Swedish defence major SAAB on Monday announced that it will start producing the iconic Carl-Gustaf M4 weapon systems at a production facility in Haryana by next year, months after receiving the approval for 100 per cent foreign direct investment (FDI) for the mega-project.SAAB became the first foreign defence producer in India to receive the clearance for 100 per cent FDI when the government

Defence Minister Rajnath Singh and top Indian Navy commanders will review maritime security challenges during a conference onboard one of the Navy’s aircraft carriers in the Arabian Sea. Discussions will include China’s military presence in the Indian Ocean and the targeting of cargo vessels by Houthi militants. The conference will also focus on enhancing tri-service synergy and readiness in

Muscat: Oman is highly optimistic about Indian investments in the country, particularly in the development of the Duqm port by the Adani Group, an Oman official said.Saleh Hamood Al Hasani, advisor to the Chairman of the Public Authority for Special Economic Zones and Free Zones in Oman, highlighted Muscat’s ‘welcoming’ stance towards investments by the Adani Group.Although a memorandum of

Funding increased from ₹10 crore to ₹25 crore for start-ups for research, innovation and development of defence technologies, says Defence Minister Rajnath Singh while launching ADITI scheme at DefConnect 2024Fulfilling long standing demand of the industry, the Ministry of Defence (MoD) has created a corpus fund of ₹750 crore for three years, beginning from FY 2023-24, to develop about 30