June 16, 2024 04:59 (IST)
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India's defence sector holds prospect of USD 138 billion from FY24 to FY32

New Delhi: Amid increasing demand for defence equipment, technologies, and services, India's defence sector holds a substantial ordering prospect of nearly USD 138 billion from FY24 to FY32 for companies involved in defence production and technology advancement, according to a report titled 'India Defence' by Nomura.

Defence Ministry inks five capital acquisition deals worth Rs 39,125 cr to boost indigenous capabilities

New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.

Adani Defence & Aerospace to invest Rs 3000 cr in its Kanpur missile and ammunition complex

Kanpur (UP): Adani Defence & Aerospace has announced plans to invest over Rs 3,000 crore in its new ammunition and missile complexes in Kanpur by 2027, Chief Executive Officer Ashish Rajvanshi, media reported.

45 defence sector companies/JVs operating with foreign OEMs have govt approval

New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.