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India's defence sector holds prospect of USD 138 billion from FY24 to FY32

India's defence sector holds prospect of USD 138 billion from FY24 to FY32

May 13, 2024, at 05:30 am

New Delhi: Amid increasing demand for defence equipment, technologies, and services, India's defence sector holds a substantial ordering prospect of nearly USD 138 billion from FY24 to FY32 for companies involved in defence production and technology advancement, according to a report titled 'India Defence' by Nomura.

India, Oman ink MoU on procurement of defence material, equipment

India, Oman ink MoU on procurement of defence material, equipment

Feb 01, 2024, at 04:38 pm

New Delhi: India and Oman on Wednesday signed a Memorandum of Understanding (MoU) on procurement of defence material and equipment which would provide a framework for a new area of defence collaboration.