Govt approves procurement of ₹70,500 cr-worth indigenously made weapons
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.
ministry of defence
March 2023
February 2023
May 2022
Govt to buy 70 trainer aircraft from HAL for ₹6,800 cr
The decision is being taken in a bid to provide a boost towards the government's 'Aatmanirbhar Bharat' program in the Indian Aerospace Defence ecosystem.
75% of defence outlay to be spent for procurement from domestic firms: Rajnath Singh
In the union budget for FY2023-24, the government allocated ₹5.94 lakh crore for the Ministry of Defence, which is 13.18% of the country’s total outlay of ₹45.03 lakh crore.
Defence capex for 'Make in India' fails to enthuse
The Union Budget 2023 proposed a 13% increase in the overall defence budget for FY24 at ₹5.93 lakh crore as compared to ₹5.25 lakh crore in FY23.
Bharat Dynamics stock up 5% as it signs ₹2,971 cr contract with MoD
Bharat Dynamics will supply ASTRA MK-I Beyond Visual Range (BVR) air-to-air missile (AAM) and associated equipment to the Indian Air Force and Indian Navy.
