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India’s defence production reaches Rs 1.27 trillion; exports to 90+ countries
India's defence exports crossed Rs 210 billion for the first time in 2023-24, and the ministry has set a target to increase this figure to Rs 500 billion within the next five years.Read more
Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion
The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more
India’s defence exports rise 14 times from FY16 to over Rs 210 billion
Initiatives such as ‘Make in India’ and ‘Atmanirbhar Bharat’ have fostered a robust defence manufacturing ecosystem. Read more
Government is making concerted efforts to grow defence exports
In this interview with Rakesh Rao, Cdr Gautam Nanda, Associate Partner - Aerospace & Defence, KPMG India, gives a brief of overview of the Indian Defence & Aerospace (D&A) industry and also highlights key challenges that the industry need to address.Read more
Nibe Leads the Maharashtra MSME Defence Expo 2024
The Inaugural expo was a witness to more than 400+ MSMEs and a footfall of over 2 lakh visitors.Read more
Maharashtra government organises the largest defence equipment exhibition
Over 1,200 companies, specialising in the production of arms and other materials pertinent to the defence sector, participated in the expo.Read more
India eyes Rs 3 trillion defence production by 2028-29
The Ministry of Defence was allocated Rs 6.21 trillion in the Union Budget 2024-25, which is the highest among the Ministries.Read more
Bharat Forge and Paramount Group to manufacture armoured vehicles in India
Both the companies signed an agreement during the International Defence Expo (IDEX 2021), Abu Dhabi.Read more