New Delhi: The government has given approval to "45 companies/joint ventures" operating in the defence sector with foreign OEMs (original equipment manufacturers), the Parliament was informed on Friday.Minister of State for Defence Ajay Bhatt said this in written response to a query in the Lok Sabha."The government has given approval to 45 companies/JVs operating in defence sector with foreign

The data states total defence export value stands at Rs.13,000 crores or $1.5 billion as of 6 March, 2023. India has an ambitious target of achieving $5 billion in annual defence export by 2024-25.In alignment with India’s ambitious goal to significantly accelerate the production of defence equipment indigenously, the defence export in the country as per latest data has crossed Rs 13000 crores or

Many significant projects including 155mm Artillery Gun system ‘Dhanush’, Light Combat Aircraft ‘TEJAS’, Surface to Air Missile system ‘Akash’, Main Battle Tank ‘Arjun’, T-90 Tank, T-72 Tank, Armoured Personnel Carrier ‘BMP-II/IIK’, Su-30 MK1, Cheetah Helicopter, Advanced Light Helicopter, Dornier Do-228, High Mobility Trucks, INS Kalvari, INS Khanderi, INS Chennai, Anti-Submarine Warfare

The Indian government has set a target of achieving defence manufacturing worth Rs 1,75,000 crore, including defence exports of Rs 35,000 crore by 2024-25. Minister of state for Defence Ajay Bhatt said the value of production undertaken by private companies and state-run defence manufacturers in 2021-22 was Rs 86,078 crore while the amount was Rs 88,631 crore in 2020-21 and Rs 63,722 crore in

“Defence sector has emerged as a major demand creator; Orders worth over $100 billion expected in the next 5-10 years,; looks to achieve 100% Indigenization of Tejas fighter aircraft”Defence Minister Rajnath Singh reviewed the operational capabilities of the Indian Navy during the Naval Commanders’ Conference held aboard India’s first Indigenous Aircraft Carrier INS Vikrant on March 06, 2023. He