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India is making significant strides towards becoming a net exporter of military equipment, as stated by Sanjay Seth, the Minister of State for Defence. During a recent event in Panaji, he emphasized the country’s ambition to shift from being one of the largest importers of weapons to a prominent exporter.The goal is to achieve ₹50,000 crore (approximately $6 billion) in defence exports by 2029,
Armenian Foreign Minister Ararat Mirzoyan has announced that Armenia is keenly interested in acquiring defence equipment from India."Armenia is placing significant emphasis on strengthening its defence sector, particularly in light of ongoing regional security concerns," reports, citing Mirzoyan’s recentHowever, Mirzoyan was quick to clarify that these acquisitions are not aimed at undermining
The Indian Army and Air Force are poised to acquire 250 BrahMos missiles, with the deal valued at approximately $2.4 billion USD.This acquisition is currently under review by the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, and forms part of India’s military budget for 2024, which totals around $72 billion.The BrahMos missile, developed through an Indo-Russian
The Philippines has hailed its recent acquisition of BrahMos supersonic cruise missiles as a significant breakthrough in its defence capabilities. This development follows the delivery of the first batch of missiles from India, marking a pivotal moment in the Philippines’ military modernization efforts amid rising tensions in the South China Sea.The deal, valued at approximately $375 million,
The Philippines is actively seeking to expand its strategic alliance, known as the ‘Squad,’ to include India and South Korea in a bid to counter China’s assertive actions in the Indo-Pacific region. General Romeo S. Brawner, the chief of the Armed Forces of the Philippines, stressed this initiative during discussions at the Raisina Dialogue in New Delhi.He pointed out that China’s expansionist
Indian military transport plane delivers first consignment of BrahMos system to the PhilippinesPhilippines Foreign Affairs Secretary Enrique Manalo underscored the significant growth in India-Philippines relations as both nations commemorate 75 years of diplomatic ties. He highlighted the expanded cooperation in various sectors, including renewable energy, maritime security, cybersecurity,
The Philippines is actively pursuing the procurement of additional missile systems and military platforms from India, as stated by General Romeo Saturnino Brawner Jr., the Chief of Staff of the Armed Forces of the Philippines.This initiative reflects the country’s commitment to strengthening its defence partnership with India amid rising tensions with China in the Indo-Pacific region.In a recent
India’s defence exports are poised to experience significant growth as European nations increase their defence spending to reduce reliance on the United States for security.A recent report by Nuvama highlights that Europe’s limited manufacturing capacity and workforce shortages are creating opportunities for Indian defence manufacturers.The Pentagon’s proposed $50 billion annual budget cuts have
The India-South Africa Business Conclave 2025, held in Pretoria, marked a significant moment for defence cooperation between the two nations. The event featured discussions on enhancing defence ties through new opportunities and joint ventures.Key defence companies such as Rheinmetall Denel Munition, SAAB Grintek Defence, and Denel expressed their eagerness to deepen partnerships with
Defence stocks are witnessing a resurgence after a sharp correction, driven by the European Union’s ambitious $850 billion (€800 billion) defence rearmament plan. This initiative, aimed at bolstering Europe’s military capabilities amid rising geopolitical tensions, has rejuvenated investor confidence in the sector.In 2024, defence stocks surged due to heightened global tensions and increased