India's defence sector holds prospect of $138 billion from FY24-32

  • Industry News
  • May 13,24
This growth is owing to escalating defence budgets, modernisation initiatives, and the government's emphasis on indigenous manufacturing through programs like ‘Make in India’.
India's defence sector holds prospect of $138 billion from FY24-32

As per ANI's report, India's anticipated defence capital expenditure is projected to reach nearly 37% of the total budget by FY30. This represents a substantial increase from the 29% projected for FY25, translating to a total capital outlay of Rs 15.5 trillion over the period spanning FY24-30, marking significant growth compared to previous periods.

The report underscores promising prospects within India's defence sector across various segments. Particularly, the defence Aerospace sector emerges as a lucrative opportunity, estimated at $50 billion. This encompasses investments in aircraft, helicopters, unmanned aerial vehicles (UAVs), avionics, and associated systems. Additionally, Defence Shipbuilding emerges as another focal point, with a potential worth of $38 billion, aimed at bolstering maritime security through naval vessels, submarines, patrol boats, and support ships.

The report also highlights Bharat Electronics, which boasts a potential upside of 32%, driven by increased order inflows, confidence in margin delivery, and enhanced returns ratios. Notably, over the past year, HAL shares have surged by 156 % to Rs 3877, while Bharat Electronics shares have seen a 109% rise to Rs 227.

The Indian government's proactive stance towards the defence industry, marked by policy reforms and incentives, creates a conducive environment for companies operating within this sector. Furthermore, there is a growing emphasis on expanding the global footprint of India's defence industry through exports, technology transfer, and collaborative ventures. Companies specialising in defence manufacturing and technology development stand to benefit from export opportunities, enabling them to diversify revenue streams and extend their market reach, as emphasised in the report. 

(Source: India Blooms)

Related Stories

Automation & Robotics
Danfoss, PowerNEU Launch JV to Drive Decarbonisation in Metals Sector

Danfoss, PowerNEU Launch JV to Drive Decarbonisation in Metals Sector

New Danfoss PowerNEU JV in Jamshedpur strengthens local execution and decarbonisation solutions for India’s metals industry.

Read more
Policy Regulation
ICC, Maharashtra Government Sign MoU to Deepen Industry–State Engagement

ICC, Maharashtra Government Sign MoU to Deepen Industry–State Engagement

Indian Chamber of Commerce (ICC) and the Maharashtra Government ink an MoU to boost investment facilitation, policy dialogue and ease of doing business.

Read more
Plastic, Packaging & Printing
Germany's Barnes Molding Solutions Opens $30 Mn Greenfield Facility in Pune

Germany's Barnes Molding Solutions Opens $30 Mn Greenfield Facility in Pune

New Chakan plant strengthens Barnes Molding Solutions’ Asia strategy with local manufacturing and service capabilities.

Read more

Related 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

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016