Make in India Drives Defence Growth
DEFENSE

Make in India Drives Defence Growth

India’s defence production surged to Rs 1.27 trillion in FY 2023-24, reflecting a 174% rise since 2014-15, propelled by the Make in India initiative. The Ministry of Defence secured a record 193 contracts worth over Rs 2,090.5 billion in 2024-25, with 92% awarded to domestic firms. Defence exports reached Rs 210.83 billion, growing 30 times in a decade, with India supplying military equipment to over 100 countries. More than 14,000 items have been indigenised under the SRIJAN initiative, with 3,000 listed under Positive Indigenisation Lists. The government aims to achieve Rs 3 trillion in production and Rs 500 billion in exports by 2029, further solidifying India’s role as a global defence manufacturing hub.

(PIB)

India’s defence production surged to Rs 1.27 trillion in FY 2023-24, reflecting a 174% rise since 2014-15, propelled by the Make in India initiative. The Ministry of Defence secured a record 193 contracts worth over Rs 2,090.5 billion in 2024-25, with 92% awarded to domestic firms. Defence exports reached Rs 210.83 billion, growing 30 times in a decade, with India supplying military equipment to over 100 countries. More than 14,000 items have been indigenised under the SRIJAN initiative, with 3,000 listed under Positive Indigenisation Lists. The government aims to achieve Rs 3 trillion in production and Rs 500 billion in exports by 2029, further solidifying India’s role as a global defence manufacturing hub. (PIB)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?