Raksha Mantri Shri Rajnath Singh has called for an increased participation of the private sector in defence manufacturing to realise the Government’s vision of making India a $5 trillion economy by 2024.
Airbus India and Adani Defence & Aerospace signed a Memorandum of Understanding (MoU) at DefExpo 2020 to leverage synergies in aerospace and civil aviation sector. The MoU was signed by Anand Stanley, President and MD, Airbus India & South Asia and Ashish Rajvanshi, Head of Adani Defence & Aerospace.
The Defence Secretary, Dr. Ajay Kumar today announced that the defence procurement process (DPP) would soon undergo changes, addressing the pain points mentioned by the aerospace and defence industry. It would be in sync with the rapid technology infusions.
Larsen & Toubro recorded Consolidated Gross Revenue of ₹ 36,243 crore from continuing operations for the quarter ended December 31, 2019, achieving year-on-year growth of six per cent. The International revenue during the quarter at ₹ 12,871 crore constituted 36 per cent of the total revenue.
Mr Subhash Chandra, Secretary, Department of Defence Production (DDP), Ministry of Defence today said that the MSMEs and start-ups need to be integrated into the defence manufacturing ecosystem. They also need to be encouraged not just by the defence public sector companies but also the armed forces.
R2 Data Labs, the data innovation catalyst inside Rolls-Royce, has identified three start-ups for its first-ever Start-up Accelerator Programme in Bengaluru.
Continuing with its exemplary track record of construction of defence vessels ahead of schedule, L&T launched the fifth Offshore Patrol Vessel (OPV) for the Indian Coast Guard at its Kattupalli Defence Shipyard. This is the 60thDefence Vessel built and launched by L&T for Ministry of Defence, till date.
Following the successful launch of the country’s first Microjet Engine series, Poeir has moved on to develop India’s first Heavy lift Hybrid drones, which was launched at Aero India 2019. With this launch, the company aims to establish itself as industry leaders in providing propulsion solutions to UAS (Unmanned Aircraft Systems).