Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.
The minster's office asserted that India’s defence sector is growing stronger than ever, driven by the spirit of Atmanirbhar Bharat.
While Dhaksha denied using Chinese parts in its drones, Garuda Aerospace said components that are integrated meet all regulatory standards.
The contracts include one worth Rs 5,249.72 crore with Hindustan Aeronautics Limited (HAL) for the procurement of Aero-engines for MiG-29 aircraft.
Singh welcomed the investment and technology collaboration from the UK and stated that India is ready with skilled human resource base, a robust pro-FDI and pro-business ecosystem
Contracts worth Rs 473 crore and Rs 329 crore were signed with Jupiter Wagons and BEML, respectively.
In an exclusive interview with CNBC-TV18, Giridhar Aramane, India's Defence Secretary, highlighted the Narendra Modi government's strategic emphasis on fostering the growth and production of cutting-edge technologies in the defense sector.
"The port call is aimed at strengthening long-standing diplomatic relations, reinforcing maritime cooperation and boosting interoperability between both the navies," according to the defence ministry.
The P17A ships are 149-metre-long frigates and carries guided missiles. They have a displacement of about 6,670 tonnes, a top speed of 28 knots and are capable of neutralising threats in air, surface and underwater
Despite the stellar rally, some analysts believe there are more legs to the ongoing rally. Antique Stock Broking said Mazagon Dock Shipbuilders' stock is still under-valued, while HDFC Securities suggested investors could buy the stock in the range of Rs 1,009-1,050, and add more on dips to the Rs 923-941 band.
"Economic Explosives Ltd, a wholly-owned subsidiary of the company has signed a contract for supply of loitering munition with the Ministry of Defence," Solar Industries India said in a regulatory filing.
Of the 11 ships, seven will be indigenously designed, developed and manufactured by the Goa Shipyard Ltd (GSL) and four by the Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, the ministry said in a statement.
Bharat Electronics expects to clock aggregate orders worth over Rs 20,000 crore each in the current fiscal and in FY24
The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies.
The commissioning of the submarine is set to encourage the Navy's combat capability at a time when China has been increasing its presence in the Indian Ocean region.
India aims to have annual defence exports of Rs 35,000 crore by 2025
The MRO facility, to be set up in Hyderabad through the direct foreign investment of $150 million, is expected to create 500-600 highly skilled jobs, the Ministry of Defence said.
"The retro-modification will be carried out in 957 tanks. The total value of the contract is Rs 1,075 Crs (including all taxes and duties)", an official statement said on Monday.
The DRDO-developed drug "helps in faster recovery of hospitalised patients and reduces supplemental oxygen dependence".
At the launch event, Rajnath Singh said, "With the help of this portal, the people would be able to get government documents made such as trade license and apply for services such as water connectivity."
Hours after Congress leader Rahul Gandhi alleged that the government has "ceded” Indian territory to the Chinese and raised questions over the agreement, the Ministry of Defence issued a strongly-worded statement, saying the effective safeguarding of country’s national interest and territory in the Eastern Ladakh sector has taken place because the government reposed full faith in the capabilities of the armed forces.
The Indian army said that Indian soldiers pre-empted People’s Liberation Army (PLA)’s activity on the southern bank of Pangong Tso and undertook measures to strengthen positions and thwart Chinese intentions.
Experts are of the view the news is positive for most companies in the defence sector, including BEL, Zen Technologies, L&T and Cochin Shipyard.
The contract has Buy and Make categorisation with a minimum of 50 percent indigenous content in the make portion of the agreement.
Former Defence Minister Manohar Parrikar had announced this project in October 2016.