Tag: Budget

India defence budget plans $21 billion arms purchases in FY26 – $13 billion from domestic firms

By N. C. Bipindra New Delhi: In pursuance of Prime Minister Narendra Modi-led government’s vision of ‘Viksit Bharat @ 2047’’ (Developed India by 2047) with technologically advanced and ‘Aatmanirbhar’ (Self-Reliant) armed forces, India’s budget for 2025-26 fiscal has provisioned Rs. 6,81,210.27 crore (~US$79 billion) to the Ministry of […]

India opens new defence manufacturing unit in Uttar Pradesh industrial corridor

New Delhi: India‘s Minister of Defence Rajnath Singh today operationalised a private sector defence manufacturing facility in Uttar Pradesh Defence Industrial Corridor (UPDIC) in Lucknow. The facility, run by Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, will manufacture parts for aircraft engines, helicopter engines, […]

India can handle China, but military last option: Gen. Narasimhan – India needs to reset China ties after Galwan: Bambawale

New Delhi: India can handle China militarily with the qualitative defence capabilities that the Indian armed forces possess today, but the military action should be the last resort, said a former Corps Commander, who was tasked with defending Arunachal Pradesh from the Asian dragon’s aggression while in military […]

India forms state-run defence JV for 60k tons/yr aluminium alloy plant

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 […]