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The Modi government has significantly bolstered India’s military capabilities through substantial capital spending on defence equipment. In the fiscal year 2024-2025, the government spent over ₹2 lakh crore on defence acquisitions, marking a peak in capital expenditure without any fund surrenders, unlike previous years.This trend continues with plans to approve the purchase of 26 Rafale-Maritime
South Korea’s Hanwha has secured a $253 million contract to supply India with a second batch of 100 K9 Vajra-T self-propelled howitzers, significantly expanding India’s artillery capabilities while deepening defence ties between the two nations.The new agreement, announced on April 3, 2025, builds upon the successful delivery of the first 100-unit order completed in 2021 and reinforces India’s
India’s defence technology landscape is undergoing a significant transformation, with home-grown start-ups emerging as key players in reducing the country’s historical dependence on imported military hardware. This shift comes amid growing government support through initiatives like the Innovations for Defence Excellence (iDEX) program, changing investor attitudes, and evolving warfare needs. The
The aerospace division of Godrej Enterprises Group has signed an initial agreement with EOS, a leading provider of industrial 3D printing solutions, to develop an additive manufacturing (AM)-based ecosystem tailored to India’s aviation and space industries.This partnership aims to revolutionise manufacturing processes by leveraging AM technology, which enables the creation of complex shapes and
Defence technology start-up Tonbo Imaging has successfully raised ₹175 Crores in a Series D pre-IPO funding round led by Florintree Advisors and Export-Import Bank of India, valuing the company at ₹1,500 Crores.The funds will be utilized to develop next-generation infrared sensors, deploy high-power microwave technologies for battlefield applications, and expand its global presence.Founded in
Bharat Forge Chairman Baba Kalyani announced that the company exported 100 artillery guns, including 18 Advanced Towed Artillery Guns (ATAGs), to several countries, including Europe, in the previous year.This marks a milestone for the Indian defence manufacturer, as exports were made even before supplying these systems to the Indian Army.Speaking at a press conference in Pune, Kalyani highlighted
Bharat Forge Limited (BFL), a global leader in metal forging and engineering, has inaugurated a state-of-the-art defence manufacturing facility spanning 3,00,000 sq. ft. in Jejuri, near Pune.This advanced facility is designed with a flexible multi-model layout and integrated testing capabilities, making it a cornerstone for the production of indigenous artillery systems and specialised defence
Paras Defence and Space Technologies, an Indian defence firm, has signed a Memorandum of Understanding (MoU) with MicroCon Vision, an Israeli company that is part of Controp and the Rafael Group. This collaboration aims to bring advanced drone camera technology to India at significantly reduced costs while enhancing indigenous production capabilities.Under the agreement, Paras Defence will become
Kirloskar Oil Engines Limited has secured a significant order from the Defence Ministry for the design and development of a 6MW medium-speed marine diesel engine. The project, valued at ₹270 crore, aims to enhance India’s self-reliance in marine engine development. With over 50% indigenous content, the engine will be developed under the Make-I category, a government initiative to promote
The second edition of Start-Up Mahakumbh commenced on April 3, 2025, at Bharat Mandapam, New Delhi, and is set to run until April 5. The event, organized by the Department for Promotion of Industry and Internal Trade (DPIIT), marks a significant expansion compared to its inaugural edition.DPIIT Joint Secretary Sanjiv Singh announced that nearly 3,000 start-ups are participating this year,