US DEFENCE ADVANCED RESEARCH PROJECTS AGENCY
UP defence corridor attracts Rs 25,000 crore in deals through 154 MoUs, propels industrial growth
Uttar Pradesh has signed more than 150 defence manufacturing deals worth ₹25,000 crore, focusing on boosting India's defence production and exports. The projects, part of the UP Defence Industrial Corridor, will create 40,000 jobs across six districts. With notable companies like Adani Defence and BrahMos Aerospace involved, the initiative aims to propel the state's industrial value chain and support India's self-reliance in defence. Significant milestones include the delivery of AK-203 rifles and the development of a BrahMos missile plant.
India a key ally of US in rivalry with China: US ambassador to India
America is investing locally and joining hands with allies such as India to ensure a free and open Indo-Pacific region while competing with China, US ambassador to India Eric Garcetti said.
India's Rudram-1 Missile: How does it stack up against global competitors?
Rudram 1 Missile: India has successfully tested its first indigenous anti-radiation missile, the Rudram-1, developed by DRDO for the Indian Air Force. Integrated with Sukhoi-30MKI jets, it targets radiation sources with INS-GPS navigation and a Passive Homing Head, crucial for Suppression of Enemy Air Defence (SEAD). Compared globally, Rudram-1 enhances India's SEAD capabilities against adversaries like the US (AGM-88 HARM), Russia (Kh-58), UK (ALARM), China (FT-2000), Iran (Hormoz-2), and Brazil (MAR-1). This milestone strengthens India's defense against regional threats, showcasing its technological prowess and commitment to indigenous defense innovation.
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.
Two giant asteroids are approaching Earth, Here's how to spot the 'Planet Killer' this weekend
This week, astronomers are anticipating the close approach of asteroid 2011 UL21, dubbed the "Planet Killer," as it swings by Earth. Despite its size of approximately 2.5 kilometers in diameter, it will pass at a safe distance of 4.1 million miles—farther than the moon. Recently discovered asteroid 2024 MK, smaller but still considered hazardous, has raised concerns due to its potential impact risks. Astronomers caution that an asteroid of this size could cause significant damage if it were to collide with Earth, underscoring ongoing efforts in planetary defense and monitoring.
Are humans at risk from giant asteroid approaching the Earth? All you need to know
Humans are currently at a risk of being wiped out from the surface of the Earth if an asteroid hurtling towards the planet really crashes down. Since the plans around combating such an imminent apocalyptic issue are still unknown, space nerds are worried to the core. Would this mean humanity may cease to exist in a few years if this really happens?
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.
INDUS-X defence initiative between US & India marks 1st anniversary
The India-US Defence Acceleration Ecosystem has marked the first anniversary of its initiative to build a defence innovation bridge under the Critical and Emerging Technology Initiative (iCET). Launched on June 21, 2023, during Prime Minister Narendra Modi's state visit to Washington, DC, INDUS-X enhances the strategic and defence partnership between India and the US. This initiative has bolstered private sector cooperation and facilitated partnerships among defence technology companies, investors, and researchers. The upcoming INDUS-X Summit in September 2024 will focus on leveraging private capital for defence innovation, further strengthening the India-US defence ties.
India-US advance talks on joint production of Stryker armoured combat vehicles
India and the US are in advanced negotiations to co-produce the latest generation of Stryker armoured infantry combat vehicles (ICVs). This three-phase project includes initial purchases, joint production in India, and co-development of future versions, supporting India's "Atmanirbhar Bharat" mission. Customization for Indian terrain, high-altitude areas, and significant technology transfer are key aspects. This collaboration, promoted by the US as part of their strategic defence partnership, aims to modernize India's mechanized infantry, replacing over 2,000 outdated BMP-II vehicles. The Stryker offers advanced capabilities, enhancing India's defence industry and military readiness.
Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca
Italy's outgoing Ambassador to India highlights the crucial role of collaboration with India in advanced manufacturing to boost India's manufacturing capacity. Bilateral trade between Italy and India has seen significant growth, with a focus on machinery, automotive products, and luxury goods from Italy, and aluminium, steel, and iron from India.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
India's Make-in-India defence projects, include K-9 Vajra Howitzers and fighter jet engines, await post-election approval
India's defence agenda post-elections includes crucial projects like acquiring K-9 Vajra howitzers and Su-30 MKI fighter aircraft engines. These projects, initially scheduled for approval in March, were postponed. Hindustan Aeronautics Limited (HAL) will produce the engines, worth approximately Rs 20,000 crore, aiding in indigenisation efforts. Additionally, the proposal to purchase 100 more K-9 Vajra SP howitzers is under consideration, reflecting the Indian Army's evolving needs. Various defence research and development programs await government clearance, signaling significant advancements in indigenous defence capabilities.
China enhances military support to Pakistan along LoC in Kashmir
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor (CPEC).
US Ambassador Eric Garcetti proposes development of "QUAD satellite" with India-US partnership
US Ambassador Eric Garcetti proposed developing a QUAD satellite in partnership with India during his visit to ISRO. He met with Chairman S Somanath to discuss space cooperation and advanced technologies.
Ind-Ra expects stable operating performance for most infrastructural projects in FY25
India Ratings and Research (Ind-Ra) anticipates stable operating performance for infrastructure projects this financial year, maintaining a stable outlook for the sector, especially in transportation. It assigned a positive outlook for airports, indicating potential rating upgrades. Ind-Ra expects the power sector's installed capacity to reach 476 GW by FY25. Toll roads may see a growth moderation, and ports are projected to grow at 6-7%.
America will send Indian astronaut to International Space Station by year-end: US envoy
US Ambassador to India, Eric Garcetti, announced that America plans to send an Indian astronaut to the International Space Station by the end of 2024. He also mentioned that the NISAR project, a joint mission between NASA and ISRO, is likely to be launched by the year's end. Garcetti highlighted the potential for India and the US to collaborate in research and emerging technologies. He praised India's cost-effective lunar mission, Chandrayaan 3, and expressed optimism about addressing outstanding issues in civilian nuclear energy cooperation.
Xi Jinping and Vladimir Putin condemn U.S., pledge closer ties as Russia advances in Ukraine
Chinese President Xi Jinping and Russian President Vladimir Putin condemned aggressive U.S. actions and pledged to deepen their defense ties. Xi emphasized the importance of their partnership, and both leaders opposed Western pressure, particularly regarding Ukraine. A joint statement criticized U.S. military policies and stressed the need for a political resolution to the Ukraine conflict. Putin's visit, his first since re-election, reinforced the strong bilateral relationship, marked by cooperation in defense, energy, and trade, and celebrated 75 years of China-Russia diplomatic ties.
Foreign Secy Kwatra reviews advancements in India-US strategic partnership
Foreign Secretary Vinay Mohan Kwatra's visit to Washington, DC, from April 10-12 aimed to bolster the India-US Comprehensive Global Strategic Partnership. He met with senior officials, including Deputy Secretary of State Kurt Campbell and Deputy Secretary Kathleen Hicks, discussing defence, commercial ties, and regional developments. Kwatra's engagements also included meetings with key officials at the National Security Council, Department of Defence, Department of Commerce, and Department of Energy, highlighting the strategic Indo-Pacific partnership. The visit underscores the commitment to advancing the bilateral relationship.
India clears project to develop AMCA 5th generation stealth fighter aircraft
The Cabinet Committee on Security has approved the DRDO's project to develop the Advanced Medium Combat Aircraft (AMCA), a fifth-generation stealth fighter jet. The project, estimated at around Rs 15,000 crore, aims to design and develop the aircraft along with its technologies in partnership with private and public sector agencies. The AMCA project is expected to create numerous job opportunities and boost the indigenous military industry. The aircraft is planned to be inducted into operational roles after 2030 and could potentially lead to the development of future generations of fighter jets in India.
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