State-run Bharat Electronics Limited has set a target of Rs 20,300 crore for financial year 2023-24 as demand for indigenous products is driving growth for the company, its Chairman and Managing Director Bhanu Prakash Srivastava said on Tuesday. In an interview with PTI here, he said the order book of the 'Navratna' PSU under the Ministry of Defence stands at around Rs 64,800 crore as on August 1 this year. The Bengaluru-headquartered company has plans to start marketing offices in Brazil, Armenia and Kazakhstan, Srivastava said. He said export sales target for 2023-24 is USD 90 million. BEL achieved a turnover of about Rs 17,300 crore in the previous financial year, a 15 per cent growth. Srivastava pointed out that defence business in any country is closely linked to government policies that are based on factors like the geopolitical scenario, security threats and economic growth of the nation. The Government of India, he noted, is focussing on self-reliance to encourage domesti
Inter-Services Organisation Bill 2023 hands all disciplinary and administrative powers concerning the personnel serving in or attached to these organisations to heads of Inter-Services Organisations
The Ministry of Defence has sanctioned the transfer of 69 acres of municipal corporation land and the acquisition of 2.18 acres of private land for the Air Force Station in Jodhpur, the government informed Parliament on Monday. "An MoU was signed on 26.03.2017 between Indian Air Force, Government of Rajasthan, Airport Authority of India, Jodhpur Nagar Nigam (JNN) and Defence Estates Officer (DEO), Jodhpur, for transfer of land for expansion of Jodhpur Civil Airport," Minister of State of Defence Ajay Bhatt said in a written response to a query in the Rajya Sabha. The MoU inter alia contained a provision for the transfer of 69 acres of JNN land to IAF on a cost basis, he said. "As per the said MoU, 37 acres of defence land has been handed over to the AAI and in exchange thereof, 37 acres of land belonging to Jodhpur Nagar Nigam Limited has been taken over by the IAF," the minister said. "The Ministry of Defence has accorded sanction for the transfer of 69 acres of JNN land and ...
The responsibility to implement these projects, including funding, lies with the airport developers
Theaterisation involves creating specific structures within the military branches to ensure an effective response in various conflict situations
This collaboration also includes training for food handlers and chefs in the Armed Forces' messes, canteens, and other food outlets on food safety and hygiene
The defence ministry has released a tender for a Rs 43,000 crore project to build six submarines that can stay submerged for up to two weeks
The NCC integrated software can be used from the time of enrolment till exit registration as alumni and even helps maintain records for cadets for future employment opportunities
The aircraft will be fitted with several advanced equipment including a glass cockpit, maritime patrol radar, electro-optic infrared device, and mission management system
Dominating the tactical and strategic battlefield today is a high level of transparency, digital communications and precision-guided weapons during both day and night
A factsheet was released for operationalising the 'Defence Innovation Bridge' under the Initiative on Critical and Emerging Technologies at a two-day event in Washington DC
According to the defence ministry, the development of such state-of-the-art equipment will help in boosting exports to friendly countries
Rajnath Singh stated that the United Nations needed to be more democratic and representative of the realities of today while also calling for international cooperation with UN peacekeepers
On the occasion of World Environment Day, the Indian Navy shares green initiatives made to protect the environment and reduce the carbon footprint
The value of defence production in FY 2022-23 has crossed Rs one lakh crore for first time ever. Ministry of Defence on Friday said that the continuous and consistent efforts were made for this result
Defense ministry achieves indigenisation targets with a cumulative import substitution value of Rs 2,570 crore, marking a milestone towards 'Aatmanirbharta'
The MoD has also notified three PILs as regards DPSUs, comprising 3,738 major LRUs, sub-systems, assemblies, spares, and components, each with an embargo on their import from defined timelines
This was the first time the defence ministry entrusted a private firm - TASL - to carry out the entire final assembly of a military aircraft
The government has announced that it was working to ensure the safety of more than 3,000 Indian citizens in Sudan
To be optimised for extreme cold, high altitude of Ladakh, Arunachal Pradesh