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India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-2023, Defence Minister Rajnath Singh said on Saturday describing the rise as a remarkable achievement. The country's defence exports in 2021-22 was Rs 12,814 crore, according to official data. "India's defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country," Singh said on Twitter. "Under the inspiring leadership of PM Shri @narendramodi, our defence exports will continue to grow exponentially," he said. India exported military hardware worth Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19, according to details provided by Singh. The amount in 2017-18 was Rs 4,682 crore and Rs 1,521 crore in 2016-17. The government has set the target of manufacturing defence hardware worth Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by 2024-25. In the last few years, the gover
India on Thursday approved the capital acquisition of indigenously-developed military hardware worth Rs 70,584 crore as part of a mega procurement plan that is expected to significantly boost domestic defence manufacturing. The approval to the procurement proposals was accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, officials said. The go-ahead to the fresh procurement proposals came amid the nearly three-year-long standoff along the Line of Actual Control in eastern Ladakh with China. The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all the procurement will be made under the Buy (Indian-Indigenously Designed, Developed and Manufactured) category. The total approval granted for capital acquisition in the financial year 2022-23 now stands at Rs 2,71,538 crore, of which 98.9 per cent will be sourced from Indian industries, the officials said. "Such quantum of indigenous procurement wi
North Korean leader Kim Jong Un brought his young daughter to a huge military parade showing off the latest hardware of his fast-growing nuclear arsenal, including intercontinental ballistic missiles designed to reach the United States, state media said Thursday. North Korean photos of Wednesday night's parade in the capital, Pyongyang, showed Kim, wearing a black coat and fedora, attending the event with his wife and daughter, in the young girl's latest recent public appearance. Kim was smiling and raising his hand from a balcony as thousands of troops lined up in a brightly illuminated Kim Il Sung Square, named after his grandfather and the nation's founder. The parade marked the 75th founding anniversary of North Korea's army and came after weeks of preparations involving huge numbers of troops and civilians mobilized to glorify Kim's rule and his relentless push to cement the North's status as a nuclear power. State media reports didn't immediately mention whether Kim delivered
Weapons shortages across Europe could force hard choices for Ukraine's allies as they balance their support for Ukraine against the risk that Russia could target them next. For months, the United States and other NATO members have sent billions of dollars worth of weapons and equipment into Ukraine to help it fight back against Russia. But for many of the smaller NATO countries, and even some of the larger ones, the war has strained already-depleted weapons stockpiles. Some allies sent all their reserve Soviet-era weaponry and are now waiting for US replacements. It can be difficult for some European countries to rapidly resupply because they no longer have a strong defence sector to quickly build replacements, with many relying on a dominant American defence industry that has elbowed out some foreign competitors. Now they face a dilemma: Do they keep sending their stocks of weapons to Ukraine and potentially increase their own vulnerability to Russian attack or do they hold back ..
The United States is poised to announce it will provide Ukraine with nearly USD 800 million in new military aid Friday, including at least a dozen Scan Eagle surveillance drones, according to several US officials. Officials said the bulk of the aid package will be additional Howitzers and ammunition, including Javelin missiles that the Ukrainian military has been using effectively to try and hold off Russian forces and take back territory Moscow has gained. Two officials confirmed the new inclusion of the portable, long-endurance drones which are launched by a catapult and can be retrieved. The officials spoke on condition of anonymity to discuss the aid ahead of its public release. For much of the last four months of the war, Russia has concentrated on capturing the Donbas region of eastern Ukraine, where pro-Moscow separatists have controlled some territory as self-proclaimed republics for eight years. Russian forces have made some incremental gains in the east, but they have als