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<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="32723" type="General" weightage="100" keywordseo="defence" source="Orion">defence</keyword> ministry has approved a fresh list of 928 components and subsystems which will only be procured from the domestic industry after a ban on their import kicks in under a staggered time-line of around five-and-half years. The ministry on Sunday said the aim of the move is in sync with the government's overall aim to promote 'Atmanirbharta' (self-reliance) in defence production. It is the fourth such "positive indigenisation list (PIL)" comprising line replacement units, sub-systems and components used for various military platforms, equipment and weapons. "To promote 'Aatmanirbharta' in defence and minimise imports by defence public sector undertakings, the <keyword id="6369097" type="General" weightage="50" keywordseo="ministry-of-defence" source="Orion">Ministry of Defence</keyword> has approved fourth Positive Indigenisation List (PIL) of 928 strategically-important line replacement units/sub-systems/spares and components, including high-end materials and spares, with import substitution value worth Rs 715 crore," the ministry said in a statement. The aim of the indigenisation list is also to minimise imports by the defence public sector undertakings (DPSUs). The defence ministry has set specific timelines for import ban of the items, spanning the period from December 2023 to December 2028. This list is in continuation to the three similar PILs that were brought out in December 2021, March 2022 and August 2022 "These lists contain 2,500 items which are already indigenised and 1,238 (351+107+780) items which will be indigenised within the given timelines," the ministry said. Of the 1,238, 310 items have been indigenised so far, it said. The items which were already indigenised comprised 262 from the first PIL, 11 from the second list and 37 from the third PIL, according to the ministry. "The DPSUs will undertake indigenisation of these items through different routes under 'Make' category and in-house development through the capabilities of MSMEs and private Indian industry, thereby providing impetus to the growth in economy, enhanced investment in defence and reduction in import dependence of DPSUs," the ministry said. "In addition, this will augment the design capabilities of the domestic defence industry by involving academia and research institutions," it said. In a tweet, Defence Minister <keyword id="6355121" type="General" weightage="50" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> said the Narendra Modi government is committed towards indigenisation and ensuring self reliance in the defence sector. "Keeping this in mind, the 4th Positive Indigenisation List (PIL) of 928 strategically-important Line Replacement Units (LRUs)/Sub-systems/Spares and Components has been approved," he said. "The list includes high-end materials and spares, with import substitution value worth Rs 715 crore," Singh added. The ministry said DPSUs will soon initiate procurement action for these notified items. In the last few years, the government has taken a series of measures to promote domestic defence production. <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> is one of the largest importers of arms globally. According to estimates, the Indian armed forces are projected to spend around USD 130 billion in capital procurement over the next five years. The government now wants to reduce dependence on imported military platforms and has decided to support domestic defence manufacturing. The defence ministry has set a goal of a turnover of USD 25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years which includes an export target of USD 5 billion worth of military hardware. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/govt-to-roll-out-lost-mobile-blocking-tracking-system-pan-india-on-may-17/articleshow/100224875.cms">Govt to roll out lost mobile blocking, tracking system pan-India on May 17</a> <a href="https://www.businessinsider.in/stock-market/markets/news/fpi-bought-equity-worth-rs-18617-crore-in-may/articleshow/100225129.cms">FPI bought equity worth ₹18,617 crore in May</a> <a href="https://www.businessinsider.in/business/telecom/news/pm-modi-wants-us-to-start-building-rd-around-6g-technology-cisco-coo/articleshow/100224961.cms">PM Modi wants us to start building R&amp;D around 6G technology: Cisco COO</a>

Govt approves 4th 'positive indigenisation list' of sub-systems to promote domestic defence industry

