INNOVATIONS FOR DEFENCE EXCELLENCE
Explosive growth: How defence sector became a darling of investors
Motilal Oswal Nifty India Defence Index Fund breaks records by collecting Rs 1,676 crores during its NFO period. India's defence sector experiences growth through indigenisation efforts and increased investments. The country aims to enhance its defence production capabilities and boost exports in the coming years.
Rs 300 crore allocated by Defence Ministry to foster Make in India defence tech innovations
The Indian Ministry of Defence has sanctioned over Rs 300 crore through its Technology Development Fund (TDF) to create an ecosystem for enhancing capabilities in cutting-edge technology and promoting 'Aatmanirbharta' in defence. The TDF scheme, executed by DRDO under the 'Make in India' initiative, provides grants-in-aid to Indian industries, including MSMEs and startups, as well as academic and scientific institutions, for the development of defence and dual-use technologies.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
Defence Ministry signs 350th iDEX contract with SpacePixxel Technologies for miniature satellite development
The Ministry of Defence signed its 350th iDEX contract with SpacePixxel Technologies Pvt Ltd for developing a miniature observation and imaging satellite for the Indian Air Force. This initiative aims to innovate in space electronics by miniaturising payloads that were previously deployed on large satellites. The new satellite will integrate multiple miniaturised payloads, offering benefits like faster deployment and lower environmental impact. Defence Secretary Giridhar Aramane praised the commitment of defence innovators and assured them of continued support.
350th iDEX contract: MoD, SpacePixxel to work on design, development of miniaturised satellite
iDEX has significantly impacted the defence ecosystem by fostering start-ups, creating job opportunities, and facilitating procurement worth over Rs 2,000 crore, showcasing a commitment to innovation and technology advancement.
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.
- Go To Page 1
G7 Summit: PM Modi, Macron agree to deepen defence cooperation with focus on 'Make in India'
Prime Minister Narendra Modi and French President Emmanuel Macron agreed to strengthen strategic defense cooperation, with a focus on boosting India's 'Make in India' initiative. This decision was made during a bilateral meeting on the sidelines of the G7 Summit in Apulia, Italy. India and France have a close partnership, particularly in security and defense, with India currently in talks to acquire Rafale jets from France. The leaders also discussed fostering innovation and research among youth. PM Modi expressed excitement for productive discussions with world leaders at the summit.
Modern warfare no longer solely physical domain: IAF chief V R Chaudhari
Indian Air Foece Chief Air Chief Marshal VR Chaudhari emphasised the evolving nature of modern warfare, influenced by cyber technologies, at the Combined Graduation Parade of the 213 Officers' Course. He stressed the importance of adapting, innovating, and leveraging technology for success in conflicts. He urged leaders to embody professionalism, aggressiveness, and initiative. Chaudhari highlighted the values of mission, integrity, and excellence, urging officers to prioritise reading and skills development to excel in their roles.
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.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
Govt urges over 100 corporates to setup incubation centers for manufacturing startups
Startups and entrepreneurs in the nation have been playing a significant role in shifting global value chains to India by creating and innovating domestically. The National Council for Cement and Building Materials has already set up the centre.
Agniveers are not just soldiers but leaders, innovators and defenders: CDS Anil Chauhan
Chief of Defence Staff General Anil Chauhan visited Maratha Light Infantry Regimental Centre in Belagavi to address Agniveers, emphasizing the noble purpose of military service, the evolving nature of warfare including cyber warfare and Artificial Intelligence, technology integration, continuous learning, innovative approach towards combat, personal challenges faced by soldiers and families, hardships in challenging environments, and commitment made by Agniveers.
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.
India-Indonesia defence industry partnership gets big boost
India-Indonesia Defence Industry Exhibition-cum-Seminar in Jakarta marked a milestone in bilateral defence cooperation. The event showcased Indian defense prowess, fostering strategic partnerships and aiming for regional stability in the Indo-Pacific.
CDS asks military, DRDO to work with startups to get cutting-edge space tech to reduce gap with adversaries
In an effort to boost collaboration between the Indian space and defence sectors, Chief of Defence Staff General Anil Chauhan today asked the three defence forces and DRDO to engage with the Space industry and startups to develop cutting-edge technology to reduce the gap with the adversaries.
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.
Rajnath Singh inaugurates India Navy's first independent headquarters 'Nausena Bhawan' in Delhi
The inauguration represents a significant step forward for the Indian Navy, providing a centralised and technologically advanced headquarters that reflects the nation's commitment to maritime excellence and national security.
