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
In probable first-time-ever prospect, the world's leading military hardware makers will compete in a commercial landscape in the aftermath of the Russia-Ukraine conflict.
The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports
The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.
An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation
Swedish weapons giant says legacy supply chain can switch to new product
For France, which is still reeling from Australia's cancellation of a $90-bn order for Shortfin Barracuda conventional submarines, India offers an irresistible strategic opportunity
These will set the stage for future stake sale by the government
Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.
Items include light-weight tanks, self-healing minefields, "plug-and-play housing" for soldiers at extreme altitudes, 127 mm naval gun, multi-role helicopter, among others