Make In India Defence

Underlining the potential of India's defence sector PM Narendra Modi on Monday said the country which was the biggest defence importer for decades now exports defence equipment to 75 countries.

India is moving towards indigenisation of the defence sector. As the govt's indigenisation theme gains steam, will the sector have more legs to rally in the near-term or consolidation is likely?

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation

India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later

Rajnath Singh exhorted American firms to carry out joint research and co-development of military hardware in India, saying the engagement should move beyond the traditional buyer-seller relationship.

In the absence of robust technological and project management structures, MoD's indigenisation drive will remain questionable

Chief of Army Staff General MM Naravane on Thursday proceeded on a five-day visit to Bangladesh to enhance defence cooperation and strong bilateral ties between the two nations

Defence ministry sets target of 70 per cent self-reliance in weaponry by 2027

Army spells out four kinds of equipment it wants to be made by domestic manufacturers

The bulk of this will go towards purchasing the first fixed wing aircraft that Hindustan Aeronautics (HAL) has designed and developed in decades

'Make' procedure, which involved real indigenisation and capability creation, has been unwisely killed

Procuring complex and expensive defence equipment from foreign manufacturers has not been a smooth process historically

Says US govt's willingness to liberalise rules on transfer of technology gives it a leg-up

The ministry is offering around 50 potential projects with an assurance of orders on prototype completion and foreclosure protection