India's defence sector holds prospect of USD 138 billion from FY24 to FY32

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.

India, Oman ink MoU on procurement of defence material, equipment

New Delhi: India and Oman on Wednesday signed a Memorandum of Understanding (MoU) on procurement of defence material and equipment which would provide a framework for a new area of defence collaboration.