Japan has approached India regarding participation in the joint development of a next-generation fighter jet currently underway with the United Kingdom, Italy, and other countries, according to a report by Kyodo News. The move is aimed at reducing the substantial costs associated with the project and expanding international collaboration. The development plan, known as the […]
IDBI Capital Markets & Securities Ltd has announced its exit from two portfolio companies, Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix Pvt. Ltd. The investments were made through the Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund managed by IDBI Capital. The fund has invested approximately INR 4.15 […]
Swedish defence company Saab has successfully delivered its AT4 anti-armour weapon system to the Indian Armed Forces. The AT4CS AST variant, designed for use in confined spaces such as buildings and bunkers, is a single-shot, man-portable, unguided rocket launcher. This delivery follows a contract awarded to Saab in 2022 for the system, which will be […]
India and France have signed an Inter-Governmental Agreement (IGA) for the procurement of 26 Rafale aircraft for the Indian Navy, including 22 single-seater and four twin-seater variants. The agreement also covers training, simulators, associated equipment, weapons, performance-based logistics, and additional equipment for the Indian Air Force’s existing Rafale fleet. As part of the agreement, a […]
The Defence Research and Development Organisation (DRDO) has completed over 1,000 seconds of ground testing for an active cooled scramjet subscale combustor. The test, conducted by the Defence Research & Development Laboratory (DRDL) on April 25, 2025, took place at the newly established Scramjet Connect Test Facility in Hyderabad. It follows an earlier test of […]
Allison Transmission has been selected to supply its 3040 MX cross-drive transmission for all prototype vehicles being developed by the three Indian government-funded original equipment manufacturers (OEMs) under the Future Infantry Combat Vehicle (FICV) program. The program seeks to replace approximately 1,750 aging BMP-II infantry vehicles operated by the Indian Army. The total value of […]
Drone manufacturer Vayudh has secured USD 10 million in a funding round led by Dharana Capital. The company plans to use the investment to expand its manufacturing infrastructure, strengthen research and development efforts, and accelerate drone deployments for India’s defence sector. Other investors in the round include Deepinder Goyal (Eternal), Ajay Aggarwal (Action TESA), Sumit […]
A roundtable organized by the Society of Indian Defence Manufacturers (SIDM), in partnership with the U.S.-India Business Council (USIBC), brought together defence industry representatives from India and the United States to discuss manufacturing-focused cooperation. The event featured participation from Andrew Byers, Deputy Assistant Secretary of Defense for South and Southeast Asia, and Doug Beck, Director […]
Israel Aerospace Industries (IAI) and DCX Systems Limited have established a new joint venture, ELTX, to manufacture and develop defence electronics in India. The venture will focus on technologies including airborne radars and ground systems for use in the Indian defence sector. According to information released by the companies, ELTX will facilitate the transfer of […]
CARACAL, a small arms manufacturer based in the UAE, and ICOMM Tele Ltd, a group company of Megha Engineering & Infrastructures Ltd (MEIL), have inaugurated a small arms manufacturing facility in Hyderabad. This facility, which will be located at ICOMM’s Integrated Engineering Facility, will produce a range of advanced firearms, marking a significant milestone in […]