Indian government endeavours to boost indigenous defence manufacturing.
GDP spent on defence (2021-22)
Share in global arms import
US$ 11.3 bn
Market size of the defence sector
INR 5.94 lakh crore
Allocation in Budget 2023-24
largest military spender in the world
Capital Acquisition Budget of the Defence Services for FY 2022-23
Investments FDI in defence sector through the Automatic Route
dedicated Defence Industrial Corridors in the States of Tamil Nadu and Uttar Pradesh
Focus on Indigenously Designed Developed and Manufactured (IDDM) category is expected to bring significant investments in defence R&D.
One of the key objectives of the Make in India initiative of the Government of India is to bring Micro, Small and Medium Enterprises (MSMEs) into the defence supply chain and thereby boost the self-reliance of the country in defence, and also contribute towards the burgeoning defence exports market.
The aim of the Defence Acquisition Procedure (DAP), erstwhile Defence Procurement Procedure (DPP), is to ensure timely procurement of military equipment, systems and platforms as required by the Armed Forces in terms of performance, capabilities and quality standards, through optimum utilisation of allocated budgetary resources.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
Airbus has supplied technology to India's civil aviation and defence sectors
BAE Systems recognizes India as one among its top global defence markets
Lockheed Martin to make F-16 Block fighter jets in India with local partner
Raytheon to make Stinger air defence missile components with local partner
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
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