Paras Defence is leading a project to create India’s first MRI machine using magnets, a significant achievement in the country’s efforts to reduce import costs and improve access to advanced diagnostic tests.
Captain Jagmohan, a Former Navy Captain, has been appointed as Chairman and Managing Director of Mazagon Dock Shipbuilders Limited, a role he will hold until his retirement in 2029.
Garuda Aerospace, a Chennai-based drone company, has raised ₹100 crore in its Series B funding round, valued at USD 250 million. The company plans to improve production, research, and development, particularly in defence drones.
Apollo, a Hyderabad-based defence company, has received orders worth ₹75.2 crore, including confirmed orders and projects where it became the lowest bidder.
DRDO has developed a powerful laser weapon, the Mk-II(A) Directed Energy Weapon, capable of destroying enemy drones and missiles, demonstrating India’s advanced laser weapon technology
The state-owned aerospace company confirmed that it has not yet finalized any firm for benchmarking its Research and Development processes, counter to claims about choosing PricewaterhouseCoopers (PwC).
GRSE and SWAN Defence are partnering to strengthen India’s commercial shipbuilding market, focusing on designing and constructing vessels and offshore structures, catering to both international buyers and Indian needs.
DRDO predicts India will achieve 90% self-reliance in defence production within the next four to five years, becoming a major supplier to countries like the US, Russia, and Southeast Asia.
Paras Defence partners with Israel’s MicroCon Vision Systems to revolutionize surveillance systems in India. The partnership aims to reduce costs making technology more accessible to defense forces.
India has developed its own radar systems, reducing the need for Europe’s radars. The UK and DRDO have praised India’s radar capabilities.
