Page 2 - Defence Sector

India does not believe in hierarchical concept of world order: Rajnath

India's national efforts towards 'Make in India' are neither isolationist nor are they just meant for the country alone, Defence Minister Rajnath Singh said on Monday at a conclave of ambassadors. He also said that India does not believe in a hierarchical conception of a world order where a few countries are considered superior to others. "India's international relations are guided by the very essence of human equality and dignity," the minister said at the conclave to brief ambassadors about the upcoming Aero India, billed as Asia's biggest aerospace exhibition. It will be held in Bengaluru next month. "We do not believe in making or becoming a client or satellite state, and so, when we partner any nation, it is on the basis of sovereign equality and mutual respect," Singh added. The defence minister said India's self-reliance initiative is the beginning of a new paradigm of partnership with its partner countries. "Our national efforts towards 'Make in India' are neither ...

Defence procurement, pipeline offer strong growth for Bharat Dynamics

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

Govt working to achieve $22 bn defence production target by 2025: Rajnath

He further underlined that to increase the participation of domestic industry, the government has reserved a certain portion of defence capital acquisition for domestic procurement

Kerala official suspended over derogatory remark against defence personnel

An official attached to Kerala State Civil Supplies Corporation Limited, (Supplyco), has been suspended for making an "objectionable" remark against the defence personnel

Kalyani Rafael Advanced Systems rolls out 100th surface-to-air missile kit

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

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Navy to open all branches for women from next year: Chief of Naval Staff

The Indian Navy is looking at opening all its branches for women from next year, Chief of Naval Staff Admiral R Hari Kumar said on Saturday. Addressing a press conference a day ahead of the Navy Day, Admiral Kumar also said that the first batch of around 3,000 'Agniveers' has been inducted and it included 341 women. In December last year, Navy officials said 28 women officers were deployed on board around 15 frontline warships, including aircraft carrier INS Vikramaditya, and the number is set to go up. "The first batch of Agniveers have already reported. About 3,000 Agniveers have joined out of which 341 are women. This is a landmark event for us because for the first time, the Navy is inducting women sailors. We have been inducting women officers for about the last 16-17 years, but this is for the first time that we are inducting women sailors," Admiral Kumar said. He said the Navy will open all its branches to women officers from next year. "Come next year, we are looking at wo

India, France discuss defence cooperation & more under Atmanirbhar Bharat

During the meeting, the two sides discussed ongoing defence cooperation and further opportunities under the Atmanirbhar Bharat policy

Hindustan Aeronautics told to conduct Aero India 2023 in February

"Hon'ble Raksha Mantri (Defence Minister) has approved that the DDP will conduct the 14th edition of Aero India 2023 at Air Force Station, Yelahanka, Bengaluru, from 13th- 17th February 2023"

Rajnath Singh holds bilateral meeting with US defence secretary in Cambodia

Defence Minister Rajnath Singh on Tuesday held a bilateral meeting with US Secretary of Defence Lloyd Austin in Cambodia as the two leaders discussed a wide range of issues of mutual interest while expressing their commitment to a strong India-US defence cooperation. Singh and Austin are in Cambodia to attend the 9th ASEAN Defence Ministers' Meeting (ADMM) Plus, the defence ministry here said in a statement. It said Singh and Austin met each other at Siem Reap with "great warmth" and "expressed satisfaction at the growing bilateral defence engagements". Singh was accompanied by Defence Secretary Giridhar Aramane and other senior officials of the Ministry of Defence, it said. Defence Minister Singh shared pictures of his meetings with Austin on Twitter. "Delighted to meet the US Secretary of Defence, Mr Lloyd J. Austin in Siem Reap. @SecDef," he wrote on the microblogging site. The two leaders discussed a "wide range of issues of mutual interest while expressing their commitment t

Third, and the biggest, edition of coastal defence exercise from today

"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

Info war can be a threat to stability: Defence minister Rajnath Singh

Adds successive govts have failed to create national security strategy

Has the rally in defence-related stocks run its course?

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?

