In 2018-19, FDI in the defence sector was aggregated at $2.18 million, according to the data provided by Commerce and Industry Minister Piyush Goyal in a written reply to the Lok Sabha.
Vladimir Putin expresses hope that AK-203 rifles will help India's defence sector, fulfill security agencies' need for small arms
Putin said he is convinced that commissioning of Kalashnikov rifles will contribute to stronger defence potential of India and to further advance the scientific and industrial basis of the national economy.
Salil Gupte appointed as Boeing's India head; to advance development, execution of company’s strategy in country
Gupte will join as president, Boeing India, from the aircraft maker's wholly-owned subsidiary Boeing Capital Corporation, where he served as vice president, it said.
Lockheed Martin proposes game-changing defense partnership with India; reiterates commitment on tie-up with Tata
Lockheed Martin is also planning to participate in the Indian Navy's move to acquire 111 utility helicopters.
Ram Nath Kovind in Prague: President urges companies in Czech Republic to set-up joint defence manufacturing ventures in India
President Ram Nath Kovind has invited Czech companies to take advantage of opening of defence manufacturing sector in India and set-up joint ventures to produce for the domestic market.
What India needs in a defence offsets policy: Greater technology transfer and thrust on localisation
India is the world’s largest defence importer and has steadily held this position for the previous 5 years.
The Russian contingent for the five-day Aero India 2015, now on at Indian Air Force (IAF)'s air base at Yelahanka on the city outskirts, is led by Rostec State Corporation which comprises more than 30 corporate organizations.
Stressing that the defence industry cannot move forward unless the government facilitates the process, G Mohan Kumar, Secretary (Defence Production), Ministry of Defence made it clear that effort has to come from private sector also.
"Protectionism is not to the benefit of the Indian defence sector. You don't realise the benefits of the multiplier effect. Development will be faster if higher FDI is permitted," a leading European helicopter manufacturer said on Friday.