Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s <keyword id="19938893" type="General" weightage="20" keywordseo="defence-exports" source="keywords">defence exports</keyword> have surged from Rs 15 billion in 2017 to Rs 210 billion in 2024, registering a CAGR of 46 per cent, highlighted a report on 'Defence Conference 3.0' by Antique Stock Broking. The report stated that the <keyword id="20861069" type="General" weightage="20" keywordseo="global-shift" source="keywords">global shift</keyword> towards a China+1 strategy and the impact of the <keyword id="20016971" type="General" weightage="20" keywordseo="Russia-Ukraine-war" source="keywords">Russia-Ukraine war</keyword> offer India additional opportunities to fill supply chain gaps, potentially boosting its share in the <keyword id="23046732" type="General" weightage="20" keywordseo="global-defence-industry" source="keywords">global defence industry</keyword>. The report noted that the country's long-term goal is to become a global defence manufacturing hub is driven by Defence Public Sector Undertakings (DPSUs), private enterprises, start-ups, and MSMEs. "Indian defence exports have grown multi-fold from INR 15 bn in 2017 to INR 210 bn in 2024 at a CAGR of 46%. The China + 1 strategy and the Russia-Ukraine war provides an additional opportunity for India to fill the gap created in the supply chain and hence increase its contribution to the global defence industry," the report read. The report added that to achieve this target a well-developed domestic ecosystem is crucial as lower import content in products accelerates approvals by reducing international conflicts. The report added that the Ministry of Defence has taken key initiatives to attract Indian private players and global Original Equipment Manufacturers (OEMs) include establishing aerospace parks and defence corridors, fast-tracking project approvals, and enhancing development and testing facilities. Highlighting the potential in India's Maintenance, Repair, and Overhaul (MRO) segment the report explained that it holds a significant potential for global aerospace companies due to its technical expertise and cost-competitive solutions. "India provides a huge opportunity in the <keyword id="23046733" type="General" weightage="20" keywordseo="MRO-segment" source="keywords">MRO segment</keyword> for global aerospace leaders given the expertise the country provides as well as the cost efficiency solutions compared to its global competitors" the report added. India aims to increase domestic defence turnover to Rs 3 lac crore by 2029, Rs 500 billion targeted for exports. This growth will help reduce the Government of India's import bill as India remains the world's largest importer of defence equipment. Under the Atmanirbhar Bharat initiative of the government, 75 per cent of the defence capital outlay is now reserved for domestic players, up from 49 per cent in FY21. Given the geopolitical challenges and modernisation needs of its Armed Forces, the report added that India plans to invest Rs 8.3 lac crore in domestic procurement, offering substantial business opportunities for local companies. "India intends to place orders worth INR 8.3 trn through domestic procurement and thus it presents a massive business opportunity for local players" it added. As per the Ministry of Defence, India's defence manufacturing sector has witnessed an increase of 16.8 per cent in the fiscal year 2023-24. This significant increase marks the highest-ever growth in the country's defence production value. The total value of defence production reached Rs 1,26,887 crore this year, up from the previous year's figures.

India's defence exports surge to Rs 210 billion after global shift towards China+1, Russia-Ukraine war: Report

