Defence Minister Rajnath Singh emphasised the crucial role of these reforms in shaping India's self-reliance, noting the immense potential for foreign companies in India's aerospace and defence sector
In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million
An indigenously-developed jetpack has elicited interest of the defence forces, especially the Indian Army which has called for a demonstration, the device manufacturer said on Friday. Absolute Composites Private Limited which manufactures Unmanned Aerial Vehicles (UAV) has come up with the jetpack propelled by turbojet engines. "It is a working model. We have trained pilots also," Raghav Reddy, managing director of the company, told PTI. He said the firm has not yet received orders but the Indian armed forces evinced interest. "Next week, there will be a demonstration in a hilly terrain where they will evaluate the configuration and its functionality. If we are able to tick their boxes of requirement, then they may look at buying but as of now it's a Request For Proposal (RFP)," Reddy explained. Stating that the jetpack is a prototype, the company MD said he was confident that their product will qualify. According to him, the jetpack has endurance of seven to eight minutes and it
The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023
BFL and global aerospace and technology company, Paramount Group have signed a MoU for the development and production of Composite Rotor Blades, Mission Systems and Stores Management systems.
The agreement, announced at the Aero India 2023, includes transfer of intellectual property (IP) for the design and manufacture of the OAS for Indian helicopters and potential future exports
In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment
Innovation aided by Make in India that prioritised local procurement, says tech firm Zeus Numerix
Union Defence Minister Rajnath Singh on Tuesday held a bilateral meeting with Zambian counterpart Ambrosa Lufuma on the sidelines of Aero India 2023 in Bengaluru
Indian armed forces are all set to test the suit manufactured by this Bengaluru startup which will enable soldiers to fly like birds and carry out missions in March
While much has been said about how fighter jets are marvels of engineering, it is imperative to understand what the fifth-generation jets are and how they are the most advanced fighters in the world
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The United States Air Force (USAF) has once again sent their B-1B Lancers and an array of other defence machinery to participate in the Aero Show held at Bengaluru, according to an official statement.
'We are keen to partner India for co-development of combat engine technology in the country. We believe that such a partnership should result in the transfer of both know-how & know-why', says company
Indian Prime Minister Narendra Modi on Monday set out ambitions to more than triple annual defence exports to $5 billion over the next two years, as arms firms flocked to a major air show for a slice
Life cycle cost of weapons systems must be considered
Taking a swipe at Prime Minister Narendra Modi, the Congress on Monday said "the man in fancy dress" has claimed credit for Aero India when the truth is that it started in 1996 and is held in Bengaluru because of the presence of organisations there tracing their origins to the Nehruvian era. The opposition party's attack came after Prime Minister Modi inaugurated the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru. Congress general secretary in-charge communications Jairam Ramesh said on Twitter, "The man in fancy dress claims credit for Aero India, the show held in Bengaluru. The truth is it started way back in 1996 and gained in strength over the years." "It's held in Bengaluru simply because of the presence of organisations there tracing their origins to the Nehruvian era," Ramesh said. After inaugurating the 14th edition of Aero India, Modi, who was wearing a hat along with kurta-pyjama and 'sadri' jacket, said India has ...
Defence Minister Rajnath Singh Monday stated that Aero India Show 2023 has given a strength to the Indian defence sector and a new identity to the country in the world.
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Prime Minister Narendra Modi on Monday showcased India as an attractive destination for investment in the defence manufacturing sector, and said the country will move towards becoming one of the leading exporters of military hardware globally backed by favourable economic policies. After inaugurating the 14th edition of Aero India at the Yelahanka Air Force station complex on the outskirts of Bengaluru, he said India has rejuvenated its defence production sector in the last eight-nine years and is looking at increasing the export of military hardware from USD 1.5 billion (one billion=Rs 100 crore) to USD five billion by 2024-25. "The new India of the 21st century will neither miss any opportunity nor will it lack any effort. We are gearing up. We are bringing revolution in every sector on the path of reforms, Modi said. The country, which was the biggest defence importer for decades, is now exporting defence equipment to 75 countries of the world, he said. Modi said India's defence