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Defence firms News

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In recent years, defence industry had not only moved towards self-reliance. "Today our country with its full capability and potential is all set to emerge as the defence manufacturing hub of the world," Singh said.
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PM Modi said many major reforms were rolled out in India's defence sector and it has become more transparent than ever before.
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More than 1,000 national and international defence firms will participate in 'DefExpo', which is being held for the first time in Lucknow, the capital of Uttar Pradesh from 05 February to 09 February. PM Modi will inaugurate it on Wednesday.
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India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters but it will only sign the cheques if they are made in India. 
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Paring their initial gains, shares of defence equipment makers ended with losses Thursday, down more than 2 percent, mainly on profit-booking in an overall weak stock market.






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