Defence Firms

The government has given approval to "45 companies/joint ventures" operating in the defence sector with foreign OEMs (original equipment manufacturers), the Parliament was informed on Friday. Minister of State for Defence Ajay Bhatt said this in written response to a query in the Lok Sabha. "The government has given approval to 45 companies/JVs operating in defence sector with foreign OEMs," he said responding to a query on the number of foreign companies who have shown interest in manufacturing defence equipment under foreign direct investment in the country. Further, the government has taken several policy initiatives in the past few years and brought reforms to encourage indigenous design, development and manufacture of defence equipment in the country, thereby reducing dependency on imports in coming years, he said. "These initiatives, inter alia, include according priority to procurement of capital items from domestic sources under Defence Acquisition Procedure (DAP)-2020; .

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

Hyderabad-based HSTPL has got an order from Indian Army for Integrated Mobile Camouflage System

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.

World Civil Defence Day is observed to promote the value of being prepared for emergencies and to increase public awareness of civil defence and emergency management

The DRDO chief's remark comes on the heels of Defence Minister Rajnath Singh's statement that India will soon produce indigenous Light Combat Aircraft (LCA) engines

The two sides discussed opportunities for greater cooperation in critical and emerging technologies, co-development and coproduction, and ways to deepen connectivity across our innovation ecosystems

Says 'Make in India neither isolationist nor meant for us alone'

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

KRAS is a joint venture set up by Israeli company, Rafael, in partnership with Kalyani Strategic Systems

Defence Secretary Giridhar Aramane urged Indian defence manufacturers to act on their commitment and make policy announcements for ex-Agniveers at the earliest

"Coastal security being a major sub-set of coastal defence, the concept of 'Exercise Sea Vigil' is to activate the coastal security apparatus across India," stated the Ministry of Defence

Defence Minister Rajnath Singh on Monday said swift and transparent decision-making and availability of optimal resources were needed for a country's combat readiness. In his address at the Controllers' Conference 2022 organised by the Defence Accounts Department (DAD), Singh further said that a delay in making a decision leads to loss of both time and money, and affects combat readiness. Resources around the world are limited, the defence minister said, and emphasised on exercising "financial prudence" in using them. Resources should be used at the right places and there should be no wastage, he added. "A penny saved is a penny earned, and this applies fully to resources too. You are aware that for a country's combat readiness, not only availability of optimal resources is required, but swift and transparent decision-making is also needed," Singh said. If there is a delay in decision-making, there may be some shortfall in combative readiness, he added.

Adds successive govts have failed to create national security strategy

Export order to be executed over three-year time frame

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031

MoUs for investment worth Rs 12,000 crore already signed with private firms and institutions, says nodal chief

In the past three months, Data Patterns has zoomed 95 per cent, as compared to an 8 per cent rise in the S&P BSE Sensex

Prime Minister Narendra Modi is scheduled to inaugurate DefExpo 22 on Thursday