Belrise Industries partners with Israel’s Plasan Sasa to enhance India’s defence capabilities through the ATEMM platform, aiming for indigenisation under Make in India initiatives.
On November 26, 2025, India approved a INR 7,280-crore scheme to establish an integrated manufacturing ecosystem for sintered Rare Earth Permanent Magnets (REPM). This initiative aims to enhance domestic production, reduce import reliance, and support the Atmanirbhar Bharat mission, aligning with India’s Net Zero 2070 commitments while creating skilled jobs and boosting advanced manufacturing.
Bharat Electronics Limited and Safran Electronics & Defense have signed a Joint Venture Cooperation Agreement to manufacture the HAMMER precision-guided weapon system in India, enhancing the ‘Make in India’ initiative. The 50:50 joint venture will focus on indigenization, with BEL leading assembly and support, boosting India’s strategic autonomy in advanced munitions.
India’s Solar Industries India Limited has secured INR 1,400 crore in export orders for defence products, marking a significant long-term contract. This reinforces its role in global defence manufacturing, with the defence segment growing 57% year-on-year. The company aims to achieve its FY26 revenue target of INR 3,000 crore.
