Washington, April 9 (IANS) The move by India to expand its domestic defence manufacturing could strengthen economic growth, the International Monetary Fund said, noting that higher military spending can lift output when it supports local industry.“Defence buildups can boost economic activity in the short term—lifting consumption and investment,” the IMF said in its latest analysis of global defence trends.The report comes as defence spending rises worldwide amid growing geopolitical tensio…
Latest Defence Manufacturing News & Updates
Lucknow, April 8 (IANS) The Chitrakoot node of the Defence Industrial Corridor gained pace on Wednesday with Chief Minister Yogi Adityanath allocating 75 hectares of land to Bharat Electronics Limited (BEL) to construct a state-of-the-art manufacturing unit.BEL, a public sector aerospace and defence electronics company based in Bengaluru, will set up a defence manufacturing unit with an investment of about Rs 562.5 crore and is expected to generate over 300 jobs in the short term.The initiative …
New Delhi, Feb 8 (IANS) India and the United Arab Emirates (UAE) are steadily transforming their bilateral relationship into a clearly defined defence and security framework, reflecting a shift from primarily transactional engagements to cooperation that also addresses hard-security calculations, according to a report.”This happened following the conclusion of the Strategic Defence Partnership Agreement between the two nations in January 2026. This agreement was part of the wider package of agre…
New Delhi, Feb 2 (IANS) Defence Minister Rajnath Singh has approved the grant of ‘Miniratna’ Category-I status to Yantra India Limited (YIL), an official said on Monday. Congratulating the Defence Public Sector Undertaking (DPSU) for its transformation from a government organisation to a profit-making corporate entity in a short span of about four years, the Defence Minister expressed satisfaction over the initiatives taken by the management of the YIL to increase the turnover of the company, ma…
Jaipur, Jan 21 (IANS) The Rajasthan Cabinet led by Chief Minister Bhajan Lal Sharma on Wednesday approved several key decisions, including a bill to protect the properties of permanent residents and the rights of tenants in areas declared as disturbed, besides new policies aimed at boosting aerospace, defence manufacturing and semiconductor production in the state.Industry and Commerce Minister Col Rajyavardhan Rathore, Parliamentary Affairs Minister Jogaram Patel, and Food and Civil Supplies Mi…
Nagpur, Jan 18 (IANS) Defence Minister Rajnath Singh said on Sunday that the Union government is committed to achieving ‘Aatmanirbharta’ (self-reliance) in ammunition manufacturing and making the country a global production hub. Inaugurating the Medium Calibre Ammunition Manufacturing Facility at the Solar Defence and Aerospace Limited in Nagpur, he recalled the time when ammunition shortages hampered the country’s defence preparedness which prompted the Union government to set the goal of self-…