The Defence Acquisition Council (DAC), the top government body for capital acquisition approvals for the Indian military, authorised orders totalling 705 billion rupees (USD 8.52 billion) for all forces, according to a statement from the Defence Ministry
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The report suggests as the current financial year ends in the absence of a solution to this problem, the capital city kicked off a local buying spree for its defence needs
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DRDO conducted two consecutive successful flight tests of Very Short Range Air Defence System (VSHORADS) missile at the Integrated Test Range, Chandipur off the coast of Odisha on Tuesday
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According to data published by the think tank that measures weapons imports over five-year periods, India had the highest share of global arms imports in the last five years at 11 per cent, followed by Saudi Arabia (9.6 per cent), Qatar (6.4 per cent), Australia (4.7 per cent) and China (4.7 per cent)
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According to the most recent data available from the defence ministry, the total export value of defence goods was Rs 13,399 crore as of the first week of March and the figure could rise further as deals are signed up until the end of the fiscal year
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Refitting a vessel is the process of repairing, upgrading or modifying a ship or boat in order to improve its condition, performance or functionality and this may entail replacing or repairing structural or equipment components, upgrading navigation or communication systems, improving safety features or adding new amenities or capabilities
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The Indian government has set a target of Rs 175,000 crore in defence manufacturing, including Rs 35,000 crore in defence exports, by 2024-25, according to Ajay Bhatt, Minister of State for Defence
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European members of the NATO alliance, led by the United States, increased their arms imports by 65 per cent over the previous five years
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