DEFENCE STARTUPS
Karnataka plans Rs 650 crore hub for space, defence manufacturing
The information technology and biotechnology department said that the sunrise sector can create high-end jobs in the next decade. The state government also wants to be aggressive on defence electronics manufacturing, which will happen at the Aerospace Park situated in Devanahalli, Karnataka¡¯s IT-BT minister, Priyank Kharge told ET.
Karnataka-DRDO ink pact to support defence startups
According to the agreement with the government of Karnataka, startups, MSMEs and industries will be given access to DRDO¡¯s testing facilities. This memorandum is signed in the hopes of catering to the future of defence technologies.
Modi-Meloni unveil defence industrial roadmap to strengthen India-Italy strategic ties
India and Italy have unveiled a four-year strategic plan to bolster their partnership across ten key sectors. The plan includes developing a roadmap for defense industry collaboration, exploring joint production of defense equipment, and increasing cooperation in counterterrorism efforts, cybersecurity, and maritime infrastructure.
Defence exhibition 'East Tech 2024' to foster collaboration between Army, manufacturers: Official
The Eastern Command of the Indian Army is hosting 'East Tech 2024,' a two-day weapons and equipment exhibition, starting Tuesday. The event aims to address operational challenges by showcasing cutting-edge technologies and fostering collaboration between the army and India's defense manufacturing sector.
PM Modi asks youths, startups, innovators to focus on defence
Prime Minister Narendra Modi encourages youth and startups to engage in the defence sector, highlighting India's goal to achieve self-reliance and global leadership. Recent initiatives, such as the rapid establishment of the Tata-Airbus military aircraft facility, demonstrate significant progress and opportunities in the sector.
Every Indian can be proud of India's journey in defence production: PM Modi
Prime Minister Narendra Modi emphasized India's growth in defence production and export, encouraging startups, manufacturers, and innovators to join the sector. He noted the increase in defence production and export figures and mentioned recent advancements, such as the C-295 aircraft manufacturing facility, indigenisation of defence items, and the creation of defence corridors in Uttar Pradesh and Tamil Nadu.
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Army showcases integration of indigenous technologies at training exercise
The Army concluded the Swavlamban Shakti exercise at Babina Field Firing Ranges, testing new technologies for future combat strategies. The event involved 1,800 personnel, 210 armoured vehicles, and multiple aviation assets, emphasizing self-reliance and showcasing indigenous innovations from over 40 industry partners. The exercise aligned with the Aatmanirbhar Bharat initiative.
Time has come for private sector to take lead in defence: Rajnath Singh
Defence Minister Rajnath Singh urged India's private sector to lead in defence innovation, emphasising the necessity for unconventional approaches in modern warfare. Highlights include government support via the Technology Development Fund, successful R&D projects, and recent technology handovers to DRDO and armed forces.
Army's Sudarshan Chakra Corps conducts 'Swavlamban Shakti' exercise
The Sudarshan Chakra Corps of the Indian Army's Southern Command is conducting 'Exercise SWAVLAMBAN SHAKTI' at Babina Field Firing Ranges. Running till October 22, it features 1,800 personnel, 210 armoured vehicles, and showcases over 50 New Technology Equipment from 40 industry partners, including swarm drones and robotic mules, aiming to enhance combat capabilities and boost indigenous defence manufacturing.
Adoption of unconventional ideas only way to progress in unconventional warfare: Rajnath Singh
Defence Minister Rajnath Singh highlights the transformation of conventional warfare due to technology, advocating for innovative ideas and private sector leadership. Launching 'Dare to Dream 5.0', he calls on researchers, start-ups, and entrepreneurs to spearhead advancements in defence technologies, ensuring India achieves self-reliance in the sector.
Time has come for private sector to take lead in defence participation: Rajnath Singh
Union Defence Minister Rajnath Singh calls for greater private sector involvement in India's defence sector due to their innovative capabilities. Highlighting the impact of technology on unconventional warfare, he stresses collaboration between scientists, industrialists, academia, startups, MSMEs, and young entrepreneurs to enhance defence R&D and make India's defence sector stronger and more technology-oriented.
Defence Ministry considers establishing umbrella body for aircraft, drone, and weapon testing
The Defence Ministry is planning a National Aerospace Testing Establishment (NATE) to consolidate the testing and evaluation of all military aircraft, helicopters, drones, and airborne weapons. NATE aims to enhance efficiency, reduce delays, and involve private industry from design to product certification, spearheaded by the Indian Air Force.
Italy-India: Cooperation in full swing from IMEEC to defence industry
India and Italy's strategic partnership is expanding, featuring increased bilateral trade, defence cooperation, and joint ventures in technology and cultural sectors. The countries aim to enhance their collaboration through initiatives like the Indo-Middle East-Europe Economic Corridor and potential third country projects in Africa, bolstering economic and geopolitical ties.
26 products developed under iDEX, orders worth over Rs 1,000 cr placed: Rajnath
Defence Minister Rajnath Singh announced the creation of 26 products under the iDEX initiative. Procurement orders worth over Rs 1,000 crore were placed. He launched ADITI 2.0 and DISC 12 challenges in domains like AI and UAVs to boost defence innovation. This initiative aims to strengthen India's defence ecosystem through innovation and private sector involvement.
Rajnath Singh to inaugurate DefConnect 4.0 event in Delhi today
Union Defence Minister Rajnath Singh will inaugurate DefConnect 4.0 in Delhi to promote indigenous defence innovation. The event, organized by iDEX-DIO under the Ministry of Defence, will bring together armed forces, defence PSUs, innovators, and policymakers. It features a technology showcase, interactive sessions, and discussions on recent budget announcements and semiconductor initiatives.
