India on February 1 announced an allocation of 3,18,931.22 Crore ($44.63 Billion) for Defence in its interim budget for 2019-20, which was presented to Parliament by the officiating Finance Minister Piyush Goyal in New Delhi ahead of the general elections in April-May this year.
Mazagon Docks, L&T believed to be frontrunners in competition
From a game-changing missile-firing drone to an Inter-Continental Ballistic Missile (ICBM), key new weapons this year will give India more military muscle, and generate fresh options for the politico-military leadership to address threats.
Manufacture of fighter aircraft, helicopters, UAVs, missiles on agenda at 5 hubs to corner 30 percent of Defence market
Jayant Baranwal, Editor-in-Chief, SP Guide Publications in conversation with the Navy Chief, Admiral Sunil Lanba on the eve of Navy Day.
'It's the Micro, Small and Medium Enterprises (MSMEs) which are the real power sectors and government is ready to support and ease the complexities in the defence procedures', said the Defence Minister, during the joint seminar on 'Opportunities for MSMEs in Defence Sector', organized by FISME in association with SP Guide Publications.