12/22/2021

Indian Defence and Aerospace sector to become 5 lakh crore by 2047: Rajnath Singh

Defence Minister Rajnath Singh has said that the government is further working to expand the Positive Indigenization List of 208 items to 1,000 items. He was speaking at the FICCI’s Annual Convention & 94th AGM on the theme ‘India Beyond 75’ held on Saturday, December 18. “In this decade, we will bring increase the items under the Positive list for Indigenization from current 209 to over 1000. The government now looks at the private industry as their partners and in fulfilling the objective of attaining Atmanirbhar Raksha Utpadan,” Singh said. He emphasized that with the current reforms undertaken by the government, the Indian defence and aerospace sector is likely to reach Rs 5 lakh crore by the year 2047 from the current 85,000 crore.
11/22/2021

India To Soon Manufacture 90 Percent Of Defence Products It Needs: Rajnath Singh

Defence Minister Rajnath Singh on Friday said India will soon be manufacturing 90 per cent of the defence products it needs within the country and by 2024-2025, it will also export such products worth USD 5 billion. Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. said that under the leadership of Hon'ble Prime Minister of India Shri Narendra Modi & Hon'ble Minister of Defence Shri Rajnath Singh, the Indian Government has tried to boost the 'Make in India' policy in defence manufacturing.
08/26/2020

Mr. Rajnath Singh reviews defence corridor project and instructs the authorities to finish it in time

Hon’ble Defence Minister of India, Shri Rajnath Singh reviewed the UP Defence Industrial Corridor (UPDIC) project and instructed Uttar Pradesh government officials to complete the Defence […]
08/18/2020

India-Russia to Scale Up Military Cooperation; To Ink IGA Later This Week

In the recent updates in Indo-Russia’s strategic partnership, several high-level exchanges are scheduled between the officials of both sides. Mr. Tribhuvan Darbari– MD & CEO, Texmaco […]