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

2.1%

GDP spent on defence (2021-22)

15%

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

3rd

largest military spender in the world

68%

Capital Acquisition Budget of the Defence Services for FY 2022-23

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

Visit Website

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

Visit Website

One of the designated agencies of government to promote defense indigenization

Defence Research & Development Organisation

+91-11-23902481/87

Visit Website

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

Department of Defence Production

+91-11-23011587

Visit Website

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 and Greece Forge Strategic Alliances

February 22, 2024

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

Read More

Key Budget 2024 proposals

February 2, 2024

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

Read More

India to secure the top spot among 25 countries in defence exports: Union minister

January 29, 2024

Union Minister Ajay Bhatt stated that India is achieving self-sufficiency …

Read More

Events