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India’s export of military hardware reached an all-time high of Rs 15,920 crore in the financial year 2022-2023 with Prime Minister Narendra Modi describing it as a clear manifestation of enthusiasm towards ‘Make in India’ initiativeThe value of total defence exports in 2022-23 is a ten-fold increase compared to the amount of Rs 1,521 crore recorded in exporting military hardware in 2016-17."
With defence exports reaching an all-time high, Prime Minister Narendra Modi
said on Saturday that it shows the reforms in this sector over the last few
years are delivering good results. The government will keep supporting efforts
to make India a defence production hub, he tweeted.
The prime minister was reacting to Defence Minister Rajnath Singh’s tweet that
India’s
Union Defence Minister Rajnath Singh said that by 2026, defence sector exports would rise to ₹35,000 to ₹40,000 croreIndia would be exporting defence equipment and material worth ₹35,000 to ₹40,000 crore by 2026, Union Defence Minister Rajnath Singh said on March 28.The Minister was delivering the Field Marshal Sam Manekshaw memorial lecture here on ‘The role of youth in nation building’,
CHENNAI: USNS Matthew Perry is the second ship of the U.S. Navy to complete maintenance works at L&T shipyard after USNS Charles Drew completed voyage repair in August last year.The U.S. Navy’s Lewis and Clark-class dry cargo ship, USNS Matthew Perry, has successfully completed maintenance and repair work at L&T shipyard in Kattupalli near Chennai. The maintenance and repair work began on March
Amphibian Aerospace is based out of Darwin, Australia. The 28-seater Amphibious Aircraft is capable of landing and taking off from land, water, and snowCHENNAI: Hawking Defence Services, a Chennai-based Def-Tech company operating in the field of defence and aerospace signed a procurement cum partnership agreement with Australia-based Amphibian Aerospace Industries, manufacturers of "Albatross"
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
India’s (DRDO-GTRE) efforts to develop a practicable military grade turbofan engine has not been successful due to the advanced high-tech inputs involved in its overall developmentNew Delhi: The General Electric’s proposal to share technology with India for fighter jet engines is a step in the right direction and both countries can work together to move forward on it, a top American military
Private firm Garuda Aerospace stealth UAVThe government and the industry must collaborate closely to develop high-quality defence equipment that meets global standards, ensure cost competitiveness, and explore strategic partnerships with foreign companiesby Girish LingannaIndia’s defence industry is at a crucial juncture. The country is one of the world’s largest importers of defence equipment,