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

19%

Defence Capital Expenditure (FY21-22)

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

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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

Defence ministry approves capital procurement proposals worth INR 4,276 cr

January 11, 2023

The Defence Ministry has recently approved capital procurement proposals amounting …

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India to become major producer of transport aircraft: PM

October 31, 2022

India will become a major producer of transport aircraft and …

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451 MoUs siged in DefExpo 2022

October 21, 2022

About 451 MoUs and agreements amounting to INR 1.53 trillion …

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Events