Maharashtra MSME Defence Expo 2024 wraps up by highlighting India's promising defence future
The MSME Defence Expo 2024 in Maharashtra showcased India's strides in defence innovation, collaborations, cutting-edge technology, and insightful discussions, reinforcing the commitment to self-reliance in defence manufacturing and technology.
DefConnect 2024: Rajnath Singh launches ADITI scheme, allocates ₹750 crore to promote innovation in Defence Technologies
The Ministry of Defence (MoD) announces ₹750 crore corpus under ADITI scheme to boost innovation in defence tech. The scheme aims to develop 30 critical technologies by 2025-26 and bridge gaps in Armed Forces' capabilities. Start-ups can receive up to ₹25 crore for research. Defence Minister Rajnath Singh emphasizes self-reliance in defence production and transforming India into a knowledge society. The scheme marks an expansion of iDEX with iDEX Prime offering increased assistance. ADITI underscores the government's commitment to innovation and self-reliance in defence.
Newspace raises $52 mn, the largest equity raise for an Indian defence startup
Newspace Research & Technologies (NRT), a leading drone manufacturer in India's defence sector, has secured $52 million in a bridge round, marking a significant equity raise. The funding includes $33 million in equity from prominent investors and $19 million in debt facilities from SBI’s startup hub and SIDBI. NRT, specializing in swarm drone technology, collaborates with the Ministry of Defence and aims for global expansion, having demonstrated swarm drone operations in Japan.
'INDUS-X' summit: India, US looking at advancing defence collaboration
India and the US are set to engage in a two-day summit called 'INDUS-X' to enhance their strategic cooperation, with a focus on advancing defence innovation and collaboration. Launched in June 2023 during Prime Minister Narendra Modi's visit to the US, the India-US Defence Acceleration Ecosystem (INDUS-X) has been instrumental in expanding bilateral defence ties.
Defence Acquisition Council approves projects worth Rs 84,560 cr
The Defence Acquisition Council, led by Defence Minister Rajnath Singh, approved projects worth approximately Rs 84,560 crore, including air defence radar, torpedoes, maritime reconnaissance aircraft, flight refuelers, and software-defined radios. The council also sanctioned the purchase of anti-tank mines with remote deactivation features. The Defence Ministry's press release highlighted the commitment to Aatmanirbharta
"Balance of tradition and innovation necessary": Defence Minister Rajnath Singh at Combined Graduation Parade
Addressing the Combined Graduation Parade (CGP), Defence Minister Rajnath Singh complimented the newly commissioned officers and said, "I congratulate all the trainers who participated in this parade. This parade shows the efforts you have put in. I also congratulate all the winners of the awards. Today is one of the greatest days of your life. You are setting out on a new path from today. You are becoming an officer from a cadet. There is so much difference between a cadet's life and an officer's life."
Govt reserved 75 % of defence capital acquisition budget for purchases from local companies: Defence Minister Rajnath Singh
The move is to ensure adequate demand assurance for the domestic industries, he said at the 'India Manufacturing Show-2023' here, as he listed the steps taken for MSMEs in the defence sector. "We are the first government which imposed restrictions on itself for the import of weapons. We released five positive indigenisation lists, under which 509 equipment have been identified, the manufacturing of which will now take place in India," Defence Minister Rajnath Singh said.
Spacetech startup Pixxel to make satellites for Indian Air Force
The grant will equip Pixxel to develop small satellites of up to 150 kilograms for electro-optical, infrared, synthetic aperture radar and hyper spectral purposes, as per a statement.
Value of defence production crossed Rs 1 lakh crore-mark for first time ever in 2022-23: Govt
Defence production in India crossed the Rs 1 lakh crore-mark for the first time in 2022-23, according to a statement from Minister of State for Defence Ajay Bhatt. The government has encouraged the creation of indigenous design and manufacture of defence equipment, with schemes including Innovations for Defence Excellence, Technology Development Fund and Make procedure under Defence Acquisition Procedure 2020 set up to support the promotion of defence technology and improve ease of business.
India, Argentina discuss probable Tejas, BrahMos deal
Argentina is one of the very few countries which expressed interest in procuring India's Tejas light combat aircraft. It is not immediately known whether the issue figured in the talks between the two defence ministers.
INDUS-X launch: India, US focus on co-developing technology
The government has called for co-development and co-production of advanced technologies by Indian and American startups as the India-United States Defence Acceleration Ecosystem (INDUS-X) was launched at an event in Washington, the defence ministry said on Thursday.
Load More