India got its first ever export order for <keyword id="961030" type="General" weightage="20" keywordseo="BrahMos-missiles" source="Orion">BrahMos missiles</keyword> on Friday when the <keyword id="3750" type="General" weightage="80" keywordseo="philippines" source="Orion">Philippines</keyword>' <keyword id="43909" type="General" weightage="20" keywordseo="defence-ministry" source="Orion">Defence Ministry</keyword> signed USD 374 million contract with the <keyword id="2635490" type="General" weightage="20" keywordseo="brahmos-aerospace-pvt-ltd" source="Orion">BrahMos Aerospace Pvt Ltd</keyword> (BAPL) to supply undisclosed number of missiles, military officials stated. The BAPL, an India-Russian joint venture, produces the supersonic cruise missile BrahMos that can be launched from submarines, ships, aircraft, or from land platforms. The USD 374 million contract is to supply shore-based anti-ship BrahMos missiles to the Philippines' Navy, the military officials noted. In a statement, the Defence Ministry said: "The BAPL signed a contract with the Department of National Defence of the Republic of Philippines on January 28, 2022, for supply of shore-based anti-ship missile system to Philippines." "The BAPL is a joint venture company of the Defence Research and Development Organisation. The contract is an important step forward for Government of India's policy of promoting responsible defence exports," it added. India has already deployed a sizable number of the Brahmos missiles and other key assets in several strategic locations along the Line of Actual Control with China in Ladakh and Arunachal Pradesh. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/union-budget-2022-allocation-for-the-education-sector-in-india/articleshow/89176456.cms">Indian education sector’s budget wishlist – Subsidised access to laptops and smartphones, focus on edtech</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/ios-15-4-beta-allows-you-to-use-face-id-with-your-mask-on/articleshow/89176571.cms">iOS 15.4 Beta allows you to use Face ID with your mask on</a>

India gets first ever export order for BrahMos missiles, signs $374 million contract with Philippines

India is preparing country-wise profiles of defence products and platforms to promote their exports and the government will stand "side by side" with the domestic industry in this endeavour through diplomatic channels, a senior Defence Ministry official said Monday. Raj Kumar, secretary, Department of Defence Production, said at a webinar that the domestic defence industry will hold web interactions with the representatives of friendly countries to figure out what kind of products and platforms they require. "We are preparing country-wise profiles of products, weapons and platforms which are probably needed by our friendly countries. So we are now planning to start web interaction led by the industry," Kumar said. "That country's defence attache, our DPSUs (defence public sector undertakings), industry, will then figure out what is in the store for us to promote there for exports," he said. Kumar said the government will be standing side by side with the domestic industry through its defence attaches, embassies and diplomatic channels to promote exports. To promote indigenous production, the Defence Ministry on August 9 announced restrictions on import of 101 weapons and military platforms including light combat helicopters, conventional submarines and cruise missiles under a staggered timeline till 2024. Kumar said a second list of import-restricted defence items will be notified soon. "This is the first list we are examining and then a second list will also come. We expect you (industry) to come forward and start investing to meet our requirements," he said at the webinar -- "Army Make Projects 2020" -- organised by FICCI. The senior official said as successful domestic bidders move to the defence equipment production stage, his department will share their details with the UP and Tamil Nadu defence corridor authorities, who "will compete in attracting your units to their respective states". He said since the three services are making efforts to push the "Make II" category of defence production projects, he will interact with project participants to understand their concerns and share best practices among the services. As secretary of the Department of Defence Production, Kumar heads the collegiate committee that approves the "Make II" category of projects. Under the Make II category, no government funding is given to the Indian company for the prototype development process. If a prototype developed by the company meets the standards set by the armed forces, an order is placed for such equipment or platforms. "Everything, whether it is defence industrial corridor, or whether it is defence production and export promotion policy, or whether it is a negative list - everything works in the same direction that we have to be among the top producers of defence items," he said. On August 9, Defence Minister Rajnath Singh said the ministry was now ready for a "big push" to indigenous defence manufacturing in tune with Prime Minister Narendra Modi's call for an "Atmanirbhar Bharat" (Self-Reliant India). India is one of the most lucrative markets for global defence giants. The country has figured among the top three global importers of military hardware for the last eight years. The Indian armed forces are projected to spend around USD 130 billion in capital procurement in the next five years. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/tech-mahindra-hcl-tech-wipro-and-likes-are-hoping-global-5g-race-resumes-next-year-bringing-some-large-deals-before-that/articleshow/77583638.cms">Tech Mahindra, HCL Tech, Wipro and likes are hoping global 5G race resumes next year⁠ — bringing some large deals before that</a> <a href="https://www.businessinsider.in/international/news/gaza-strips-only-power-plant-may-run-out-fuel-in-the-next-24-hours-following-israel-border-shut-warns-expert/articleshow/77584765.cms">Gaza Strip's only power plant may run out fuel in the next 24 hours following Israel border shut, warns expert</a> <a href="https://www.businessinsider.in/tech/apps/news/the-heat-is-on-mark-zuckerberg-in-india-as-facebook-and-whatsapp-incur-the-ire-of-modis-rivals/articleshow/77575358.cms">The heat is on Mark Zuckerberg in India as Facebook and WhatsApp incur the ire of Modi's rivals</a>

