DEFENCE EXPORTS
High-speed expendable aerial target 'ABHYAS' successfully completes development trials
ABHYAS, designed by DRDO, is designed for autonomous flying with the help of an auto pilot, a laptop-based Ground Control System for aircraft integration, pre-flight checks, and autonomous flight.
Reforms in armed forces should be continuous to maintain supremacy during wars: President Murmu
President Droupadi Murmu highlighted the government's efforts to boost domestic defence production. She claimed that nearly 70 per cent of defence procurement was sourced from Indian manufacturers in the last year, and reforms resulting in India manufacturing over Rs one lakh crore of defence equipment. She emphasised upon modernisation of the armed forces, the importance of continuous reforms for military supremacy, and India's increasing defence exports, including the BrahMos missile deal with the Philippines.
GRSE secures export order worth $54 mn from German co for commercial vessels
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a $54 million contract with Germany-based shipping company Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG for the construction and delivery of four multi-purpose cargo vessels. The vessels, each 120 meters in length and 17 meters in width, will carry 7,500 metric tonnes of cargo.
Made in India Netra, Pinaka Systems attract European, Southeast Asian interest
The AEWC is a system developed by the Centre for Airborne Systems and two of their aircraft are already flying with the Indian Air Force giving wide coverage of the adversaries' activities along both western and northern front of the country. The Indian forces are going to get 12 more of these airborne systems in different configurations.
DRDO, Indian firms showcase Made in India weapons, tech at Paris defence show
Indian defence sector firms are showcasing their products at the EUROSATORY 2024 defence show in France. The exhibition features Indian products such as the Pinaka multi-barrel rocket launcher system and the LCA Tejas fighter aircraft. The India pavilion was inaugurated by Indian Ambassador to France, Jawed Ashraf. The Defence Research and Development Organisation (DRDO) showcases 11 major defence technologies and products.
ASMI submachine gun from Hyderabad's Lokesh Machines Ltd. poised for Army service
Lokesh Machines Ltd., known for CNC machines, achieves a milestone with its ASMI submachine gun, the first domestically designed and manufactured weapon to be officially inducted into the Indian Army. The ASMI has received orders from the Northern Command for 550 guns and positive feedback from security forces. It has outperformed international competitors in accuracy and reliability, featuring a lightweight design and compatibility with both local and NATO-standard ammunition. Priced under Rs 1 lakh, it is cost-effective and versatile for various military roles, reflecting India's progress in defence manufacturing and self-reliance.
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Defence Ministry places tender for attack choppers worth Rs 50,000 cr to HAL
Defence ministry awards Rs 50,000 crore tender to state-owned Hindustan Aeronautics Limited (HAL) for procurement of Light Combat Helicopters (LCH), the largest single order to an Indian company.
Israel defence exports hit record $13.1 billion in 2023
Israeli defence exports reached a record high of $13.1 billion in 2023. The exports were driven by missile and air defence systems, radar, electronic warfare, and other technologies. The Defence Ministry emphasised the importance of strengthening security relations globally, entering new markets, and reducing regulatory obstacles. Defence Minister Yoav Gallant highlighted the industry's dual focus on supporting national security and pursuing international partnerships through exports.
A study reveals how India can achieve $5 billion defence export goal
A recent study by Nexgen Exhibitions highlights the importance of streamlining foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities to help India achieve its USD 5 billion defence export goal by 2024-25. The study, involving over 130 national and international arms, ammunition, and security equipment manufacturers, emphasizes the need for strategic partnerships, advanced technologies, and a robust skill development ecosystem. The findings aim to propel India's homeland security and defence sector towards becoming a global manufacturing hub.
Visakhapatnam: Rajnath Singh to review preparedness of Indian Navy's Eastern Fleet
Defence Minister Rajnath Singh arrived in Visakhapatnam to review the Indian Navy's Eastern Fleet's preparedness. He shared his visit on social media and received a Guard of Honour at INS Dega. Singh held a meeting with top defence officials to discuss the Ministry's '100-day Action Plan' focused on ex-servicemen welfare. Singh reiterated the government's commitment to developing a strong, self-reliant defence sector, aiming to boost defence exports to Rs 50,000 crore in five years.
Defence minister Rajnath Singh Sets ₹50k-cr military export target
Rajnath Singh, the Defence Minister, aims to boost military exports to Rs 50,000 crore annually under the 'Make in India' initiative. He plans to fast-track defence production schemes and enhance indigenous research and development. The ministry is set to establish a new defence export promotion agency to facilitate arms sales to countries like the Philippines, Vietnam, and Armenia. Singh emphasizes equipping the armed forces with advanced weapons for national security and self-reliance in defence manufacturing.
Armed forces ready to face every challenge: Rajnath Singh after taking charge of defence ministry for second term
Defence Minister Rajnath Singh outlined the new government's focus on bolstering national security by modernizing the armed forces and enhancing domestic defence production. He aims to increase defence exports to Rs 50,000 crore by 2028-29. Singh praised the armed forces for their readiness and commitment amid challenges, including the border row with China. The government will also focus on boosting India's defence production and welfare of soldiers. Singh conducted a meeting on the ministry's first 100 days' Action Plan, emphasizing self-reliance in defence and welfare of veterans.
Safeguarding India's border will remain topmost priority: Rajnath Singh
Defence Minister Rajnath Singh, retained in his role in the new government, reaffirmed India's commitment to safeguarding its borders and strengthening defence manufacturing and exports. Singh emphasized the priority of protecting India's integrity and sovereignty under the visionary leadership of Prime Minister Narendra Modi.
