INDIA DEFENCE EXPORTS
What is SEBEX 2, India's new explosive that is one of the most powerful bomb?
India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight. Certified by the Indian Navy, SEBEX 2, alongside SITBEX 1 and SIMEX 4, demonstrates India's growing capabilities in military technology, offering significant export potential and enhancing global security efforts.
SEBEX 2: India gets one of the most powerful non-nuclear bombs that's two times more lethal than TNT
India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight....
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.
India shows interest in mega Teesta river conservation project
A major focus of the talks between the two prime ministers was to explore ways to shore up India-Bangladesh cooperation in digital and energy connectivity even as both sides resolved to work towards peaceful management of borders between the two countries.
How the Gulf became integral part of India's 'extended neighbourhood' under PM Modi
Earlier, the relationship was focused only on energy, trade and Indian expatriates. That relationship has now evolved into a new framework encompassing political relations, investment, and defence and security cooperation.
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.
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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.
Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers
Paras Defence shares advanced 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.
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.
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.
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.
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.
Motilal Oswal Mutual Fund launches Nifty India Defence Index Fund
Introducing Motilal Oswal Nifty India Defence Index Fund, mirroring Nifty India Defence Index. NFO opens from June 13-24. India’s first defense stock index fund, offering growth potential in defence sector.
India, Italy giving boost to Strategic Partnership, enhancing trade, defence and technology ties
Italy, as India's fourth largest trading partner in the EU, has upgraded bilateral relations to a 'Strategic Partnership.' The focus will be on defence, Indo-Pacific, energy, and technology. PM Modi has been invtited for the G7 Summit Outreach. Celebrating 75 years of diplomatic ties, the countries emphasise rule of law, human rights, and inclusive growth. With significant economic engagement and cooperation in science & technology. The nations continue to enhance their strategic partnership.
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.
Beyond the clutter: India-US ties transcend ongoing differences
India explained why oil imports from Moscow are necessary to preserve global oil market stability, similarly Chabahar deal is also for regional stability which is valued by the US.
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.
After a stellar runup, where to invest in defence sector? Harshit Kapadia answers
Harshit Kapadia discusses the positive export momentum in the defence sector, citing increased export demand, growth in manufacturing bigger equipment, and Indian companies' strong positioning in global markets. Anticipates continued order inflow momentum and potential valuation expansion.
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.
India to remain Sri Lanka's most reliable friend; offers modern defence equipment
Addressing the Second India-Sri Lanka Defence Seminar here, India's High Commissioner to Sri Lanka, Santosh Jha, said that like in other areas, India and Sri Lanka were cooperating closely on security and defence matters. "Because of our geography, our security is interlinked and intertwined. And when we speak of security, we must remember that it has acquired a wider meaning than we have traditionally associated with it," Jha said and added, after the Covid19 pandemic and impact of Russia-Ukraine conflict, it has come to include energy, health, food and even economic security.
View: Defence exports have witnessed a considerable uptick, even as some bottlenecks need removing
Narendra Modi's dialogue on India's defence exports with Vladimir Putin in September 2022 led to a remarkable surge of ₹21,083 crore in 2023-24. This growth, driven by various initiatives and partnerships, underscores the evolving landscape of India's defence industry. 2023-24 has witnessed a big increase, from ₹15,920 crore in 2022-23 to ₹21,083 crore, representing an increase of 32.43%. Notwithstanding the pandemic serving as a dampener, at no stage before the last decade have Indian defence exports experienced such a steep upward trajectory.
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.
"Indian Defence Exports crossed Rs 21,000 crore mark for the first time", says Defence Minister Rajnath Singh
According to the statement posted by Defence Minister Rajnath Singh, India's defence exports surged to a staggering Rs 21,083 crore in the financial year 2023-24, marking a remarkable growth rate of 32.5 per cent over the previous fiscal year.
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