Tag

Defence

10 articles
India's defence sector is experiencing significant growth and strategic realignment, driven by a focus on self-reliance and expanding partnerships. Defence exports reached a record ₹38,424 crore, while annual production hit ₹1.54 lakh crore, reflecting progress toward the 2029-30 target of ₹3 lakh crore. Key developments include collaborative efforts like L&T’s partnership with Exail for naval mine countermeasures and Krishna Defence’s acquisition of Taharabadkar Solutions to bolster ammunition design capabilities. Furthermore, Solar Industries reported a substantial 61% increase in Q4 profit, fueled by strong defence and export revenue, highlighting the sector’s momentum and potential for continued expansion as India strengthens its defence industrial base.
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India Defence Exports Hit Record Rs 38,424 Crore
Defence exports surged to a record Rs 38,424 crore from Rs 686 crore a decade ago, as announced at the Kalam & Kavach 3.0 strategic dialogue. Annual defence production reached an all-time high of Rs 1