New Delhi: In just over a year from today, the Indian Navy will add fifth Scorpene submarine to its fleet, a serious addition to the sagging conventional underwater fighting capabilities, taking the strength to 17 by 2021. This has been made possible with the successful launch of the […]
(Editor’s Note: Updated at 9 am today with expert opinions on the defence export trend all over the article.) New Delhi: India could achieve just about 25 per cent of its $2-billion defence export target in the first six months of this fiscal that began Apr. 2020, hit […]
New Delhi: India’s coast guard today got its 150th ship in its fleet inducted into the force, when defence minister Rajnath Singh commissioned three vessels via video conferencing due to the social distancing restrictions imposed by the government in view of the COVID-19 global crisis. Rajnath Singh, based […]
New Delhi: India’s Defence Public Sector Undertakings (DPSUs) have a healthy order book worth Rs 2,31,981 crore ($32.5 billion) that could help them stay in business for a period ranging from two years to 10 years. The details of the order book for each of the DPSUs is […]
New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
New Delhi: India has set a target of $5 billion defence exports by 2025 and to achieve this target, the Narendra Modi government has taken several steps and carried out reforms in the policy, enabling seven-fold growth in defence export authorisation in the last two years. The measures […]
New Delhi: India has established a joint venture between two state-run enterprises to produce 60,000 tonnes-a-year of high end aluminium alloy used in the strategically important aerospace, aviation and defence sectors. India’s defence ministry-run Mishra Dhatu Nigam Limited (MIDHANI) and mining ministry-run National Aluminium Company Limited (NALCO) have […]
New Delhi: India has set a target of $26-billion defence industry by 2025 and to achieve this target, the Narendra Modi government has taken several policy measures through the Ministry of Defence. Minister of State for Defence Shripad Naik told members of Parliament of India from the Council […]
