The Parliamentary Standing Committee on Defence, in its report tabled in the Lok Sabha on Tuesday, has flagged a slew of challenges being faced by India’s armed forces. The panel has expressed concern over ‘considerable delay’ in the supply of 40 TEJAS Light Combat Aircraft (LCA) by Hindustan Aeronautics Limited. It has recommended that the government should consider buying state-of-the-art

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