Despite IMF scrutiny, Pakistan boosts defence spend by 16%
Pakistan has increased its defence budget by 16.4%, despite seeking a bailout deal from the IMF to prevent economic collapse. The latest allocation of $7.37 billion for fiscal year 2024-25 is a 16.4% increase from the previous year's $6.33 billion. Pakistan's armed forces heavily rely on imports, with China emerging as its biggest partner. The country is the world's fifth-largest arms importer, with 82% of its arms imports coming from China in 2019-2023.
Pakistan hikes defence budget by nearly 15 per cent in 2024-25
Pakistan announced a 15% increase in defence spending, reaching Rs 2,122 billion in the 2024-25 budget. Finance Minister Aurangzeb presented the budget in the National Assembly, the first under the PML-N and PPP coalition government.
Modi 3.0 takes aim: Blueprint to make the Indian armed forces future ready
India faces growing security challenges from China and Pakistan, prompting calls for a robust and integrated defence strategy. This includes bolstering nuclear deterrence, enhancing military capabilities, and pushing for systemic reforms in defence production and organization. The new government must prioritize these measures to ensure national security and strategic autonomy in the coming years.
Adani def & aero, EDGE Group sign agreement to set up global platform leveraging capabilities of both firms
Adani Defence & Aerospace and a leading group in the UAE have signed a cooperation agreement to establish a global platform leveraging their capabilities to cater to global and local customers.
DRDO reforms, export boost and Army Chief naming on Defence Minister plate
The incoming defence minister faces major reforms, including selecting the next Army Chief and reforming DRDO. Addressing concerns on the Agnipath scheme and setting up a new defence export promotion body are key tasks.
Germany to buy 20 more Eurofighter jets to boost defence
Germany will purchase 20 additional Eurofighter jets from Airbus, Chancellor Olaf Scholz announced at the International Air Show in Berlin. This order, to be placed before the 2025 general elections, supplements the 38 jets ordered in 2020 to replace aging Tornado aircraft. Scholz emphasized Germany's commitment to Eurofighter exports and maintaining production at Airbus's Manching factory. Following Russia's invasion of Ukraine, Germany has significantly increased its defense budget, aiming to meet NATO's two percent GDP target by 2024.
Indian weapons falling into wrong hands? Defence Ministry tightens monitoring
The defence ministry is enhancing monitoring of defence equipment production and requiring companies to adhere to end-user certification rules for exports. The sector has seen a surge in arms and weapons production, particularly in response to the Ukraine-Russia crisis.
Indian Army reduces ammunition imports, boosts indigenous production under 'Make in India' policy
The Indian Army has significantly reduced its dependency on imported ammunition thanks to the 'Make in India' policy. By leveraging private sector capabilities and public sector firms, the Army aims to cease most ammunition imports within a few years. This shift not only cuts import costs but also enhances export potential. Key industry players, including Munitions India Limited and Solar Industries Limited, play crucial roles in this transition, ensuring readiness for emergencies.
Defence industry world over facing capacity crunch, India must step up to fulfil needs: Defence Secretary
Defence Secretary Giridhar Aramane highlighted the global demand for defence utilities amidst geopolitical conflicts, urging Indian shipbuilders to enhance capacity. He mentioned government initiatives and targets for indigenous defence manufacturing and exports, emphasizing the potential for growth and the importance of research and development.
Shot by shot, Indian military is getting atmanirbhar
The government aims to increase India's annual defense production to nearly three times its current level, reaching Rs 3 lakh crore by 2028-29. Additionally, the target for defense exports is set to more than double, reaching Rs 50,000 crore compared to the current Rs 21,083 crore. For the fiscal year 2024-25, the goal is to achieve a total annual defense production worth Rs 1,75,000 crore, including exports valued at Rs 35,000 crore.
Can homemade BrahMos propel India to become Asia's top defence supplier?
India's delivery of BrahMos missiles to the Philippines signifies a significant milestone in its defence export ambitions. The move not only strengthens bilateral ties but also showcases India's technological prowess and commitment to self-reliance in defence manufacturing. As India continues to explore opportunities for defence exports, addressing challenges and enhancing capabilities will be key to realizing its vision of becoming a major defence supplier in the region.
South Korea, Romania pledge defence cooperation amid reports of contract in works
South Korea and Romania have pledged to enhance defense industry cooperation, including joint production of weapons, as South Korea aims to become the world's fourth-largest arms exporter. South Korea's Hanwha Aerospace is reportedly in talks for a 1 trillion won ($725.7 million) deal to supply K9 howitzers to Romania, its first defense contract with the country. Meanwhile, Poland is set to sign a $1.6 billion contract for 70 Chunmoo rocket artillery units from Hanwha Aerospace, as part of its $22 billion arms purchase from South Korea.
Guns N' Growth: Inside defence sector's explosive Make-In-India story
India's 'Make in India' defence production success story is evident in record-breaking defence exports, reaching Rs 21,083 crore in 2023-24, a growth of 32.5% from the previous fiscal. With a focus on indigenisation, India aims to triple annual defence production by 2028-29 and double defence exports to Rs 50,000 crore.
Defense sector poised to experience CAGR of 13 per cent from FY23 to FY30: Jefferies
India's domestic defence expenditure is expected to double from FY24E-30E, shaping the sector significantly. Jefferies forecasts a 13% industry CAGR from FY23 to FY30, with an estimated domestic defence opportunity of USD 100-120 billion. The focus on indigenization and export defence opportunities suggests robust growth potential. Leading players like Data Patterns and HAL are poised for significant revenue growth, endorsed with Buy ratings.
HAL reports record revenue, pvt cos take lead as def exports cross ₹21k cr
Private companies drive Indian defence exports to record figures, with HAL recording its highest-ever revenue growth. New export partners contribute to the growth, with the government targeting ₹1,75,000 crore in defence manufacturing by 2024-25.
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