Defence Production

A government statement on March 25 revealed that 65 percent of defence equipment is now manufactured locally, from the earlier dependency of up to 65-70 percent on import

India sets annual defence production target of Rs 3 lakh crore and defence exports worth Rs 50,000 crore by 2028-29

He said India's annual defence production is expected to clock Rs 3 lakh crore and defence exports Rs 50,000 crore. According to latest data, the defence production has crossed Rs one lakh crore mark while the defence exports in 2023-24 has been estimated at around Rs 16,000 crore.

India rejuvenated defence production in 8-9 years; Tejas, Vikrant shining examples: PM Modi

India rejuvenated its defence production in the last eight-nine years and will now move fast to join the world's largest defence manufacturing nations riding on favorable economic policies, Prime Minister Narendra Modi said

Angela Merkel to visit India next wk; to revive FTA talks

The two countries are working to take up several issues, including India-EU FTA, skills development, Make-in-India campaign, defence production, railways, renewable energy and trade and commerce.

Govt in dilemma over decision on hike in FDI cap

For the last couple of days the Department Of Industrial Policy and Promotion (DIPP) have been carrying out extensive consultations with different ministries on whether the foreign direct investment (FDI) cap for some sectors should be hiked, as proposed by Department of Economic Affairs (DEA) Secretary Arvind Mayaram.

Defence FDI in limbo, Antony unhappy with proposal

Defence FDI is in limbo. Antony's opposition comes in spite of his concerns being addressed in detail by the commerce and the finance ministries. The proposal is stuck in a bureacratic mess.

Govt defers decision on M&M, Pfizer FDI applications

Government has deferred decision on Mahindra group's proposal to bring in FDI for a defence production joint venture and on another application by pharma major Pfizer to bring in foreign equity in a company.