Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Washington: Western defence companies have made the biggest gains from the Russia-Ukraine conflict, claims a US website. A website named ‘Defense News’ made public the list of the top 100 highest-earning companies in the defence sector in 2022. Over 50 US companies are included in these, and the information has come to the fore about […]

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The world’s trust in India’s defence sector has increased, says Prime Minister Narendra Modi at Aero India Show 2023

The world’s trust in India’s defence sector has increased, says Prime Minister Narendra Modi at Aero India Show 2023

Bengaluru: Aero India-2023 was inaugurated in Bengaluru in the presence of Prime Minister Narendra Modi and Defence Minister Rajnath Singh. It was no longer just an air show, but reflects a changed India, said the Prime Minister. Moreover, he also stated that nearly 100 countries and 700 domestic and foreign companies have participated in Aero […]

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Aatmanirbhar Bharat has proved its capability in the defence sector – PM Narendra Modi

Aatmanirbhar Bharat has proved its capability in the defence sector – PM Narendra Modi

Gandhinagar: Prime Minister Narendra Modi highlighted the aggressive change in the country’s mentality by saying that this country is no longer a country that flies pigeons of peace, but at present, India is freeing the cheetahs. The Prime Minister spoke at the ‘Defence Expo 2022’ in Gandhinagar, Gujarat. The Prime Minister expressed his satisfaction by […]

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Sanctions against Russia will not affect Indian defence sector: NITI Aayog member Dr VK Saraswat

Sanctions against Russia will not affect Indian defence sector: NITI Aayog member Dr VK Saraswat

New Delhi: NITI Aayog member Dr VK Saraswat claimed ‘Russia has phenomenal defence capability; it is self-sufficient in the field of defence manufacturing. Therefore, the sanctions imposed by the western countries on Russia will not affect the Indian defence capabilities. Russia is the most significant defence exporter for India. Besides, India and Russia have signed […]

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India becoming ‘Atmanirbhar’ in the defence sector: Prime Minister Modi  

India becoming ‘Atmanirbhar’ in the defence sector: Prime Minister Modi  

New Delhi: – Prime Minister Narendra Modi assured that any weapons and defence equipment purchased from an Indian company- private or government, will not be imported. India is preparing to become Atmanirbhar (Self-reliant) in the defence sector, wiping out the identity as the largest importer of weapons and defence equipment. The foundation for this has been laid […]

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Reduction in imports and increase in exports will be achieved in the defence sector: Defence Minister Rajnath Singh

Reduction in imports and increase in exports will be achieved in the defence sector: Defence Minister Rajnath Singh

Bengaluru: The government has set a goal to reduce imports of defence equipment by $2 billion by 2022. For this indigenous manufacture of defence, equipment is being encouraged. 137 projects for defence equipment manufacture, with a cost outlay of $37 billion have been approved between 2016 and 2019. Defence Minister Rajnath Singh said that if […]

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Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

New Delhi: The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, Finance […]

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India and Philippines to enhance cooperation in defence and marine sectors

India and Philippines to enhance cooperation in defence and marine sectors

New Delhi/Manila – Indian Minister of External Affairs’ visit to the Philippines, which has purchased BrahMos missiles from India to augment its naval strength, becomes significant. During the visit of Indian MEA S Jaishankar, both the countries agreed on cooperation in various other fronts along with the Indo-pacific sector. Considering the threat posed by the […]

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Stability in Taiwan sector essential for Japanese and international peace, claims Japanese defence ministry in its white paper

Stability in Taiwan sector essential for Japanese and international peace, claims Japanese defence ministry in its white paper

Tokyo: – Japanese defence ministry released a white paper on Tuesday. The Japanese government has delivered a jolt to China with a direct mention of Taiwanese security, for the first time, in this white paper. Japan underlined the importance of Taiwanese security, saying, ‘The Chinese movements posing a challenge to Taiwanese security are dangerous. Bringing […]

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