Diabytes
Defence sector News
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The Make in India program gains momentum with import substitution, targeting a $1.7 trillion turnover and $350 billion export in military goods and services by 2025.
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On one hand our jawans are giving a befitting reply to the enemies on the border. On the other hand, the scientists of our country are making such weapons and technology in the country. Due to which India will become self-reliant in the defense sector.
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He noted that the commitment towards self-reliance can be seen in the recently introduced Union Budget.
Finance Minister Nirmala Sitharaman had said that the government is committed to promoting self-reliance in the defence sector.
She said that the local industry would receive 68 per cent of the capital allocated to the defence sector.
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Sitharaman stated that the local industry would receive 68 percent of the capital allocated to the defence sector.
Furthermore, she stated that climate change threats are the world's most serious externalities
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Singh urged MSMEs to invest more in R&D for defence
The minister was speaking at the MSME conclave
It was organised by the Society of Indian Defence Manufacturers
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The Prime Minister will lay the foundation stone of the Rs 400 crore project at Jhansi node of UP Defence Industrial Corridor
Modi will dedicate to the nation augmented reality powered electronic kiosks at the National War Memorial
This will enable visitors to pay floral homage to martyrs through the simple click of the button
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Prime Minister Narendra Modi on Friday launched seven new defense companies for the country on the auspicious occasion of Vijayadashami at an event organized by the Defense Ministry. Defense Minister Rajnath Singh, National Security Advisor were present on the occasion.
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The defence sector of India is at a point of take-off and the nation is moving towards transformation to become regional power asserted CDS Rawat.
The remarks came against the backdrop of China's attempts to change the status quo in certain areas along the Line of Actual Control (LAC) in eastern Ladakh.
CDS General Rawat also highlighted that the Centre is committed to making the defence sector more effective.
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Union Defence Minister Rajnath Singh on Sunday (August 9) announced that the Ministry of Defence was set to embrace the "Atma Nirbhar Bharat" initiative and would introduce import embargo on 101 weapon systems.
The embargo on imports is planned to be progressively implemented between 2020 to 2024.
Earlier on Sunday, Singh’s office had tweeted that "Raksha Mantri Shri @rajnathsingh will make an important announcement at 10.00 am today."
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At a rally in Tirupur, PM Modi targeted the Opposition and said Congress ignored the defence sector. Watch full video to know more.
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With India still importing 65 percent of its military requirements, PM Modi has favoured making the country self-reliant in the defence sector.
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The defence sector received only USD 1 million in terms FDI equity inflow in the last three years, the Lok Sabha was informed on Friday.
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Israeli and Chinese companies seek to come to India and make investment for the purpose of defence production.
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Israel is one of the leading exporters of weapon systems to India, providing missiles, unmanned aircrafts, electronic warfare and radars in last decade.
Industrialist Anil Ambani, a new entrant in the defence sector, today said an attempt is being made to deny opportunity to new players on grounds of lack of experience, which he described as a "booby-trap" laid by vested interest to kill competition.
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The ninth edition of DefExpo India, a biennial exhibition of Land, Naval and Internal Homeland Security Systems, will commence in Goa from Monday.
A manufacturing unit in defence sector is likely to be set up in Rajasthan, which would be located between Jaipur and Delhi, Defence Minister Manohar Parrikar said here on Saturday.
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As per the earlier FDI policy in the sector, foreign investment up to 49 percent was permitted under government approval route.
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Looking to tap opportunities in defence sector, diversified group Punj Lloyd plans to expand its Gwalior facility and will also explore setting up manufacturing units in various states with an investment kitty of up to Rs 2,000 crore.
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