India today is the third highest military spender ($76.6 billion in 2022), after the US and China. It accounts for 3.7% of global military spending, and also has the second largest defence force in...
“Achieving self-reliance in defence and reducing import dependency for military hardware is important for India to maintain its strategic autonomy and shoulder new responsibilities commensurate with its emerging stature.” - Chief of Defence Staff...
The Indian defence industry ecosystem is buzzing with optimism. Stocks of defence companies are soaring with record price-to-earnings ratios, while venture funds and angel investors are vigorously hunting for defence start-ups. Market analysts are...
The world experienced a seismic shift during the COVID-19 pandemic, with global norms bending and nations re-evaluating their reliance on others to support their development. In the aftermath of India's economy being hit by...
The global powerplay and geopolitical flux are creating strategic security fragility at an unprecedented scale, from the Indo-Pacific to the trans-Atlantic. For India, China’s Himalayan forays and the Russia-Ukraine war have brought their fallouts...
In 1940 legendary Indian industrialist Walchand Hirachand struck a deal with an American businessman to produce combat aircraft in India. One of the investors in the project was the Maharaja of Mysore who agreed to...
Mumbai: Godrej Aerospace, a business unit of Godrej & Boyce, the flagship company of the leading Indian conglomerate Godrej Group, foresees a remarkable growth exceeding 100% in the civil aviation segment within the next three years.
The...
India has emerged yet again as the largest importer of arms, concurrently sliding back in exports. It exposes the vacuity of the official hype over rising levels of local manufacturing and the spurt in...
Bengaluru: The first set of production-linked incentives for drones would be announced by the government soon. Speaking at the CII International Conference and Exhibition on Advanced and Short Haul Air Mobility for All (ASHA)...
The New Year 2020 has given hopes and cause of celebration for Indian military aviation enthusiasts. The naval prototype of Tejas, India’s indigenous fourth generation fighter aircraft under development for more than three decades,...
New Delhi. In a big boost to Indian defence sector, the reently concluded DefExpo 2020 in Lucknow witnessed the inking of 14 MoUs between Indian and Russian companies for setting up joint ventures covering...
New Delhi: In a blow to Adani Group it was not even considered for the mega submarine project of the Indian Navy valued at over Rs 60,000 crore with the Defence Ministry on January...
New Delhi: At its first meeting this year, the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh, approved procurement of equipment worth over Rs 5,100 crore from indigenous sources.
In a significant...