After import embargo, India is creating country profiles for its defence exports

<ul><li>India’s <keyword id="9490244" type="General" weightage="20" keywordseo="defense-exports" source="Orion">defense exports</keyword> hit ₹13,000 crore during the fiscal year 2021-22.</li><li>50% of India’s defense exports from 2017 to 2021 were to Myanmar, followed by Sri Lanka at 25%.</li><li>Defence Ministry is gearing up to launch 75 products in the domains of unmanned, robotics systems, intelligent monitoring systems, and more.</li></ul>India's efforts to become self-reliant in the defense sector are showing positive signs. During the fiscal year 2021-2022, India's defense exports touched a record ₹13,000 crore, said Defence Secretary Ajay Kumar. This is an increase of 54.1 percent as compared to the financial year 2020-21. The private sector accounted for 70 percent of the total exports, while the public sector companies did only 30 percent of the exports. In addition, Defence Ministry said the US was the principal buyer, following nations in Southeast Asia, Africa, and West Asia. The defense official said India exports <keyword id="214289" type="General" weightage="20" keywordseo="military-hardware" source="Orion">military hardware</keyword>, including advanced light helicopters, missiles, offshore patrol vessels, surveillance systems, personal protective gear, and various radars. Besides this, light combat aircraft, air-to-air missiles, sonars, and Akash surface-to-air missile systems hold export potential for India. In January, India signed a $374.96-million deal with the Philippines to supply three batteries for the BrahMos cruise missile. This deal emerged as the biggest defense export order for India. Sources said the majority of India’s defense export is in the aerospace sector, in which Indian companies have been manufacturing fuselage for foreign companies. For example, all fuselages of the American helicopter Apache sold worldwide are made in India and developed by a joint venture between Tata and Boeing. Similarly, Lohia Group and Adani Defence are making fuselages for Israeli drones. <cmsannotation type="cmsannotation" annotationid="₹35,000 crore export in next five years" comment="subhead" text="₹35,000 crore export in next five years">₹35,000 crore export in next five years</cmsannotation> Back in 2020, Prime minister Narendra Modi's government had set a target of ₹35,000 crore export in the aerospace sector and defense services and goods in the next five years. In addition, over 100 products are in the pipeline, including infrastructure to process and store data for classified applications of AI. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/how-to-safe-my-smartphone-from-security-threats-and-data-leaks-in-2022/articleshow/92848396.cms">Five apps to keep your smartphone safe from security threats and data leaks in 2022</a> <a href="https://www.businessinsider.in/tech/enterprise/news/cios-may-be-the-answer-to-the-data-problem-in-esg-implementation/articleshow/92844908.cms">CIOs may be the answer to the data problem in ESG implementation</a>

