New Delhi: To provide an impetus to self-reliance theme of Prime Minister Narendra Modi, India today made public a draft Defence Production and Export Promotion Policy 2020, reiterating the already stated policy guidelines such as arms manufacturing target of Rs 175,000 crore ($25 billion), including Rs 35,000 crore […]
By Rupali Ghanekar Acknowledging wealth creation for all as a means to build a vibrant economy, the government of India, through various programmes, has appealed to Indian and foreign corporates to invest and grow their businesses in India. Against this backdrop, it would be important to draw attention […]
By Angad Singh If the annual SIPRI data consistently showing India among the top few arms importing nations in the world is a depressing commentary on the state of India’s military-industrial capability and capacity, the 2020 figures bring some cheer. Although India is second only to Saudi Arabia […]
By N. C. Bipindra Lucknow: Lockheed Martin has drawn the attention of India to an enticing $165-billion F-16 combat aircraft ecosystem market globally, as it prepares to bid for the world’s biggest combat aircraft order. The world’s largest defence firm has pitched its F-21, with substantial capabilities that […]
New Delhi: India and Russia may soon get their first export customer in Philippines for their joint venture BrahMos missile, even as New Delhi is engaged in price negotiations with Manila for a possible sale. The deal could be concluded in 2020 and the end customer could be […]
New Delhi: India’s Narendra Modi government has approved procurement proposals worth Rs 4,09,244 crore ($57 billion) since taking office for the first time in May 2014 till September this year. “The government, in the last five years, that is, from 2014-15 to 2018-19 and in the current year […]
New Delhi: India’s indigenous Light Combat Aircraft ‘Tejas’ could enter a contest against China-Pakistan JF-17 in the Royal Malaysian Air Force‘s tender. If Tejas wins the race to supply 36 new light combat aircraft to Malaysia, this will be India’s first foreign sale and export of the indigenous […]
Bangkok: India is committed to achieving $26-billion defence industry by 2025, Minister of Defence Rajnath Singh today said at an industry event here, exhorting global arms manufacturers to join the ‘Make in India’ initiative of the Narendra Modi government. Speaking at the ‘India Rising’ event, organised by the […]
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’s Minister of Defence Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components and intra-company transfer of technology to select countries. The decision is expected to give a boost to defence exports and enhance ease of […]
New Delhi: India’s defence manufacturers have come together to launch an export-focused industry body to expand the scope of business opportunities abroad. The ‘Indigenous Defence Equipment Exporters Association’ (IDEEA), a non-profit association under Section 8 of the Companies Act, 2013, was launched today here, in the presence of […]
New Delhi: India’s Narendra Modi government has targeted a $26-billion defence industry by 2015, Minister of Defence Rajnath Singh said today. The target is expected to boost the sagging economy of the country. which has seen the Gross Domestic Product growth decelerating to an over five-year low at […]
New Delhi: The Narendra Modi government is planning to boost defence exports from the current 107-billion rupees ($1.5 billion) to friendly foreign nations by taking the help of the private sector in arms production. Defence Minister Rajnath Singh, who met with nearly 45 public and private aerospace and […]
New Delhi: To promote ‘Make in India‘ in defence and aerospace, Defence Minister Rajnath Singh will interact with top industry leaders at Vigyan Bhawan Annexe, here tomorrow. India’s Ministry of Defence, under the aegis of Department of Defence Production, will host the ’roundtable’, a statement from the government […]
