The Government has identified the Defence and Aerospace sector as a focus area for the ‘Aatmanirbhar Bharat’

3.3%

Share of GDP spent on defence (2023-24)

15%

Share in global arms import

$1.068 Tr

Current value of Defence production in FY 2022-23

INR 1.72 lakh crore

Budgetary allocation for capital expenditure in Defence for FY 24-25

3rd

largest military spender in the world

606

Industrial Licences issued to 369 companies operating in Defence Sector.

74%

Investments FDI in defence sector through the Automatic Route

2

dedicated Defence Industrial Corridors in the States of Tamil Nadu and Uttar Pradesh

IDDM

Focus on Indigenously Designed Developed and Manufactured (IDDM) category is expected to bring significant investments in defence R&D.

Ministry of Defence

+91-11-23019474

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Provides the policy framework and wherewithal to the Armed Forces to discharge their responsibilities in the context of the defence of the country

Defense and Strategic Industries Association of India

+91-11-42420580

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One of the designated agencies of government to promote defense indigenization

Defence Research & Development Organisation

+91-11-23902481/87

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A network of 50 laboratories engaged in developing defence technologies covering various disciplines

Department of Defence Production

+91-11-23011587

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Deals with matters pertaining to defence production.

Investment Opportunities

  • US$130bn worth investment opportunities to emerge in the sector over the next 5-7 years.
  • Defence Procurement Procedure has been amended to encourage participation of foreign OEMs.
  • Above US$300mn worth of procurement will be necessary to be eligible for project offsets.

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

News

US and India strengthen strategic trade and technology ties

June 19, 2024

US NSA Jake Sullivan and Indian counterpart Ajit Doval have …

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Modi and Macron strengthen defence ties, emphasise ‘Make in India’

June 14, 2024

Prime Minister Narendra Modi and French President Emmanuel Macron agreed …

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India and France begin negotiations for Rafale Marine jet deal

May 28, 2024

In a significant development, contract negotiations between India and France …

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Events