For the first time in the history of Independent India, defence exports touched a record Rs 21,083 crore in the financial year 2023-24. India’s defence exports saw a record growth of 32.5 pc over the last fiscal year when the figure was Rs 15,920 crore. The recent figures have indicated that the defence exports have grown by 31 times in the last 10 years. Meanwhile, PM Narendra Modi called India’s defence sector growth a “monumental achievement”. The Prime Minister lauded the team’s hard work those who propelled India onto the global stage in defence. Raksha Mantri Rajnath Singh hailed PM Modi’s visionary leadership and congratulated all stakeholders. The defence industry, including private sector, has made tremendous efforts in achieving the highest-ever defence exports. The private sector and the DPSUs have contributed about 60 per cent and 40 per cent, respectively.
02 April,2024 01:47 PM IST
As the interim budget for the financial year 2024-25 was rolled out on February 01, President of the US-India Business Council (USIBC) Atul Keshap lauded US and India governments for their focus on iCET sectors and budget. Atul Keshap said, “First of all, I think this is a very confident, very sober and very pro-growth budget by the government of India, and I think it signals a real sense of optimism about the economic growth of the country. It sends a very strong signal to investors about the constancy of government policy. So I think it's very positive. And I congratulate the Finance Minister, her entire team and the government.” “So it actually details really nicely with iCET (Initiative on Critical and Emerging Technology), which is the initiative on critical and emerging technologies that the two governments and the US chamber launched in January of 2023. So first, for instance, there's a $12 billion fund to help develop these so-called sunrise sectors of deep tech and future tech. And there's a lot of money as well on semiconductors. I think the government of India is showing great focus on artificial intelligence, quantum computing and other iCET sectors. I led an aerospace and defence mission last week, or rather this week, to Delhi, and we had really good and encouraging meetings. So I really applaud both the US and Indian governments for their focus on the iCET sectors and this budget. It proves that that focus is backed by real money,” he added.
02 February,2024 12:30 PM IST
Indian Army soldiers exhibited unwavering dedication and bravery in harsh winters while carrying out operations and surveillance in the Gurez Sector along the Line of Control in Jammu and Kashmir. Despite facing the formidable challenges of freezing temperatures and rugged terrain, these soldiers selflessly serve the nation. The soldiers employ HR-Bino, Telescopic Daylight Sight, 5.56 MM INSAS Rif Passive in Sight, and advanced drones Insight technology. This cutting-edge equipment enables them to overcome significant challenges posed by adverse weather conditions and difficult landscapes. Residing in bunkers along the LoC, these soldiers exhibit unwavering resilience and fortitude, enduring the hardships associated with constant threats of hostilities.
27 January,2024 09:18 PM IST
The Indian Air Force recently inducted its latest Heron Mark 2 drones, which have strike capability and can carry out surveillance along the borders with both China and Pakistan in a single sortie itself. The four new Heron Mark-2 drones, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector. The drones with satellite communication capability have given a long desired capability to the Indian Air Force, as its drones can operate at very long distances for close to 36 hours at a stretch and can also laser illuminate enemy targets from very long ranges to help fighter aircraft destroy them using their long-range weapons.
13 August,2023 12:50 PM IST
Congress leader Rahul Gandhi said in his speech in Delhi during Bharat Jodo Yatra that China has taken 2 thousand square km of our land. Watch what Well-known defense experts of India said on to how much truth is there in this matter.
26 December,2022 01:10 PM IST | Mumbai
Indian and Chinese troops were engaged in a faceoff in Tawang, Arunachal Pradesh on Dec 09. Around 300 PLA soldiers crossed over to the Indian side being heavily prepared.Opposition targeted the government over the clash. Congress National President Mallikarjun Kharge and Congress leader Jairam Ramesh took to Twitter to express concern over the incident.
14 December,2022 03:52 PM IST | Mumbai
Union Home Minister Amit Shah, and Defence Minister Rajnath Singh gave a statement to the press, and in the parliament about the India-China face off, respectively. Amit Shah said, “I salute the valor shown by our Indian Army troops on the intervening night of December 8-9. As long as our government is there no one can capture even an inch of land”. Rajnath Singh added that no soldiers were seriously injured during the faceoff and he saluted their valor
14 December,2022 02:52 PM IST
Amitabh Kant attended the G20 interactive session in Delhi on November 8. He encouraged the private sector to grow bigger and join the global supply chain
09 November,2022 04:52 PM IST | Mumbai
Mumbai on Sunday confirmed 555 cases of novel Coronavirus after conducting a total of 35,000 tests, registering a test positivity rate (TPR) of 1.6 per cent. BMC also confirmed 15 fatalities from Covid complications. Daily infections in the city have remained between 500 and 600 over the past week. Of the 401 Covid-19 vaccination centres in the city, only 98 are run by the private sector but they managed to vaccinate more people than the public facilities in the first 10 days of this month. While private centres vaccinated 3,14,371 beneficiaries from July 1-10, public centres could administer only 2,58,923 doses because of frequent disruption in supply.
12 July,2021 12:00 AM IST | Mumbai
Prime Minister Narendra Modi chaired a high-level meeting on energy sector with relevant ministries. As per a statement released by the government, Modi reviewed progress the ministries were making in power and coal sectors.
07 August,2015 01:15 PM ISTADVERTISEMENT
