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Union Budget 2025: Over Rs 6.81 Lakh Crore Allocated For Defence, An Increase Of 9.53% From Current Financial Year
In pursuance of Prime Minister Narendra Modi-led Government’s vision of ‘Viksit Bharat @ 2047’ with technologically-advanced and ‘Aatmanirbhar’ Armed Forces, Union Budget of India has made a provision of Rs 6,81,210.27 crore for Financial Year (FY) 2025-26 for the Ministry of Defence (MoD). This allocation is 9.53% more than the Budgetary Estimate of FY 2024-25…
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DefExpo 2018: India to Indigenise Manufacturing of Spare Parts; 7 Agreements Signed With Russian Companies
Indian and Russian companies signed seven Memorandums of Understanding (MoUs) to indigense the manufacturing of spare parts of defence products. The ministry of defence included 48 components across all platforms which are to be produced by the domestic companies in collaboration with the Russian partner. The Indian Armed Forces are pushing for the joint ventures…