India's defense exports surge to ₹13,000 crore — private companies beat govt

<keyword id="6354785" type="General" weightage="20" keywordseo="france" source="Orion">France</keyword> wants to be <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>'s "best partner" in boosting its <keyword id="2377476" type="General" weightage="20" keywordseo="defence-manufacturing" source="Orion">defence manufacturing</keyword> and has decided to share the <keyword id="15204665" type="General" weightage="20" keywordseo="best-technologies-and-equipment" source="Orion">best technologies and equipment</keyword> in sync with the growing "trust" between the two sides, French Ambassador Emmanuel Lenain has said. Without divulging specific details, the envoy said French and Indian companies are working together on "equipment of the future", platforms and engines. "I do not think any country provides India with the same level of technology. The progress is also due to the fact that we recognise that India wants to boost its strategic autonomy, wants to build its industrial base and we want to be India's best partner in this move," he told PTI. Indo-French strategic ties have been on a major upswing after India inked an inter-governmental agreement with France in September 2016 for the procurement of 36 Rafale jets at a cost of around Rs 59,000 crore. "Defence has always been a very strong component of our cooperation because there is a lot of trust between our two countries. When you want to work on these issues, you need trust because you commit yourself for 10, 20, 30 years," Lenain said. "This trust is the main asset that we have. Defence cooperation has been developing very well because we are very comfortable with India and we have decided that we could share our best technology, state-of-the-art equipment, best-in-class technology," he said. The two sides are now looking at further bolstering the strategic partnership in view of the evolving global geo-political landscape triggered by the crisis in Ukraine and developments in the Indo-Pacific region. "From the beginning, we were the best partners in the Make-in-India policy. Now that India is switching to the Atma Nirbhar policy, we are also there for India," Lenain said. He said France is ready to co-develop equipment with India and share know-how. "Our companies are working together on the equipment of the future, on engines, on different sorts of equipment. It is very positive for both industries," he said. Lenain chose not to give a direct reply when asked about the possibility of the Indian Air Force procuring additional Rafales and whether France was also looking at supplying the naval version of the jet to the Indian Navy. "We are talking, and again, we are very much willing to provide state-of-the-art equipment. Everything is on the table and we do our best," he said. French aerospace major Safran has already set the ball rolling to set up its biggest maintenance repair and overhaul (MRO) facility in Hyderabad with an investment of around USD 305 million. "It is a partnership of equals and it is a partnership to boost each other's strategic autonomy," Lenain said. Ways to expand defence and security cooperation figured during French Foreign Minister Catherine Colonna's visit to India last month. In December last year, Defence Minister Rajnath Singh said France has agreed to jointly build aircraft engine with India. In 2017, India unveiled the ambitious strategic partnership (SP) model to facilitate joint ventures between select private Indian firms and foreign defence majors to build military platforms like submarines and fighter jets in India. The SP model aims to create a vibrant defence manufacturing ecosystem in the country through joint ventures between Indian corporates and global defence majors. The government has initiated a series of measures in the last few years to boost domestic defence manufacturing. In March, the defence ministry said it plans to procure military equipment worth Rs five lakh crore from the domestic industries in the next five to seven years in line with its policy of promoting indigenous defence manufacturing. India has been one of the largest importers of arms globally. According to estimates, the Indian armed forces are projected to spend around USD 130 billion (one billion is equal to 100 crores) in capital procurement in the next five years. The government now wants to reduce dependence on imported military platforms and has decided to support domestic defence manufacturing. The defence ministry has set a goal of a turnover of USD 25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years, including an export target of USD 5 billion worth of military hardware. SEE ALSO:

France wants to be India's best partner in defence manufacturing: French envoy Lenain

