Indian Government Releases Third List Of Defence Items To Ban: Defence minister Mr.Rajnath Singh on 8th April released the third list of 101 defence items to ban over the next 5 years to boost self-reliance in defence manufacturing. The list contains military systems and equipment such as sensors, patrol vessels,52…
Know About: Union Budget 2022 Defence Allocation You would have read multiple news and updates about Union Budget 2022 via various sources. So, we decided to shed some light on the sector that gained the focus light in the Union Budget this year. In Union Budget 2022 Defence Allocation is…
Defence Minister Rajnath Singh has recently approved INR 498.8 crore budgetary support for research and innovation in the defence sector through iDEX. The funds will be used to provide financial assistance to around 300 start-ups, MSMEs and individual innovators in the defence sector. The primary objective of the move is…
Taking another giant leap towards self-reliance, the Ministry of Defence recently announced second list of 108 defence products adding to the previous list of 101 products banned for imports for defence industry. As per the Ministry of Defence, the decision would boost the indigenisation and strengthen partnerships between public and…
Indian companies planning to grow using defence offsets can leverage this opportunity for entering the global aerospace & defence business and create a sustainable competitive advantage by strategizing beyond parochial boundaries of domestic business. Excitement has been prevailing since DPP 2005 was formulated and defence offsets were defined. Since then,…
The Aerospace & Defense industry has been a key sector for driving innovations globally. It has instigated innovations that have broader implications and in many cases have affected day-to-day life in a positive manner. AI, GPS navigation, commercial aircraft, and satellites are few examples of innovations that have made colossal…