defence ties

Italy and India have also decided to elevate bilateral relations to a strategic partnership

Cabinet okays buying 70 HTT-40 trainer aircraft from HAL for Rs 6,800 crore

HAL says it will engage Indian private industry, including micro, small and medium enterprises (MSMEs), in its supply chain

World Civil Defence day 2023 celebrated today: Theme, History, Importance

World Civil Defence Day is observed to promote the value of being prepared for emergencies and to increase public awareness of civil defence and emergency management

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