Defence – ICC Sector Watch

The Indian Army’s ‘Make in India’ initiative is spearheaded by the Army Design Bureau (ADB)

The Indian Army’s ‘Make in India’ initiative is spearheaded by the Army Design Bureau (ADB). The role of ADB is to undertake technology scan, identify technologies for acquisition and development, facilitate R&D efforts with Industry, Academia, DRDO & DPSUs. Some of the critical Projects on which ADB is working are in the areas of Autonomous…

India and Egypt have signed a MoU to further boost bilateral defence cooperation

India and Egypt have signed a MoU to further boost bilateral defence cooperation. Both countries will focus on defence coproduction and maintenance of equipment as well as joint training. Egypt has expressed interest in acquiring military platforms from India. Among other things, Egypt is considering the indigenous Light Combat Aircraft (LCA) for its fighter requirement. Market analysts…

With the Ministry of Defence (MoD), GoI ensuring that emergency financial powers allocated to the armed forces for quick contracting of weapon systems aren’t used for imports

With the Ministry of Defence (MoD), GoI ensuring that emergency financial powers allocated to the armed forces for quick contracting of weapon systems aren’t used for imports, a significant opportunity has opened up for domestic companies. It is learnt that several dozen projects are under discussion, with the private sector set to deliver a variety…

India and Bangladesh signed their first defence contract under the $500 million line of credit (LoC), which was extended by India

India and Bangladesh signed their first defence contract under the $500 million line of credit (LoC), which was extended by India. India will supply defence gear under this contract. Bangladesh military is also apparently eyeing military hardware from India in the long run. Currently Chinese equipment forms the bulk of Bangladesh defence hardware. According to a recent report…

As part of the efforts to achieve self-reliance in Defence manufacturing and minimize imports by the Defence Public Sector Undertakings

As part of the efforts to achieve self-reliance in Defence manufacturing and minimize imports by the Defence Public Sector Undertakings (DPSUs), a positive indigenisation list has been notified by the Defence Ministry. The list includes 2,500 imported items that have already been indigenized and 351 high-value imported items which will be indigenised in the next…

India clocked the highest ever defence exports of Rs 12,815 crore in 2021-22

India clocked the highest ever defence exports of Rs 12,815 crore in 2021-22. This was a 54.1 percent rise over the previous year. It is pertinent to note that the exports in the financial year 2022 were almost eight times what they were about five years back. According to the reports, India’s defence exports were…