Indian Defence Capabilities Surge Decade
Over the past ten years, India has seen a remarkable transformation in its defence capabilities, largely attributed to the policies and initiatives under the Modi government. A significant highlight is the reduction in dependency on foreign arms imports, with 60% of the country's total arms and ammunition now being produced domestically.
According to NITI Aayog member VK Saraswat, India's defence ecosystem has become predominantly indigenous. This shift has been driven by the involvement of major Indian corporations such as the Adani Group, Tata Group, and Larsen & Toubro, which are no..
Mazagon Dock Shipbuilders marks 250-year milestone
Mazagon Dock Shipbuilders (MDL) celebrated the completion of 250 years. It started as a small dry dock in 1774 and was incorporated in 1934. Since 1960, it has been under the stewardship of the Government of India.
To commemorate this significant milestone, MDL organized a series of events. These included the inauguration of land acquired from the Mumbai Port Authority (MPA), the unveiling of a prototype of the indigenous midget submarine ?Arowana?, the commissioning of a Solar Electric Hybrid boat, the release of MDL?s Commemorative Coin marking the 250 years, and the hosting of a day..
Coromandel increases its share in the drone company Dhaksha
An additional 7% acquisition in Chennai-based drone manufacturing company Dhaksha Unmanned System by Coromandel International, through its wholly-owned subsidiary Coromandel Technology (CTL), was recently announced by investing Rs 1.5 billion. This has increased its overall shareholding in Dhaksha to 58%.
Dhaksha has received many orders from defence and agricultural input firms in the last year, and as of now, it has Rs 2.6 billion in open orders. Dhaksha, a prominent participant in India's drone industry, was founded in 2019 and has its headquarters in Chennai. It offers a wide r..