Defence Sector

PM Modi To Dedicate Arjun Tanks To Nation On Sunday, Army To Get 118

India News | ANI | Friday February 12, 2021

In yet another boost for "Make in India" in defence sector, Prime Minister Narendra Modi will dedicate the Main Battle Tank Arjun Mark1A to the nation on Sunday.

At Aero Show, India Inks "Biggest" Make-In-India Defence Deal For Tejas

Bangalore News | Reported by Maya Sharma, Vishnu Som, Edited by Nandini Gupta | Wednesday February 3, 2021

The government on Wednesday formally sealed a Rs 48,000-crore deal -- the "biggest Make In India defence contract" -- with state-run aerospace giant Hindustan Aeronautics Limited (HAL) at the Aero India show in Bengaluru. The contract was signed in presence of defence minister Rajnath Singh who inaugurated the 13th edition of Asia's premier aeronau...

Budget 2021 Increases Allocation For Capital Defence Expenditure To 18.75%

Business | Edited by Nikita Prasad (With inputs from Agencies) | Tuesday February 2, 2021

Budget 2021: Out of the total allocation, Rs 1.35 lakh crore has been set aside for capital outlay for buying new weapons, aircraft, warships, and other military hardware.

Rajnath Singh Opens New Plant To Double Homegrown Fighter Plane Production

Bangalore News | Written by Maya Sharma, Edited by Nandini Gupta | Tuesday February 2, 2021

Defence Minister Rajnath Singh today inaugurated a new plant at the Hindustan Aeronautics Limited (HAL) in Bengaluru to double the production of India's indigenous fighter jet - LCA Tejas.

Budget 2021: Defence Allocation Expected To Be Hiked To Sanitise Neighbourhood

Business | Edited by Nirmalya Sen | Monday February 1, 2021

Budget 2021: China and Pakistan are likely to prompt more money allocation for the defence forces for the second straight year

Budget 2021: Defence Sector May Receive Higher Budgetary Allocation, Says HDFC Securities

Business | Edited by Peter Noronha | Monday February 1, 2021

The central government had hiked the defence budget by six per cent last year; an amount of Rs 4,71,378 crore was allocated to the defence sector, which included expenditure on salaries and pensions.

Self-Reliance In Defence Is "Strategic Necessity", Says Army Chief

India News | ANI | Thursday January 21, 2021

Observing that India has "lagged behind slightly" in terms of the quick pace modernisation undertaken by our adversaries, and dependence of Indian armed forces on equipment of foreign origin needs to be addressed, Army chief General Manoj Mukund Naravane on Thursday said self-reliance in the defence sector has become a strategic necessity.

74% FDI In Defence Via Automatic Route, With National Security Rider

India News | Reported by Vishnu Som, Edited by Deepshikha Ghosh | Friday September 18, 2020

Foreign firms can directly invest up to 74 per cent in the defence sector, the government said today, raising the Foreign Direct Investment (FDI) cap from 49 per cent through the automatic route. However, foreign investments will be subject to scrutiny on grounds of national security and the government will have the right to review any investment t...

Centre Permits Up To 74% FDI Under Automatic Route In Defence Sector

India News | Press Trust of India | Thursday September 17, 2020

The government has permitted foreign direct investment (FDI) of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT on Thursday.

Government Imposes Security Condition On Foreign Direct Investment In Defence

Business | Reuters | Thursday September 17, 2020

The government had allowed foreign firms to directly invest up to 74 per cent ownership in defence sector from an earlier cap of 49 per cent.

India Should Become "'Largest Exporter" Of Weapons: Defence Research Body

India News | ANI | Friday September 4, 2020

To implement Prime Minister Narendra Modi's idea of an "Atmanirbhar Bharat" in the defence sector, India must turn from being one of the largest importers of weapons in the world to the largest exporter, said G Satheesh Reddy, chairman of the Defence Research and Development Organisation (DRDO).

Government Signs Rs 2,580 Crore Pact For Pinaka Rocket Launcher Systems

India News | Reported by Vishnu Som, Edited by Nandini Gupta | Monday August 31, 2020

In a boost to the government's initiative to make India's defence sector self-reliant, the Defence Ministry today signed contracts to supply six Pinaka regiments, a system of rocket launchers, to the Indian Army at an approximate cost of Rs 2,580 crore by 2024.

Want To Achieve Goal Of "Make For World" In Defence Sector: Rajnath Singh

India News | Press Trust of India | Thursday August 27, 2020

Numerous initiatives to promote domestic defence industry are not only aimed at making India self-reliant in production of military hardware and systems but also to progressively supply them to the entire world, Defence Minister Rajnath Singh said on Thursday.

India's Self-Reliance In Defence Sector To Boost Global Standing: PM Modi

India News | Press Trust of India | Thursday August 27, 2020

Prime Minister Narendra Modi said on Thursday that his government's resolve for ''Aatmanirbhar Bharat'' is not inward-looking, but aimed at boosting India's capabilities and global peace, and also for helping the world economy become more stable.

"Mammoth Steps Taken To Make Country Self-Reliant In Defence Sector": PM Modi

India News | Press Trust of India | Saturday August 15, 2020

India has as much commitment to make its security apparatus and Army strong as it has for establishing peace and harmony, Prime Minister Narendra Modi said on Saturday, stressing that mammoth steps have been taken to make the country self-reliant in the defence sector.