Indian Defence Industry

India exported military hardware worth Rs 13,399 crore in current fiscal

India exported military hardware worth Rs 13,399 crore till March 6 in the current fiscal, a significant increase from just Rs 4,682 crore in 2017-18, according to official data. The details of the year-wise export of military hardware were provided in the Rajya Sabha by Minister of State for Defence Ajay Bhatt while replying to a question. Bhatt said the total defence exports in 2021-22 stood at Rs 12,815 crore while it was Rs 8,435 crore in 2020-21, Rs 9,116 crore in 2019-20 and Rs 10,746 crore in 2018-19. The amount in 2017-18 was Rs 4,682 crore. The minister said the total value of defence exports till March 6 in the current fiscal was Rs 13,399 crore. "The government has given focus on the indigenisation of various defence items to achieve 'Aatmanirbharta' (self-reliance). The indigenised items made from local resources become globally cost competitive and it also facilitates integration of MSMEs in the global supply chain," Bhatt said. "The new technologies developed by DRDO

Defence procurement from foreign sources reducing, shows govt data

The expenditure on defence procurement from foreign sources has reduced from 46 per cent of the overall expenditure in 2018-19 to 36.7 per cent as per data till December last, according to government data. Minister of State for Defence Ajay Bhatt, replying to a question in Rajya Sabha on Monday, listed 155mm Artillery Gun system 'Dhanush'', Light Combat Aircraft Tejas, surface-to air missile system 'Akash', main battle tank 'Arjun', T-90 tank, T-72 tank and Cheetah helicopter as indigenous key defence projects. "The expenditure on defence procurement from foreign sources has reduced from 46 per cent of overall expenditure in 2018-19 to 36.7 per cent as per data till December, 2022," he said on Monday. Last month, Bhatt said Kalashnikov AK-203 rifles for Indian armed forces were under manufacturing and testing stage at an Indo-Russian joint venture at Korwa in Uttar Pradesh. Bhatt said the Indo-Russian Rifles Private Ltd (IRRPL) has established all facilities to commence production

Indian Ambassador to UAE, Sunjay Sudhir visits IDEX exhibition in Dubai

Indian Ambassador to UAE Sunjay Sudhir visited the BrahMos Aerospace stall at the IDEX defence exhibition there. The Indian envoy was briefed on the different projects

Garuda Aerospace inks pact with Narayana Health, to ferry medical supplies

Drone manufacturer Garuda Aerospace has joined hands with healthcare provider Narayana Health towards transporting of bio-medical supplies using their 'Sanjeevani' drone, the company said on Friday. The partnership between the two aims to ensure faster delivery of medical supplies including samples for diagnosis during challenging conditions. "With the help of Garuda Aerospace's Sanjeevani drone, Narayana Health will be able to transport bio-medical supplies quickly, ensuring patients receive timely diagnosis and treatments." Garuda Aerospace said. The drones would be able to provide emergency healthcare in remote and under served areas as well, it said. "Our aim is to improve access to critical medical supplies and support the delivery to patients in need and in times of emergency," Garuda Aerospace founder-CEO Agnishwar Jayaprakash said in a statement. On their association with Garuda Aerospace, Narayana Health Chairman Dr Devi Shetty said, "by partnering with Garuda Aerospace,

We aim to create vibrant, world-class domestic defence industry: Rajnath

Defence Minister Rajnath Singh on Sunday said that the government aims to create a vibrant and world-class domestic defence industry to achieve the goal of 'Atmanirbhar'

Aero India 2023: Rajnath to chair aerospace, defence biz CEOs round table

The Defence Ministry will organise a 'CEOs Round Table' on February 13, the inaugural day of Aero India 2023, under the chairmanship of Defence Minister Rajnath Singh, an official statement said

Best of BS Opinion: Defence industry perks up, wealth & inequality and more

Here is the best of Business Standard's opinion pieces for today

Defence industry perks up: India's decades-old ambition and its paradoxes

It may be too early for isolated deals and breakthrough domestic R&D to register on a large scale, but those in the sector talk of winds of change, writes T N Ninan

BEL, YIL join hands for ammunition hardware, military grade components

Navratna defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Yantra India Limited (YIL) for co-operation in the areas of ammunition hardware and military grade components to jointly address the requirements of Indian defence and export markets. The pact aims at leveraging the complementary strengths and capabilities of BEL and YIL, a state-owned defence company, and sharing of manufacturing and test infrastructure/resources for the production of arms and ammunition and related systems, the Bengaluru-headquartered BEL said in a statement on Tuesday.