<ul><li>India is looking to introduce another list that will restrict the import of defence items. </li><li>The second list will be aimed at creating more opportunities for Indian defence firms on both, the software and hardware, side of things. </li><li>The Defence Ministry is hoping to turnover $25 billion in defence manufacturing within the next five years — including $5 billion worth of military hardware exports. </li></ul>India’s Defence Ministry is currently working on a second import list that will restrict the import of arms and weapons into the country. <a href="https://timesofindia.indiatimes.com/india/second-negative-arms-import-list-likely-by-year-end/articleshow/77764060.cms">ANI</a> reports that the list is currently being discussed between the three legs of the armed forces and the Department of Military Affairs. The new list is likely to come out by the end of the year as India marches towards its goal of exporting $5 billion worth of military hardware in the next five years. The first list, which was released on August 9, has already put an ‘import embargo’ on 101 military items, which includes artillery guns, submarines, aircrafts and other smaller, but crucial, inputs. It also earmarks ₹52,000 core out of the total capital budget allocation for domestic capital procurement. Similarly, the second list will also aim to create more opportunities for Indian defence firms on both the software and hardware side of things, according to ANI. And, while Indian companies will have more contracts come their way, the list <a href="https://www.thedispatch.in/impact-of-embargo-on-defence-imports/">should not impact</a> any ongoing joint ventures of even the Strategic Partnership Model. PM Modi doesn’t want to kick foreign companies from India Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> asserts that the import ban is not a ploy to kick foreign firms out of India but to create a co-production model supported by joint ventures. India’s ask is that they tie-up with local firms to produce within the country, looking at its market size. “It is a win-win situation for everyone including the public sector, private sector and foreign companies. The government is committed to providing a better eco-system for this,” Modi said during a seminar on self-reliance in defence on August 27 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). Many questions remain India is currently the third-biggest military spender in the world, behind only the US and China, as of 2019, according to data by the Stockholm International Peace Research Institute (SIPRI). Over 60% of India’s military requirements are currently met through imports. On Monday, the Defence Research and Development Organisation (DRDO) made a detailed presentation to Defence Minister Rajnath Singh, identifying 108 military sub-systems and components that Indian private companies that build in-house, according to <a href="https://www.theweek.in/news/india/2020/08/26/govt-sets-up-expert-panel-to-redefine-drdo-for-futuristic-battles.html">THE WEEK</a>. To make that happen, the DRDO will provide support over the next couple of years. However many questions remain since the total allocation to the armed forces, this year was already ₹59,416 crore less than what was asked for. For instance, will the bifurcation between domestic and foreign capital procurement routes of the budget be a permanent feature. And if so, how will the utilisation — and in some cases, the non-utilisation — of funds be dictated. For now, what is clear, is that the Defence Ministry has set a goal to hit a turnover of $25 billion (₹1.75 lakh crore) in defence manufacturing within the next five years. Within its fold is an export target of $5 billion (₹35,000 crore) worth of military hardware. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/ladakh-will-be-the-front-to-hold-for-india-and-china-for-at-least-a-year-if-not-longer-as-per-experts/articleshow/77779668.cms">Ladakh will be the 'front to hold' for India and China for at least a year if not longer as per experts</a> <a href="https://www.businessinsider.in/defense/news/china-fires-two-missiles-into-the-south-china-sea-and-asian-markets-feel-the-blow/articleshow/77777358.cms">China fires two missiles into the South China Sea and Asian markets feel the blow</a> <a href="https://www.businessinsider.in/defense/news/india-military-options-against-china-explained-by-experts/articleshow/77743778.cms">Experts explain India’s 'military options' against China</a>

India likely to introduce a second defence ‘import embargo’ list by the end of year as it chases down $5 billion in exports

Prime Minister <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on Wednesday assured the new generation entrepreneurs in the defence equipment world that the 'Made in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>' products will get priority in defence procurement. Sixty-eight per cent of the defence budget has been earmarked for indigenous products, he added. While inaugurating the defExpo-2022 here, the Prime Minister also launched the Indian Military Airworthiness Procedures (IMAP), HTT-40, Indian Defence Mart and defence <keyword id="15298793" type="General" weightage="80" keywordseo="space-msn" source="Orion">Space Msn</keyword> besides virtually laying the foundation stone for the DEESA Airfield. He said the country was once a net importer of defence equipment, but over the last eight years, defence manufactured in India is in demand across the world, and the exports have grown eight times. It has touched USD 1.59 billion, and the country targets to achieve the USD 5 billion mark in the next five years. Citing the success of the Brahmos missile, Prime Minister <keyword id="6354642" type="General" weightage="80" keywordseo="modi" source="Orion">Modi</keyword> said it is placed in one of the best technology missile categories and many countries have evinced interest in buying it. All three defence wings and indigenous companies' innovations are putting the nation on global armament nation. INS Vikrant aircraft carrier, Lightweight Helicopter 'Prachand' and tanks and indigenous combat guns are the pride of India, he said. "In the coming years, Space Diplomacy is going to take India to a new height as our satellites will be sharing real-time access with 60 developing countries. <keyword id="62000" type="General" weightage="80" keywordseo="maritime-security" source="Orion">Maritime Security</keyword> is a global priority and India has taken initiative in maritime security in the Indian Ocean region, in which 46 friendly countries are working on it," he said. Some 450 Memoranda of Understandings and agreements are going to be signed during these four days of DefExpo-2022. The Prime Minister, without naming the Congress, said, "Earlier pigeons were released, now Cheetah is now released, this is the difference of the government." He added in the past years, "our majority budget was going into importing defence equipment, now the time has changed. All three defence wings have made a list of 411 equipment which will be purchased from domestic manufacturers, only select items will now be imported," he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indians-to-benefit-as-canada-aims-to-grant-citizenship-to-300000-people-in-2022-23/articleshow/94956352.cms">Indians to benefit as Canada aims to grant citizenship to 300,000 people in 2022-23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/over-50-lakh-vehicles-deregistered-in-delhi-till-oct-17-this-year/articleshow/94956121.cms">Over 50 lakh vehicles deregistered in Delhi till Oct 17 this year</a>

