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

India Targets INR 3 Lakh Crore Annual Defense Production by 2028-29

February 26, 2024

India aims to achieve a significant milestone in its defence …

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India and Greece Forge Strategic Alliances

February 22, 2024

India and Greece agreed to collaborate on the co-production and …

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Key Budget 2024 proposals

February 2, 2024

The Vote on Account, presented by Finance Minister Nirmala Sitharaman, …

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Events