Lay more emphasis on research, development: Rajnath to defence industry

Defence Minister Rajnath Singh on Friday urged the Indian defence industry to make new investments and lay more emphasis on research and development to scale new heights. Addressing the 117th annual session of PHD Chamber of Commerce and Industry (PHD-CCI) held here, he said the government has played the role of an incubator, catalyst, consumer and facilitator for the private industry. "Make new investments, put more emphasis on research and development, and harness its full potential to take the Indian defence industry to new heights. This effort of yours will be very important not only for the defence industry, but also for the overall growth of the country," Singh was quoted as saying in a statement. He said the Indian defence sector offers immense potential and even foreign companies see opportunities. Singh said the Indian defence industry is progressing steadily in partnership with the private sector. "There was either no way for the private sector in the past to enter the .

Indian Army calls upon domestic firms for critical equipment procurement

The Indian Army on September 18 invited domestic defence firms to offer critical equipment for emergency procurement

Stock of this PSU defence company has zoomed 113% thus far in 2022

HAL said the company is deeply dedicated towards manufacturing of indigenous aircraft and helicopter under Atmanirbhar Bharat

Defence sector firms set for gains as India pushes indigenous manufacturing

Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts

Distinguished scientist Samir V Kamat appointed DRDO Chairman: Ministry

The Appointments Committee of the Cabinet has approved Kamat's appointment from the date of his assumption of charge till he attains the age of 60 years

Boeing hard sells F/A-18 Super Hornet to Indian Navy for INS Vikrant

US aerospace major Boeing on Wednesday pitched its F/A-18 Super Hornet as the best platform to address the Indian Navy's requirement of deck-based jets for aircraft carrier INS Vikrant. Top officials of Boeing said the company anticipates USD 3.6 billion in economic impact to the Indian aerospace and defence industry over the next 10 years if F/A-18 Super Hornet Block III is selected. The Navy has shortlisted F/A-18 Super Hornet and Rafale M aircraft produced by the French aerospace major Dassault Aviation for the procurement. Over four years back, the Indian Navy had initiated the process to acquire 57 multi-role combat aircraft for its aircraft carrier. However, the Navy plans to procure 26 aircraft initially. Boeing India President Salil Gupte said F/A-18 Super Hornet Block III would be the best deck-based aircraft for the Indian Navy and that the company plans to further strengthen its 'Make in India' initiatives, building on a successful track record of contributing to the ...

HAL signs agreement establishing footprint in Malaysia to export weaponry

Aerospace giant preparing for likely success in exporting Indian Tejas Mark 1A fighter

MoD bans imports from 18 top defence platforms, items to be made in India

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

Rajnath Singh urges stakeholders to be self-reliant in defence tech

Defence Minister Rajnath Singh on Sunday asked stakeholders in the sector to focus on being "self-reliant in defence technology while keeping pace with technology outside". During his visit to Nagpur in Maharashtra, Singh also asked defence commanders to follow the correct maintenance and operational practices with the safety of personnel in mind, a release from a defence spokesperson said. Air Marshal Shashiker Chaudhary, AOC-in-C Maintenance Command, and other dignitaries from civil and military establishments received Singh on his arrival at the airport here. Singh interacted with some defence sector stakeholders at the airport, the release said. He was briefed about various activities undertaken by defence establishments, including the Army, the Air Force & defence PSUs, in this region, it said. While addressing the defence sector stakeholders, Singh advised them to focus on being "atmanirbhar (self-reliant) in defence technology while keeping pace with technology outside".

MoD spends 65% of FY22 capital budget on domestic procurement

Utilises 99.5% of defence services budget

Budget 2022: 68% capex for Defence set aside for domestic procurement

The minister said that defence research and development will be opened up for the industry, startups and academia with 25% of defence research and development budget earmarked