68% of defence budget allocated for procuring indigenous equipment: PM

To expand the domestic <keyword id="2377476" type="PERSON" weightage="20" keywordseo="defence-manufacturing">defence manufacturing</keyword> ecosystem, a negative list of weapons and platforms would be notified with year-wise timelines for placing an embargo on import of such items from those dates. As per the draft <keyword id="9695994" type="UNKNOWN" weightage="20" keywordseo="defence-production-and-export-promotion-policy">Defence Production and Export Promotion Policy</keyword> (DPEPP 2020) announced on Monday, this list would be updated periodically, without compromising on the operational requirements of the Services, to allow lead-time to industry to prepare itself for any such procurement which is likely to come up, subsequent to the indicated embargo date. The policy proposes a Technology Assessment Cell (TAC) in coordination with the services, which would assess the industrial capability for design, development and production including re-engineering for production of various major systems like <keyword id="386104" type="PERSON" weightage="20" keywordseo="Armoured-Vehicles">armoured vehicles</keyword>, <keyword id="117400" type="PERSON" weightage="20" keywordseo="Submarines">submarines</keyword>, fighter aircraft, <keyword id="54022" type="PERSON" weightage="20" keywordseo="helicopters">helicopters</keyword>, radars with the major industries in the country. A Project Management Unit (PMU), with representation from the Services, would be set up to support the acquisition process and facilitate management of the contracts. This setup would bring in expertise to the process of acquisition as well as create focus and synergy in building military capabilities. With self- reliance as the motto, aim is to move away from licensed production to Design, Develop and produce wherein the Nation owns the Design Rights and IP of the systems. "Our Armed forces have over the years acquired a range of platforms from diverse sources leading to a buildup of spares and consumables which has resulted in sub-optimal planning and resource allocation. Efforts would be made to adopt a family of weapons approach to standardize and optimize inventory and supply chain management," the policy said. In addition, efforts would be made to provide the industry greater visibility into the likely opportunities in the defence sector. Understanding future capital acquisition priorities will enable industry to develop technologies, carry out necessary ground work and position themselves in an optimal manner to compete at the appropriate time. In order to enhance procurement from domestic industry, it is incumbent that procurement is doubled from the current Rs 70,000 crore to Rs 1,40,000 crore by 2025. In order to achieve this objective, it is proposed to carve out a distinct budget head for domestic capital procurement. The policy will also strive for enhancing allocation for domestic capital procurement at the rate of minimum 15 per cent per annum for the next five years. Various studies have over the years brought out the need to enhance cost effectiveness and improve efficiency in the use of MoD's resources. Efforts would be made to scrutinize, evaluate and optimize various items of expenditure in the Defence budget. The policy says that investment promotion would be encouraged to provide specific focus on certain identified segments and technological areas. Investments in aviation sector which help in co-development and strengthening defence ecosystem would be facilitated in association with the Ministry of Civil Aviation. Efforts would be made to address the identified gaps in those segments and offer incentives to global OEMs and domestic industry to set up design and manufacturing facilities in India. The investments in these segments would also be channelized by offering high multipliers through offsets obligations. Development of aero engines complex is a priority area. While significant improvements have been made, there are still critical gaps in the aero engine segment for future development programmes as well as for taking up the engine related MRO activities of the current inventory of platforms. The two Defence Corridors set up in Tamil Nadu and Uttar Pradesh would be specifically targeted by providing additional support as well as by offering higher multipliers for offset discharge for investments flowing into the Defence Corridors. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/draft-defence-policy-aims-to-achieve-1-75-lakh-crore-turnover-by-2025/articleshow/77342252.cms">Draft defence policy aims to achieve ₹1.75 lakh crore turnover by 2025</a> <a href="https://www.businessinsider.in/defense/news/fresh-negotiations-between-military-commanders-from-india-and-china-starts-today-to-end-friction-in-ladakh/articleshow/77311439.cms">Fresh negotiations between military commanders from India and China starts today to end friction in Ladakh</a> <a href="https://www.businessinsider.in/defense/news/comparison-of-indias-rafale-fighter-jets-with-chinese-latest-j-20-fighter-jets/slidelist/77238828.cms">India’s Rafale fighter jets — Here’s how it stacks up against Chinese J-20</a>

