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.
Tribhuvan Darbari MD & CEO Texmaco Defence Systems says that the purchase of the S-400 Triumf Missile System has also become the center of debate because of the possibility of India being sanctioned by the United States (US) under the Countering America's Adversaries Through Sanctions Act (CAATSA).
Defence Ministry issues new list of firms with whom dealings have been suspended or put on holdThe Ministry of Defence on Sunday issued a new list of firms with whom dealings have been suspended or put on hold or restricted procurements.
Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. said that the move will finally pave the way for the replacement of the ageing Cheetah and Chetak fleet of choppers. Tribhuvan Darbari further added that even though the Cheetah and Chetak choppers are old and prone to crashes and high maintenance, they are a crucial lifeline for the armed forces, especially in high-altitude areas like the Siachen Glacier.
With collaborative efforts of entities from all over the world, the defence exports have grown by 334% in the last five years and India now is exporting to more than 75 countries, Defence Minister Rajnath Singh said on Monday appreciating the efforts of the industry and thanking the foreign aerospace and defence companies for investing in the sector.