India’s defense spending has seen a significant increase over the past ten years, reaching Rs 6.22 lakh crore in FY 2024-25, reflecting a 2.5 times increase in spending compared to 2014.
The investment is set to create a technology hub for defence, space, automotive, semiconductor and other applications, the company said in a statement.
Safran’s India unit expects a 70% revenue increase in 2025, driven by its work on India’s Gaganyaan space mission and rising private-sector contracts, with a focus on expanding aerospace and defence sectors.
The Ministry of Defence signed a Rs 1,560.52 crore deal with HVF for 47 T-72 Bridge Laying Tanks, boosting the Indian Army’s mobility and supporting the Make-in-India initiative.
Swan Defence, a leading shipbuilding and repair company, will resume trading on the NSE and BSE on January 20, 2025, marking a significant milestone for the company.
The MR-SAMs missile system, developed in collaboration with Israel, is set to be integrated into India’s naval capabilities, enhancing combat readiness and enhancing naval platforms.
HAL will showcase its Combat Air Teaming System (CATS) at Aero India 2025, highlighting autonomous UAV integration with TEJAS to enhance IAF’s operational capabilities.
Paras Defence and Space Technologies’ shares rose 10% after receiving a license from DPIIT to manufacture advanced Light Machine Guns, specifically the MK-46 and MK-48 models.
DRDO achieved significant milestones in 2024, completing or nearing final stages of development, and delivering critical systems worth ₹1.10 lakh crore, receiving official approvals for numerous projects.
Hindustan Aeronautics Limited (HAL), a key player in India’s defense manufacturing sector, has a robust order book and ambitious plans to scale it to ₹1,20,000 crore by fiscal year-end.