India has been leading defence exporter in recent years, says report

India has emerged as a leading defence exporter in recent years and could fulfill Africa's maritime, aerospace and defence requirements, with Mauritius, Mozambique and Seychelles becoming the major buyers of Indian arms during 2017-2021, according to a research report released here. The report by India Exim Bank, titled Reinvigorating India's Economic Engagements with Southern Africa', was released at the inauguration of the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership, where government officials and captains of business and industry are meeting on Tuesday to discuss a wide range of areas of potential cooperation. The report also suggested a shift from India's current approach to India's defence and security cooperation with Africa and other developing countries, which remains need-based and focuses on empowering through training, capacity building, and humanitarian assistance. Increased cooperation in areas of aerospace, defence, maritime equipment a

Andhra cadre IAS Giridhar Aramane takes charge as new defence secretary

Seasoned bureaucrat Giridhar Aramane on Tuesday assumed charge as the new defence secretary at a time the government has been focusing on modernising the three services. Aramane, a 1988-batch Indian Administrative Service (IAS) officer, was serving as secretary of the ministry of road transport and highways prior to his new assignment. Before taking charge, Aramane laid a wreath at the National War Memorial and paid homage to the fallen heroes. "We draw inspiration from these bravehearts and promise to work towards fulfilling their dream of making India a safe and prosperous country," he said. Aramane succeeded Ajay Kumar, who retired from service on Monday. In his 32-year career as an IAS officer, Aramane has held various important positions in the central government as well as the Andhra Pradesh government. He also served as an additional secretary in the cabinet secretariat. Aramane looked after the exploration division in the ministry of petroleum and natural gas and was exec

PM Modi calls on global defence majors to make India manufacturing hub

Prime Minister Narendra Modi on Sunday called on global defence majors to manufacture military hardware in India for the world after laying the foundation stone of a facility here for the production of European C-295 military transport aircraft. In his address, Modi said India is moving forward with the mantra of "Make in India and Make for the Globe" and that his government's policies are "stable, predictable and futuristic" which are boosting the overall economic growth. Under a Rs 21,935 crore deal inked in September last year, the Tata Group will manufacture 40 C-295 medium transport aircraft at the Vadodara facility in cooperation with European aerospace major Airbus. The prime minister said the manufacturing facility would help India become a hub for production of transport aircraft and that he could envision the day when big commercial planes would be made in the country bearing the words 'Make-in-India'. "India is presenting opportunities of low-cost manufacturing and high

India will become major producer of C-295 transport aircraft: PM Modi

India will now become a major producer of transport aircraft, Prime Minister Narendra Modi said on Sunday after laying the foundation stone of a manufacturing facility for European C-295 medium transport plane for the Indian Air Force. The prime minister said India has become a major manufacturing hub and a new saga of economic reforms is being written in the country as his government's policies are "stable, predictable and futuristic". "Today, India is working with a new mindset and new work culture," he said in his address at the ceremony in this city in Gujarat. The prime minister said India is going to become a major producer of transport aircraft and that he could see the day when big commercial planes would be made in the country. He said India, with its 'Make-in-India' and 'Make-for-World' approach, is enhancing its strength further and that the country has emerged as a major manufacturing hub globally. The prime minister said the manufacturing of C295 aircraft in Vadodara

Rajnath calls C-295 aircraft manufacturing facility in Vadodara a milestone

Defence Minister Rajnath Singh on Sunday said the laying of foundation stone of a manufacturing facility in Gujarat's Vadodara city for C-295 transport aircraft production for the Indian Air Force was a milestone in the country's journey towards self-reliance in the defence sector. Singh was speaking before Prime Minister Narendra Modi laid the foundation stone of the upcoming aircraft manufacturing facility in Vadodara. The aircraft will be produced by a consortium of European aerospace major Airbus and the Tata Group. It is the first project of its kind in which a military aircraft will be manufactured in India by a private company. In September last year, India sealed a Rs 21,935 crore deal with Airbus Defence and Space to procure 56 C-295 aircraft to replace the IAF's ageing Avro-748 planes that entered service in the early 1960s. Rajnath Singh said for the first time in the country, a private player is setting up a facility to manufacture aircraft. "This is definitely a mom

Busiest week for IPOs this year with four offers set to hit market

The last time four IPOs had hit market was in Dec 2021; latest rush notwithstanding, year 2022 has been lukewarm for IPOs with sustained FPI outflows, spike in volatility, correction in broader mkts

Rajnath backs indigenous tech capability to ensure reliability of supplies

Defence Minister Rajnath Singh said that the country "must have technological and production capability" if the "reliability of supplies" of defence items has to be maintained