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
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.
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.
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
Adani Defence & Aerospace to invest Rs 3000 cr in its Kanpur missile and ammunition complex
Kanpur (UP): Adani Defence & Aerospace has announced plans to invest over Rs 3,000 crore in its new ammunition and missile complexes in Kanpur by 2027, Chief Executive Officer Ashish Rajvanshi, media reported.
45 defence sector companies/JVs operating with foreign OEMs have govt approval
New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.