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India’s defence budget for 2024 is set at approximately $74.7 billion, positioning the country as one of the largest military spenders globally. This significant financial commitment reflects India’s ambition to emerge as a military superpower, driven by a strategic focus on self-reliance and modernization of its armed forces. The budget marks a notable increase from previous years, with an
India is set to achieve a record-breaking milestone in defence procurement this year, with the Ministry of Defence (MoD) aiming to sign contracts valued between ₹2-3 lakh crore. This marks a significant increase from the previous highest contract awards of ₹1 lakh crore in 2023-24.The Defence Secretary informed the parliamentary standing committee on defence that the ministry has already
Gridbots Technologies has successfully completed a ‘No Cost, No Commitment’ (NCNC) trials for their autonomous ground vehicle, the HITMAN, at a firing range. This advanced unmanned ground vehicle (UGV) features level 5 autonomy, enabling it to operate independently in outdoor environments.The HITMAN is equipped with a mounted KATANA Remote Controlled Weapon Station (RCWS), which enhances its
Pravaig Dynamics, a Bangalore-based electric vehicle start-up, has achieved a significant milestone with its all-terrain stealth vehicle, the Veer.The Veer has successfully completed rigorous military trials, demonstrating its operational capabilities in challenging environments. This achievement has been recognised by the Indian Ministry of Defence, which awarded Pravaig the prestigious iDEX
India has marked a significant milestone in its unmanned combat and surveillance strategy with the successful maiden flight of the Sheshnag-150, a long-range precision strike Unmanned Aerial Vehicle (UAV) developed by Bengaluru-based NewSpace Research and Technologies (NRT).The Sheshnag-150, named after the mythological serpent Sheshnag, is designed to meet the Indian Armed Forces’ emerging needs
A defence panel has recommended that the Defence Research and Development Organisation (DRDO), public sector undertakings (PSUs), and the private sector collaborate to enhance the Indian Air Force’s (IAF) capabilities and achieve the goal of "Atmanirbharta" or self-reliance.This recommendation is part of a broader strategy to address the IAF’s current challenges, including a significant shortage
India’s defence sector is poised for significant growth amid global shifts, as highlighted in a report by Nuvama. The sector is expected to experience substantial expansion driven by both domestic and international factors.Defence exports are projected to reach ₹203 billion in FY25, with a government target of ₹500 billion by FY29, marking a significant increase in India’s role in the global
Former DRDO Chairman and Aeronautical Society of India President Dr. G Satheesh Reddy recently met with Chief Minister N Chandrababu Naidu at the State Secretariat in Vijayawada to discuss industrial growth in Andhra Pradesh. During the meeting, Reddy presented a plan to establish defence sector industries across various regions in the state, aiming to support 50 aspiring entrepreneurs.He sought
Rangsons Aerospace, a prominent Indian product technology company specialising in aerospace, defence, and homeland security, has secured a substantial investment of ₹300 crore (approximately USD 36.5 million).This funding, led by ValueQuest Investment Advisors, aims to enhance the company’s operational capacity to meet the increasing global demand for its products and solutions in both commercial
Unistring Tech Solutions Pvt. Ltd., a prominent player in the electronic warfare domain, has recently secured a prestigious contract from the Defence Research and Development Organisation (DRDO) for an advanced defence project.This contract, valued at ₹10.3 Crores, involves the development of a compact electronic warfare system, further enhancing Unistring Tech’s capabilities in delivering