The <keyword id="19896088" type="General" weightage="20" keywordseo="Defence-Research-and-Development-Organisation" source="keywords">Defence Research and Development Organisation</keyword> (<keyword id="19948662" type="General" weightage="20" keywordseo="DRDO" source="keywords">DRDO</keyword>) has successfully conducted the first phase of developmental field firing trials of the <keyword id="23163444" type="General" weightage="20" keywordseo="Indian-Light-Tank" source="keywords">Indian Light Tank</keyword> <keyword id="20496286" type="General" weightage="100" keywordseo="Zorawar" source="keywords">Zorawar</keyword>. In a post on X, PRO, Defence, Guwahati said, "<keyword id="19948662" type="General" weightage="20" keywordseo="DRDO" source="keywords">DRDO</keyword> successfully conducted developmental field trials of <keyword id="23163444" type="General" weightage="20" keywordseo="Indian-Light-Tank" source="keywords">Indian Light Tank</keyword>, <keyword id="20496286" type="General" weightage="100" keywordseo="Zorawar" source="keywords">Zorawar</keyword>. The collaboration with Indian industry aids in the growth of the domestic manufacturing ecosystem." The first phase of developmental field firing trials of Indian <keyword id="22313476" type="General" weightage="20" keywordseo="light-tank" source="keywords">light tank</keyword> 'Zorawar' was conducted by DRDO on Friday. "<keyword id="19896088" type="General" weightage="20" keywordseo="Defence-Research-and-Development-Organisation" source="keywords">Defence Research and Development Organisation</keyword> (DRDO), on September 13, 2024, successfully conducted the preliminary <keyword id="23166474" type="General" weightage="20" keywordseo="automotive-trials" source="keywords">automotive trials</keyword> of the Indian <keyword id="22313476" type="General" weightage="20" keywordseo="light-tank" source="keywords">light Tank</keyword>, Zorawar, a highly versatile platform capable of deployment in high-altitude areas," as per a press release from the Ministry of Defence. During the field trials conducted in the desert terrain, the Light Tank demonstrated exceptional performance, efficiently meeting all the intended objectives. In the initial phase, the tank's firing performance was rigorously evaluated and it achieved the required accuracy on designated targets, the Defence Ministry stated. Zorawar has been successfully developed by the Combat Vehicles Research &amp; Development Establishment (CVRDE), a unit of the Defence Research and Development Organisation (DRDO), in collaboration with <keyword id="19975888" type="General" weightage="20" keywordseo="Larsen-Toubro" source="keywords">Larsen &amp; Toubro</keyword> Ltd (L&amp;T). "Numerous Indian industries, including Micro, Small, and Medium Enterprises (MSMEs), contributed to the development of various sub-systems, showcasing the strength of indigenous defence manufacturing capabilities within the country," Ministry of Defence stated in the release. Union <keyword id="19953821" type="General" weightage="20" keywordseo="Defence-Minister" source="keywords">Defence Minister</keyword> <keyword id="19911645" type="General" weightage="20" keywordseo="rajnath-singh" source="keywords">Rajnath Singh</keyword> lauded DRDO, the Indian Army, and all associated industry partners for the successful trials of the Indian Light Tank. He described the achievement as a significant milestone towards India's goal of self-reliance in critical defence systems and technologies, as per the Ministry of Defence. Learning from the Russia-Ukraine conflict, DRDO and L&amp;T have integrated USV and loitering munition in the Zoravar tank. Initially, 59 tanks will be given to the army. Weighing 25 tonnes, this tank can move at high speed in mountain valleys and two tanks can be transported at a time by the Indian Air Force's C-17 aircraft.

DRDO successfully conducts first phase of field firing trials of Indian light tank 'Zorawar'

New Delhi: The decision of the <keyword id="20330004" type="General" weightage="100" keywordseo="Defence-Acquisition-Council" source="keywords" meta.keywordsubtype="org" meta.entityname="Defence Acquisition Council" meta.hostid="261" meta.entityid="Defence Acquisition Council">Defence Acquisition Council</keyword> (DAC) to accept 10 <keyword id="22515789" type="General" weightage="20" keywordseo="capital-acquisition" source="keywords">capital acquisition</keyword> proposals worth Rs 1.4 trn will not only boost <keyword id="23034601" type="General" weightage="20" keywordseo="domestic-defence-manufacturing" source="keywords">domestic defence manufacturing</keyword> but will contribute to the growth of the <keyword id="20362868" type="General" weightage="20" keywordseo="PSU-companies" source="keywords">PSU companies</keyword> in the defence sector, highlighted a report by Antique Stock Broking. The report noted that the growth of domestic defence manufacturing in the country has picked up significantly over the last few years and is expected to grow further in the future. It added that the government's focus on enhancing domestic capabilities is evident from its initiatives in FY24, where Acceptance of Necessity (AoN) was accorded to proposals worth approximately Rs 3.61 trillion under various capital procurement categories. These initiatives are in line with the Defence Acquisition Procedure (DAP) 2020, which strongly promotes domestic manufacturing. "The government, in FY24, accorded Acceptance of Necessity (AoN) to proposals worth approximately INR 3.61 trn under various categories of capital procurement, which promotes domestic manufacturing as per DAP-2020" said the report. A significant milestone highlighted in the report is the remarkable increase in the share of domestic procurement in India's defence sector. The share has improved from 54 per cent in FY19 to 75 per cent in FY24. The report noted that this trend is expected to strengthen further, driven by the fact that more than 99 per cent of the announced proposals are to be sourced from the domestic industry under the "Buy (Indian)" and "Buy (Indigenously Designed, Developed, and Manufactured)" categories. "The total share of domestic procurement has seen a phenomenal improvement from 54% in FY19 to 75% in FY24 and is expected to improve further. The report stated that the DAC's (Defence Acquisition Council) approval of proposals worth Rs 1.45 trillion is aimed at enhancing the operational capabilities of the Indian Armed Forces. The report further emphasizes that with Rs 1.45 trillion worth of projects already approved in the year-to-date FY25, the <keyword id="20994345" type="General" weightage="20" keywordseo="defence-PSUs" source="keywords">defence PSUs</keyword> are poised for strong growth in the near to long term. "With approval for Rs 1.45 trn worth of projects in YTDFY25, we believe defence PSUs have strong growth opportunities in the near to long term" the report added. The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost of AoNs, 99 per cent is from Indigenous sources under the Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories, the Ministry of Defence stated. For the modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all-terrain ability, multilayered protections, precision and lethal fires over and real-time situational awareness, the release stated. The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect and track aerial targets and provide firing solutions. The proposal has also been approved for Forward Repair Team (Tracked) which has suitable cross-country mobility for carrying out in-situ repair during mechanised operations.