MS Dhoni invests Rs 4 crore in IPO-bound drone startup Garuda Aerospace
MS Dhoni increased his investment in Garuda Aerospace, a drone startup preparing for an IPO, taking his stake to 1.1%. The company, a leader in agricultural and consumer drones with a 50% market share aims to expand into defense technology and become a market leader within two years.
Army signs 8th procurement contract through iDEX
Reflecting its commitment to 'Atmanirbhar Bharat,' the Indian Army signed its eighth procurement contract through iDEX, focusing on fostering defence innovations. A key contract with QuNu Labs for Quantum Key Distribution aims to replace traditional encryption systems, enhancing security. Currently, 74 projects under iDEX involve collaborations with 77 startups.
In five years, over 1,000 defence startups have emerged in India. Can they grow and meet modern battlefield demands?
India's defence startups are making strides with innovative technologies like long-endurance drones and robotic swarms. Despite funding challenges, companies like NewSpace Research and Technologies are leading the way, supported by govt initiatives. The sector aims to meet modern battlefield demands through cutting-edge solutions and strategic partnerships.
India & US partner to establish semiconductor fabrication unit for national security needs
A multi-material semiconductor fabrication unit is set to be established in Jewar, Uttar Pradesh, as part of an agreement between India and the US during Prime Minister Narendra Modi's recent visit. This facility will produce advanced chips for military applications, catering to the national security needs of both countries, including technologies for night vision, missile-seekers, drones, and more.
Venture fund MGF-Kavachh raises Rs 400 crore, closes first deal
Former defence secretary Ajay Kumar has raised ?400 crore for his venture fund MGF-Kavachh, aimed at investing in startups in defence, space, and deep tech sectors. The fund has closed its first deal and is close to finalising three more. Kumar plans to invest in 30 startups with contributions from high-net-worth individuals and family offices.
Indian Air Force pilot Sqn Ldr SS Bhatkare develops AI-driven aircraft inspection system
Indian Air Force pilot Squadron Leader Bhatkare has developed an AI-driven aircraft inspection system to reduce accidents caused by human errors. This innovation aims to detect damages on aircraft panels, gauges, and covers. Defence Minister Rajnath Singh praised the move towards self-reliance in India's defence sector during the 'Tarang Shakti 2024' exercise.
Rajnath Singh inaugurates IDAX-24 Expo in Jodhpur, latest defence tech like anti-drone gun, pseudo satellite on display
On September 12, 2024, Defence Minister Rajnath Singh inaugurated the India Defence Aviation Exposition (IDAX-24) in Jodhpur, running alongside the Exercise Tarang Shakti-24. Scheduled from September 12 to 14, IDAX-24 features a broad range of aviation technologies and products, showcasing India's indigenous advancements and fostering international collaboration in the aerospace sector.
US invested significantly in expanding strategic partnership with India: Kurt Campbell
The United States is deepening its strategic partnership with India, focusing on defence and technology cooperation. At the INDUS-X Summit in California, US Deputy Secretary of State Kurt Campbell highlighted the significant progress made in areas like space, semiconductors, and clean energy. The initiative aims to foster innovation and strengthen ties between the two nations through joint challenges and co-production agreements.
Third INDUS-X summit between US & India to begin on Monday
The third edition of the INDUS-X summit will commence on Monday at Stanford University, focusing on strengthening India-US defence innovation partnerships. The event will bring together policymakers, startups, venture capitalists, and industry professionals to explore co-production and investment opportunities. Key themes include funding defence innovation and resilient supply chains. The summit is co-hosted by the US-India Strategic Partnership Forum and Stanford University.
Have barely scratched the surface, much potential for deeper collaboration: US experts on Indo-US initiative for defence production
Ahead of the India-US defense innovation summit at Stanford University this week, the US India Strategic Partnership Forum discussed the potential outcomes and goals of the event. The summit, part of the Initiative on Critical and Emerging Technologies (iCET), will focus on enhancing defense innovation through collaboration between military manufacturers, startups, and venture capital firms.
Silicon Valley's push to promote India-US defence cooperation
An India-US initiative to boost defence innovation will receive a Silicon Valley push this week. The INDUS X summit at Stanford University will gather top military manufacturers, startups, and venture capital firms to identify future military challenges and develop solutions. The event aims to enhance cross-border defence innovation ecosystems through co-development and co-production of weapon systems.
Global shift towards China+1 and Russia-Ukraine war open doors for India's defence sector: Report
India's defence exports have surged from Rs 15 billion in 2017 to Rs 210 billion in 2024, growing at a CAGR of 46%. The country aims to become a global defence manufacturing hub, driven by DPSUs, private enterprises, and MSMEs. Key initiatives include aerospace parks, defence corridors, and enhanced development facilities.
USISPF announces third edition of India-US Defence Acceleration Ecosystem to strengthen partnership in defence innovation
The US-India Strategic Partnership Forum will host its third defence summit at Stanford University from September 9 to 10. The event aims to enhance technology partnerships in defence innovation between the US and India. Key focus areas include private capital investment, defence technology, and resilient supply chains. Leading policymakers, venture capitalists, and tech professionals will participate.
Donald Trump's potential White House 'return' spurs investment in European defence startups
Donald Trump's potential return to the White House has triggered increased investments in defence technology startups across Europe. His stance on NATO and defence spending has influenced European leaders to invest more in local defence capabilities. This investment trend is further bolstered by global tensions and record-high military spending in 2023.
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