India's new defence policy proposes a cell to re-engineer armoured vehicles, submarines, fighter aircraft, helicopters and more

<ul><li>Over 1,300 firms and representatives from over 50 countries are taking part in the event.</li><li>During the Defence Expo 2022, 451 Memorandums of Understanding (MoUs) and agreements worth ₹1.53 lakh crore were signed.</li><li>Here are some products showcased at the <keyword id="15296776" type="General" weightage="20" keywordseo="defense-expo-2022" source="Orion">defense expo 2022</keyword>.</li></ul>The Defence Expo 2022 was inaugurated by Prime Minister <keyword id="6354477" type="General" weightage="20" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on 19 October at Mahatma Gandhi Convention and Exhibition Centre in Gandhinagar. This 12th edition of the event had been organized on the theme ‘Path to Pride’. Speaking at the event, PM Modi said that the Defence Expo is introducing Indian defense manufacturing capabilities to the world. Further, he added, India was globally known only as one of the biggest defense importers, now, India is exporting defense equipment and products to more than 75 countries worldwide. In the last five years, Indian defense exports have grown eight times and stood at USD 1.59 billion (United States dollar) in 2021-2022. According to the Prime Minister, the country now aims to increase defense exports to 5 billion USDs in the near future. With 1,300 defense companies and representatives from over 50 countries, the Defence Expo 2022 is said to be the largest expo held in the country. During the Defence Expo 2022, 451 Memorandums of Understanding (MoUs) and agreements worth ₹1.53 lakh crore were signed. Here are some products showcased at the defense expo 2022. <cmsannotation type="cmsannotation" annotationid="Mounted Gun System (MGS)" comment="subhead" text="Mounted Gun System (MGS)">Mounted Gun System (MGS)</cmsannotation> <div type="image" title="Mounted Gun System (MGS)" msid="95006269" hostid="261" sizebytes="69758"></div> DRDO is developing an Advanced Towed Artillery Gun System 155mm/ 52 cal (ATAGS) in partnership with the Tata and Kalyani group. In a Mounted Gun System (MGS), the entire gun is mounted onto a wheeled tractor, from where it can be fired without any dismounting or lengthy preparation. MGS can be brought into action in just 80 seconds. The MGS weighs 15 tonnes, and the KolosTatra tractor weighs 15 tonnes. MGS has cleared tests in deserts and high-altitude areas where it displayed accuracy and consistency. <cmsannotation type="cmsannotation" annotationid="The light tank" comment="subhead" text="The light tank">The light tank</cmsannotation> <div type="image" title="light tank" msid="95006326" hostid="261" sizebytes="34258"></div> After the encroachment of the Chinese army across the Line of Actual Contol, DRDO was pushed to resume working on a much-debated project, the development of a 25-tonne light tank that would be mobile enough for India’s high mountain border areas, jungle terrain and narrow roads and bridges. The tank has high-grade armor protecting STANAG level 4 and a high-pressure tank gun (105mm or 120mm). <cmsannotation type="cmsannotation" annotationid="Wheeled Armoured Platform (WhaP)" comment="subhead" text="Wheeled Armoured Platform (WhaP)">Wheeled Armoured Platform (WhaP)</cmsannotation> <div type="image" title="Wheeled Armoured Platform (WhaP)" msid="95006366" hostid="261" sizebytes="14646"></div> This multi-purpose vehicle is developed by DRDO and can handle chemical, biological, radiological, and nuclear attacks. This vehicle can also be used as a lightly armored ambulance. It is 8x8 wheeled and will weigh around 24.5 tonnes. Also, it will be amphibious, meaning capable of floating. Under the hood, the vehicle will have a 600HP Cummins engine coupled with an Allison transmission. <cmsannotation type="cmsannotation" annotationid="Trainer Aircraft HTT-40" comment="subhead" text="Trainer Aircraft HTT-40">Trainer Aircraft HTT-40</cmsannotation> <div type="image" title="Trainer Aircraft HTT-40" msid="95006385" hostid="261" sizebytes="18638"></div> PM Modi unveiled HTT-40, an indigenous trainer aircraft designed and developed by Hindustan Aeronautics Limited. The aircraft has been designed with pilot-friendly features, with over 60 percent in-house parts and collaboration with private industry. The HTT-40 will be used for basic flight training, aerobatics, instrument flying, and close formation flights, including night flying. The HTT-40 has completed all tests, including hot weather, and cross-wind trials. <cmsannotation type="cmsannotation" annotationid="Ballbot" comment="subhead" text="Ballbot">Ballbot</cmsannotation> <div type="image" title="ballbot" msid="95006405" hostid="261" sizebytes="117624"></div> The Ballbot is an ideal solution for surveillance, reconnaissance, and patrolling. It has a modular chassis and sensors that can be reconfigured per specific requirements. The Ballbot can be used for counter-intelligence and counter-terrorism as it will provide a remote eye on the ground. <cmsannotation type="cmsannotation" annotationid="EyeRov Tuna" comment="subhead" text="EyeRov Tuna">EyeRov Tuna</cmsannotation> <div type="image" title="EyeRov Tuna" msid="95006441" hostid="261" sizebytes="30260"></div> The EyeRov Tuna is fitted with a camera that sends live video feeds of the underwater environment. It can inspect railway bridge piers, ship hulls, dams, and port structures. SEE ALSO: <a href="https://www.businessinsider.in/business/news/indias-defense-exports-touched-a-record-13000-crore-in-2021-22/articleshow/92850833.cms">India's defense exports surge to ₹13,000 crore — private companies beat govt</a> <a href="https://www.businessinsider.in/defense/news/made-in-india-lightweight-combat-helicopter/articleshow/94613836.cms">Here’s everything you need to know about the made-in-India lightweight combat helicopter</a>

Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more

New Delhi [<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>], February 21 (ANI): President of <keyword id="19915275" type="General" weightage="20" keywordseo="boeing" source="keywords">Boeing</keyword> India and South Asia, <keyword id="20265370" type="General" weightage="20" keywordseo="salil-gupte" source="keywords">Salil Gupte</keyword>, hailed the 'Make in India' initiative and said that New Delhi is moving from being one of the largest importers to developing its own platforms. He said that Boeing is one of the Original Equipment Manufacturers (OEM) that has coordinated most with India in this direction. <keyword id="20666703" type="General" weightage="20" keywordseo="gupte" source="keywords">Gupte</keyword> said that a lot of discussion at the Indus X event -- which is being held on the sidelines of the Raisina Dialogue 2024 -- is around co-development and co-production. Speaking to ANI, Salil Gupte said, "Several products for defence, that are in the pipeline for co-development...Boeing has decided to specifically participate in those types of programmes, because in defence, under the 'self-reliance' theme, India is moving from being one of the largest importers of products to developing its own platforms here." "Some of it will be done totally with Indian companies and some of it will do in partnership with Original Equipment Manufacturers (OEM). Boeing has been one of the OEMs that has coordinated most with India," he added. Gupte said that Boeing is exporting worth of Rs 10000 crores per annum as part of 'Make in India' programme. "We have Rs 10000 crores per annum of sourcing that we export from India already as part of our 'Make in India' programme. And now we think that our new engineering centre in Bangalore, it is an opportunity to combine the strong engineering capability with manufacturing capability to give a fillip to the Make in India programme," he said. The Boeing India President further said that he is expecting over 2500 aircraft to come to India over the course of the next 20 years. "In civil aviation, we see over 2500 aircraft that will be coming in India over the next 20 years, which makes it more than 10 aircraft per month. Not just aircraft, but airlines are also growing very rapidly. Akasa Air, one of the fastest-growing airlines in history, is now going international and Air India is placing large orders in the last year as they spread their wings into long-haul flights," Gupte further said. Gupte also reiterated US President <keyword id="19919748" type="General" weightage="20" keywordseo="joe-biden" source="keywords">Joe Biden</keyword>'s remark that the India-US relationship is the "most consequential of the 21st century." (ANI)

You Searched For "India defence exports" and got 11 results

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India's new defence policy proposes a cell to re-engineer armoured vehicles, submarines, fighter aircraft, helicopters and more

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Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more

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