DAC capital acquisition of Rs 1.4 trn to boost defence PSUs: Report

The <keyword id="19905108" type="General" weightage="20" keywordseo="ministry-of-defence" source="keywords">Ministry of Defence</keyword> has sanctioned over Rs 300 crore through its <keyword id="20416767" type="General" weightage="100" keywordseo="technology-development-fund" source="keywords">Technology Development Fund</keyword> (TDF) to create an ecosystem aimed at enhancing capabilities in cutting-edge technology and promoting '<keyword id="20460685" type="General" weightage="20" keywordseo="aatmanirbharta" source="keywords">Aatmanirbharta</keyword>' in defence, an official statement said on Thursday. The Technology Development Fund (TDF) scheme is a flagship programme of the Ministry of Defence, executed by <keyword id="19948662" type="General" weightage="20" keywordseo="drdo" source="keywords">DRDO</keyword> under the '<keyword id="20018809" type="General" weightage="20" keywordseo="make-in-india" source="keywords">Make in India</keyword>' initiative. Under this initiative, the government provides grants-in-aid to Indian industries, including <keyword id="19910977" type="General" weightage="20" keywordseo="msmes" source="keywords">MSMEs</keyword> and <keyword id="19945815" type="General" weightage="20" keywordseo="startups" source="keywords">startups</keyword>, as well as academic and scientific institutions, for the development of defence and dual-use technologies that are currently not available in the Indian defence industry. With these initiatives, the Ministry aims to engage private industries, especially MSMEs and startups, to foster a culture of design and development in military technology and support them with grants-in-aid. The TDF seeks to enhance the capacity and capability of Indian industries for the design and development of defence technologies in the country. It aims to create an R&amp;D ecosystem where industry and academia work together to meet the current and future requirements of the Armed Forces and the defence sector. The government aims to achieve 'Aatmanirbharta' in defence technology by building a robust defence manufacturing ecosystem in the country. The <keyword id="19910956" type="General" weightage="20" keywordseo="defence-ministry" source="keywords">Defence Ministry</keyword> on Wednesday highlighted several successful startups benefiting from the scheme. Pune-based startup <keyword id="22281521" type="General" weightage="20" keywordseo="Combat-Robotics" source="keywords" meta.keywordsubtype="org" meta.entityname="Combat Robotics" meta.hostid="153" meta.entityid="Combat Robotics">Combat Robotics</keyword>, with the help of the scheme, has successfully developed an innovative simulator for <keyword id="20146841" type="General" weightage="20" keywordseo="unmanned-vehicles" source="keywords">unmanned vehicles</keyword>. This multi-domain simulator supports unmanned ground vehicles (UGVs), unmanned underwater vehicles (UUVs), unmanned surface vehicles (USVs), and unmanned aerial vehicles (UAVs), serving as an excellent development tool for agencies working on autonomous systems. Another Pune-based defence equipment startup, ChiStats Labs Private Limited, is developing virtual sensors for aero gas turbine engine health monitoring, which helps to increase the operational reliability and longevity of the engines. The system is built on modern artificial intelligence/machine learning (AI/ML) technologies. Bengaluru-based NewSpace Research and Technologies Pvt. Ltd., under the project titled 'Autonomous Drone as First Responder for Search and Report Operations in Enclosed/Indoor Environments', has created a cutting-edge UAV capable of exploring indoor environments under various conditions, including zero light. The success of this project will open up various applications, including search and rescue operations, surveillance, industrial inspections, environmental monitoring, and hazardous environment exploration, contributing significantly to technological advancements in unmanned aerial systems, the Ministry added. The technology has been developed under the technical guidance and mentorship of CAIR, Bengaluru.

Defence ministry allocates Rs 300 cr for technology development fund to promote Make in India products

