Schedule a Call Back
BEL wins €25.75 million order from TRDS for TR module production
Industry News- Jul 15,24
It also announced additional orders valued at Rs 1.92 billion for communication equipment, encryptors, spares, and services for radars and fire control systems, bringing its total orders for the current financial year to Rs 52.25 billion.
State-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) has secured an export order worth €25.75 million from Thales Reliance Defence Systems (TRDS) for the production and supply of transmit-receive (TR) modules, which will be utilised in fighter aircraft radars. BEL also announced additional orders valued at Rs 1.92 billion for communication equipment, encryptors, spares, and services for radars and fire control systems, bringing its total orders for the current financial year to Rs 52.25 billion.
India's defence manufacturing sector is experiencing robust growth, driven by increasing exports and government initiatives aimed at promoting self-reliance. The central government has set an ambitious target of achieving indigenous defence manufacturing worth Rs 1750 billion, including defence exports of Rs 350 billion by the 2024-25 fiscal year. This growth is supported by various policy reforms and substantial investments in defence and aerospace manufacturing, with multiple defence hubs being established.
India's defence exports reached a record Rs 210.83 billion in the 2023-24 financial year, marking a 32.5% increase from the previous fiscal year and a 31-fold increase compared to 2013-14. The total value of defence production in India also rose by 17% to Rs 1,268.87 billion last fiscal year, highlighting the significant expansion of the sector.
(Source: ET)
Related Stories
Aerospace Defence
Garuda Aerospace Inaugurates Drone Battery Facility with DGCA Chief
Garuda Aerospace has inaugurated a drone battery manufacturing facility and a new academic block in Chennai, reinforcing its commitment to building a self-reliant and indigenous drone ecosystem in I..
Read moreAerospace Defence
Flender, NRW Discuss Boosting Security and Defence Industry
Flender hosted NRW State Secretary Paul Höller in Bocholt to discuss support for defence manufacturing, rising EU spending and cooperation between industry and government to strengthen security fie..
Read moreAerospace Defence
Raghu Vamsi launches DeepTech plant, Unveils UAVs India Asia
Raghu Vamsi Aerospace Group announced a new DeepTech facility near Hyderabad and unveiled six India-made UAV and autonomous defence systems, backed by over Rs 1 billion investment, strengthening sel..
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
