Sep 04, 2024, at 06:32 am
New Delhi: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, granted Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.
Govt set to approve mega defence projects worth Rs 1.3 lakh cr for Army, Navy
Sep 03, 2024, at 11:02 pm
New Delhi: The government is set to approve several major defence projects, including the construction of seven advanced frigates for the Indian Navy and the Indian Army's plan to acquire 1,700 new tanks to replace its aging fleet of Russian-origin T-72 tanks, media reports said.
DRDO approves 7 new projects to boost India's defence production
Jul 13, 2024, at 03:18 am
New Delhi: The Defence Research & Development Organisation (DRDO) has made a big move towards bolstering India's self-reliance in the defence sector by approving seven new projects under the Technology Development Fund (TDF) scheme, media reported.
India's defence sector holds prospect of USD 138 billion from FY24 to FY32
May 13, 2024, at 05:30 am
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.
45 defence sector companies/JVs operating with foreign OEMs have govt approval
Mar 25, 2023, at 03:14 am
New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.
Increased allocation of money in Defence sector: Nirmala Sitharaman
Jul 05, 2019, at 03:11 pm
New Delhi, July 5 (IBNS): Though not mentioned during the presentation of the Union Budget, Finance Minister Nirmala Sitharaman at a press conference said she has increased allocation of money in the Defence sector.