<keyword id="19945808" type="General" weightage="20" keywordseo="Wayanad" source="keywords">Wayanad</keyword>: <keyword id="20501159" type="General" weightage="20" keywordseo="rescue-operations" source="keywords">Rescue operations</keyword> by the <keyword id="19992067" type="General" weightage="20" keywordseo="Indian-Air-Force" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Air Force" meta.hostid="261" meta.entityid="Indian Air Force" topicspecial.url="https://economictimes.indiatimes.com/news/indian-air-force-news">Indian Air Force</keyword>, Army and state authorities are underway in the landslide-affected Wayanad region of <keyword id="19896018" type="General" weightage="20" keywordseo="kerala" source="keywords">Kerala</keyword> on Wednesday. The rescue and relief operations in landslide-hit areas of Kerala's Wayanad entered their ninth consecutive day today. "Collaborative rescue operations conducted by the IAF, IA and state authorities are ongoing in the landslide-affected Wayanad region. A specialised team of soldiers, along with the Army, was airlifted by an IAF from Kalpetta to Chaliyar River," <keyword id="22697501" type="General" weightage="20" keywordseo="PRO-Defence-Kochi" source="keywords" meta.keywordsubtype="org" meta.entityname="PRO Defence Kochi" meta.hostid="261" meta.entityid="PRO Defence Kochi">PRO Defence Kochi</keyword> posted on X. Wayanad's Chooralmala and Mundakkai were hit by massive landslides on July 30, claiming over 300 lives and creating widespread property damage. Earlier today, a special team consisting of six trained Army personnel, four SOGs (Special Operation Groups) of Kerala Police, two Forest Officers and a dog squad left for the Sunrise Valley of Soojippara waterfalls in Wayanad to carry out a search operation. "In continuation of yesterday's. operation, today we are also sending a team. We are including a cadaver dog and its handler. It is a 13-member team. We want to go some more downstream. Yesterday, 4 kilometres were covered. Today, we are trying to cover some more areas. We will maximum try to cover downstream," Taposh Basumatary, Superintendent of Police, SOG, told ANI. On Tuesday, Kerala Chief Minister Pinarayi Vijayan said that the government will ensure world-class rehabilitation in the landslide-hit areas of the Wayanad district, which will serve as an example. Addressing a press conference, Kerala Chief Minister Pinarayi Vijayan said, "We will ensure world-class rehabilitation. Our goal is to implement a resettlement model that can serve as an example for the nation and the world." The Kerala CM further highlighted that government employees and teachers have come forward to contribute at least 5 per cent of their salary to the CM disaster relief fund. Highlighting the total funds in the CMDRF, Vijayan stated, "From July 30 until Monday, we have received Rs 53.98 crores in the disaster relief fund."

Kerala: Rescue operations in landslide-affected Wayanad enter ninth day

The family of an <keyword id="20246468" type="General" weightage="20" keywordseo="Agniveer" source="keywords" meta.keywordsubtype="org" meta.entityname="Agniveer" meta.hostid="261" meta.entityid="Agniveer">Agniveer</keyword> from <keyword id="19897316" type="General" weightage="20" keywordseo="Maharashtra" source="keywords">Maharashtra</keyword> who died in the line of duty last year has said they have received an assistance of <keyword id="22254620" type="General" weightage="20" keywordseo="Rs-1-08-crore" source="keywords">Rs 1.08 crore</keyword> from the <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword>. The family's statement came after <keyword id="19953821" type="General" weightage="20" keywordseo="Defence-Minister" source="keywords">Defence Minister</keyword> <keyword id="19911645" type="General" weightage="20" keywordseo="Rajnath-Singh" source="keywords">Rajnath Singh</keyword> on Monday said an Agniveer who lays down his life in the line of duty gets a compensation of Rs 1 crore. Singh was speaking after Leader of Opposition in the Lok Sabha <keyword id="19895780" type="General" weightage="100" keywordseo="Rahul-Gandhi" source="keywords">Rahul Gandhi</keyword>, while referring to the Agnipath military recruitment scheme, claimed the government regards Agniveers as "use-and-throw labourers" and does not even give them the status of a "shaheed (martyr)". Agniveer <keyword id="22254636" type="General" weightage="20" keywordseo="akshay-gawate" source="keywords">Akshay Gawate</keyword>, native of Pimpalgaon Sarai in Maharashtra's Buldhana district, died in the line of duty in Siachen on October 21, 2023. Speaking to reporters here on Monday evening, his father Lakshman Gawate said that after Akshay Gawate's death, the family got "Rs 48 lakh as his insurance cover, Rs 50 lakh from the central government and Rs 10 lakh from the state government." He also demanded a government job for Akshay's sister. He was reply to a question by reporters on the compensation received after his son's death. The Agnipath scheme, announced on June 14, 2022, provides for the recruitment of youths between the age bracket of 17-and-half years and 21 for only four years, with a provision to retain 25 per cent of them for 15 more years. The government extended the upper age limit to 23 years later that year.

You Searched For "Defence" and got 6 results

India's defence exports surge to Rs 210 billion after global shift towards China+1, Russia-Ukraine war: Report

ANI

DRDO successfully conducts first phase of field firing trials of Indian light tank 'Zorawar'

ANI

DAC capital acquisition of Rs 1.4 trn to boost defence PSUs: Report

ANI

Defence ministry allocates Rs 300 cr for technology development fund to promote Make in India products

ANI

Kerala: Rescue operations in landslide-affected Wayanad enter ninth day

ANI

We got Rs 1.08 cr aide from govt: family of deceased Agniveer

PTI

Popular Keywords

Buying Guides