The expectation is that India's defence spending on big equipment (capital defence) will keep growing at around 7-8 per cent per year, just like in the last 10 years.
Vice Chief of the Air Staff, Air Marshal AP Singh emphasised that the "biggest lesson that we have learned from today's geopolitics is to be self-reliant".
The value of defence production in the country has gone up to a record-high figure i.e., Rs 1,26,887 crore, reflecting a growth of 16.7% over the defence production of the previous financial year.
Army Chief General Manoj Pande cited the geopolitical events and stressed on the need for a “reliable supply from internal sources for ammunition in preparedness for a long-drawn conflict”.
Union Defence Minister Rajnath Singh attended the handing over ceremony of indigenous multi mode hand grenades to the Indian Army in Nagpur, Maharashtra on August 24.
The Centre has made a list of 100 items for import embargo. It makes us 'Aatmanirbhar' as our manufacturing capability will improve, reliance on other countries will reduce & there'll be jobs: PM Modi on provisions for Defence sector in the Budget
Union Defence Minister Rajnath Singh on Tuesday launched a startup challenge to achieve self-reliance in the military sector under the 'Aatmanirbhar Bharat' campaign.
Defence Minister Rajnath Singh on Saturday said a country that depends on imports for its military equipment can never be strong and asserted that being self-sufficient in the defence sector is linked to “self-respect” and “sovereignty“.
Defence of India's territory and interests is of foremost importance. There is no space for any laxity when it comes to keeping our armed forces in top condition. We are a unique country that has battlefields in hilly regions, snow-capped mountains as well as in forests and a variety of other geographical conditions. The challenges around us are many and we have some of the finest armed forces in the world.
According to sources, the Yogi Adityanath government plans to modify its policy for the upcoming 'defence corridor' and make arms, ammunition and explosives manufacturing units eligible for incentives.
Speaking at an event here, Defence Minister Nirmala Sitharaman assured that there won’t be any kind of restriction on any kind of manufacturing from the government’s end.
New Delhi: In a move to further attract investment in manufacturing of defence equipment, the government today approved Foreign Investment (FDI) up to 100% in Defence Sector. FDI norms have also been eased in other
Hyderabad: US Ambassador to India Richard Verma has termed as "exciting" the joint research and development and co-production by the US and India in the defence sector.Delivering a talk at the Indian School of Business
New Delhi: Anil Ambani's Reliance Group is planning to bid for more than $20 billion worth of defense contracts in the coming years. The group is in talks with global aerospace and defence companies to
Jamshedpur: Leading auto manufacturer Tata Motors is in the process of developing vehicles for the defence sector, which are capable of carrying weapons."We have successfully tested the vehicles meant for defence sector. We only need
New Delhi, Jul 16: FDI cap in defence sector will remain at 26 per cent and proposals beyond that will be considered by the Cabinet Committee on Security on case to case basis, according to
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