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The Indian Ministry of Defence finalized contracts worth Rs 4,666 crore for the acquisition of Close Quarter Battle Carbines and Heavy Weight Torpedoes. Contracts for the Carbines were signed with Bharat Forge Ltd and PLR Systems Pvt Ltd, aimed at equipping the Indian Army and Navy. Meanwhile, Heavy Weight
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India Optel Limited (IOL) has signed a partnership agreement with Safran Electronics & Defense to locally manufacture two high-precision defense systems in India. This collaboration is part of the Make-in-India initiative and involves the production of the SIGMA 30N Digital Ring Laser Gyro Inertial Navigation System and the CM3-MR Direct
Joint Venture
Bharat Electronics Limited (BEL) and Safran Electronics & Defence (SED) have signed a Joint Venture Cooperation Agreement (JVCA) to produce the HAMMER Smart Precision Guided Air-to-Ground Weapon in India. This initiative supports the Make-in-India and Aatmanirbhar Bharat initiatives, aiming for 60% indigenisation in manufacturing. The agreement was signed on November
Satellite Launch Pad
The Department of Space has received financial sanction for the Third Satellite Launch Pad Project, with key milestones set for completion between May 2028 and March 2029. The project includes civil works, fluid systems, and launch pad facilities, with a focus on partnering with Indian private players and MSMEs to
Make-in-India
During the CII Annual Business Summit, Raksha Mantri Rajnath Singh emphasized the significance of the Make-in-India initiative in enhancing India's defense capabilities, particularly during Operation Sindoor. He announced the AMCA Execution Model, which will involve the private sector in developing advanced fighter aircraft, marking a pivotal moment for