Defence exports were once seen as exceptions. Today, they are part of annual planning cycles. Startups now pitch to the Army in structured innovation challenges. PSUs participate in global tenders.
Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
With German Defence Minister Boris Pistorius in town, India has told the European nation it is welcome to set up factories here for manufacture of military equipment, it is learnt.
In its report, the Parliamentary Standing Committee on Defence noted cadets can be used to train elderly & cyber illiterate in proper use of cyber applications like banking transactions.
While govt has opened up the sector to private players & FM in budget speech said quarter of govt R&D spending would go to private sector, procurement system remains a stumbling block.
The agreement establishes a framework for closer cooperation between the armed forces of India and Japan in reciprocal provision of supplies and services, an official said.
Speaking at a defence industry outreach seminar, Modi said govt is working to boost domestic manufacturing & developing new technologies with maximum role for the private sector.
Kick-starting the 'Atmanirbhar Week' in the defence sector, Defence Minister Rajnath Singh said the govt is looking to expand defence manufacturing capability in India.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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