PM seeks induction of tech advisors from private sector into public sector
ISLAMABAD: Prime Minister Shehbaz Sharif has chaired a meeting regarding the induction of technical advisors and...
Source: brecorder.com
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Financing, Africa's major problem - AfDB - Punch Newspapers
The Chief Economist, AfDB, Prof. Kevin Urama, says financing has remained the major constraint of accelerated transformation in Africa.
Source: punchng.com
African Guarantee Fund and Nordic Development Fund join forces to tackle climate challenges in Nigeria
Africa Business Communities
Source: africabusinesscommunities.com
defence production: Private sector's share in defence production reaches highest in eight years
Private sector companies in India have played a significant role in the country's defence production, contributing Rs 16,411 crore in fiscal year 2023-24, marking the highest share since 2016-17. Despite a decrease from the previous year, this contribution accounted for 22 per cent of the total defence production of Rs 74,739 crore. The government's push for local defence production, record high defence exports, and investments in defence corridors in Uttar Pradesh and Tamil Nadu aim to boost domestic manufacturing and reduce reliance on imports.
Source: indiatimes.com
View: Defence exports have witnessed a considerable uptick, even as some bottlenecks need removing
Narendra Modi's dialogue on India's defence exports with Vladimir Putin in September 2022 led to a remarkable surge of ₹21,083 crore in 2023-24. This growth, driven by various initiatives and partnerships, underscores the evolving landscape of India's defence industry. 2023-24 has witnessed a big increase, from ₹15,920 crore in 2022-23 to ₹21,083 crore, representing an increase of 32.43%. Notwithstanding the pandemic serving as a dampener, at no stage before the last decade have Indian defence exports experienced such a steep upward trajectory.
Source: indiatimes.com