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The value currently stands at Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defence industries, the Ministry of Defence officials added.
With the objective of faster development and production of weapons to maintain operational readiness of the armed forces, the Government has given approval to “45 companies/joint ventures” operating in the defence sector with foreign OEMs (original equipment manufacturers). Minister of State
The government has given approval to "45 companies/joint ventures" operating in the defence sector with foreign OEMs
Future conflicts will be unpredictable
Addressing the Naval Commanders' Conference aboard INS Vikrant, Defence Minister Rajnath Singh said