The agreements, finalised in the presence of Defence Secretary R K Singh, will provide critical logistical support to the Indian Army, Indian Air Force, and Indian Navy.
India is undergoing a transformative phase, positioning itself as a global leader in defence innovation and aerospace technology, said Defence Minister Rajnath Singh during the valedictory address at the 15th Aero India in Bengaluru, Karnataka, today.
Israel's defence ministry announced on Tuesday it has signed deals worth about 1 billion shekels (276 million US dollars) with defence contractor Elbit Systems to boost domestic arms production amid the ongoing conflict in Gaza.
In a major boost to Aatmanirbhar Bharat, the Ministry of Defence (MoD) on Monday signed a contract with Hindustan Aeronautics Limited (HAL) for 240 AL-31FP Aero Engines for Su-30MKI aircraft at a cost of over Rs 26,000 crore.
"You are an important link between the Armed Forces and the rest of the civilian government. There is a need to further strengthen your capabilities for enhanced efficiency," the defence minister said while addressing the 83rd AFHQ Civilian Services Day here.
This MoU will help MSMEs and emerging companies in the defence sector to scale-up their business operations, explore new markets and fund their R&D activities, it said.
SpacePixxel has been actively working to build and launch high-resolution hyperspectral imaging satellites to provide detailed earth observation data.
While taking charge of his ministry, the defence minister said the country has already exported defence equipment worth Rs 21,000 crore, which is a historic achievement.
In order to bolster effective command, control and efficient functioning of Inter-Services Organisations (ISOs), the Bill was passed by both the Houses of Parliament during the Monsoon Session of 2023.
"Led by MSME, this upgrade will incorporate all indigenous weapons and capabilities, enhancing operational training for IAF pilots," an official statement said.
