Make In India Defence

Union Defence Minister Rajnath Singh congratulated DRDO, the Armed Forces and the Industry for the successful flight trial of the country's first long-range hypersonic mission, and termed

PM Modi stated that India's defence production has soared to Rs 1.27 trillion (2023-24) while defence exports has presently increased to Rs 21,000 crore

Mobile manufacturing to renewable energy & electric vehicles, Prime Minister Narendra Modi highlights success under India's Make in India initiative which started September 25

Armenia became the largest foreign recipient of Indian weapons in 2020, with defence contracts with India amounting to an estimated $2 billion

Economic Survey 2023-24 says India has gone from being world's second-largest arms importer between 2015 and 2019 to securing a place in the list of the top 25 arms exporter nations

Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview

Private sector and DPSUs contributed about 60 per cent and 40 per cent of FY24's defence exports, respectively

DRDO Chairman Samir V Kamat on Saturday said the Indian government's determination to make India self-reliant in defence production has led to a leap in the sector. Asked about what made the 'Make in India' a success story, Kamat said, "Several factors have made this story possible, the first amongst it is government determination to make Aatmnirbharta happen. I think that is the most important factor which has changed the storyline." "We have been talking about self-reliance for a long time but there was no determination on the part of the government. Once the present government has come to power they have really made a strong push to enforce Aatmnirbharta," Kamat said at the Firstpost Defence Summit 2024. "The list that the government has published, which services now have to buy from Indian companies, has given a push to Indian companies to invest and start making the systems within the country... Also speeding up of the acquisition process with DAP 2020, has given fillip to this

Defence Minister Rajnath Singh on Sunday said the government is developing a strong base of domestic defence industrial ecosystem to make the country a strategic economy. Addressing the 21st Convocation of Tezpur University here, Singh said his ministry is making all efforts to achieve the target of becoming self-reliant in the defence sector. "Our government is developing a strong base of domestic defence industrial ecosystem to make India a strategic economy", he said. Highlighting the various steps taken by the Ministry of Defence, Singh stressed that for the first time, the import of arms went down while exports rose. "We issued five positive indigenisation lists, under which 509 defence equipment have been identified whose manufacturing will now be done indigenously. "In addition, we have also issued four positive indigenisation lists of Defence Public Sector Undertakings, in which 4,666 items have been identified and these will now be manufactured in our country," he ...

India demonstrated the capability of the Akash missile system to engage four aerial targets simultaneously at a range of 25 kilometres, the Defence Research and Development Organisation (DRDO) said on Sunday. It said India became the first country to have such a capability using a single firing unit. "India became first country to demonstrate the capability of engagement of 04 aerial targets simultaneously at 25Km ranges by command guidance using single firing unit. The test was conducted by @IAF_MCC using Akash Weapon System," the DRDO said in a post on 'X'. It is learnt that the capability of the home-grown missile system was displayed at the 'Astrashakti' military exercise on December 12. The exercise was held by the Indian Air Force. The Akash, with a range of up to 25 km, is a short-range surface to air missile primarily used for protecting vulnerable areas and points from air attacks. The missile system is among the key platforms that India is exporting to friendly foreign

PEL said it has won contracts worth Rs 292.11 crore from the Indian Air Force for supply of Chaffs, and orders amounting to Rs 260.15 crore for supply of Flares

These 164 items, which the MoD estimates carry an import substitution value of Rs 814 crore, were scheduled to be indigenised by December 2022

According to the report, the defence ministry is calling Indian companies for meetings, and once the capability assessment is complete, steps would be taken to hand over contracts

Underlining the potential of India's defence sector PM Narendra Modi on Monday said the country which was the biggest defence importer for decades now exports defence equipment to 75 countries.

Has the rally in defence-related stocks run its course?

India is moving towards indigenisation of the defence sector. As the govt's indigenisation theme gains steam, will the sector have more legs to rally in the near-term or consolidation is likely?

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation

India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later

Rajnath Singh exhorted American firms to carry out joint research and co-development of military hardware in India, saying the engagement should move beyond the traditional buyer-seller relationship.

In the absence of robust technological and project management structures, MoD's indigenisation drive will remain questionable

Chief of Army Staff General MM Naravane on Thursday proceeded on a five-day visit to Bangladesh to enhance defence cooperation and strong bilateral ties between the two nations