StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
    Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
    4 Min Read
    Bankers readying Paramount’s B debt sale for Warner Bros. – Bloomberg (PSKY:NASDAQ)
    Bankers readying Paramount’s $49B debt sale for Warner Bros. – Bloomberg (PSKY:NASDAQ)
    0 Min Read
    Trump flexes endorsement energy for Ken Paxton after ousting Cassidy
    Trump flexes endorsement energy for Ken Paxton after ousting Cassidy
    10 Min Read
    Type 13G Practical Manufacturers Inc. For: 19 Might
    Type 13G Practical Manufacturers Inc. For: 19 Might
    0 Min Read
    CleanSpark Jumps 6.1% After Macquarie Maintains Outperform
    CleanSpark Jumps 6.1% After Macquarie Maintains Outperform
    3 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    NATO assembly Sweden: Rubio to debate Europe troop ranges, defence spending, Arctic safety
    NATO assembly Sweden: Rubio to debate Europe troop ranges, defence spending, Arctic safety
    5 Min Read
    Trump Delays Iran Strike Determination After Qatar and UAE Calls on Peace Talks
    Trump Delays Iran Strike Determination After Qatar and UAE Calls on Peace Talks
    4 Min Read
    Ought to buyers fear when even optimists flip cautious?
    Ought to buyers fear when even optimists flip cautious?
    10 Min Read
    Why Gold-Backed Stablecoins Are Immediately Changing into A Massive Subject In India’s Crypto Business?
    Why Gold-Backed Stablecoins Are Immediately Changing into A Massive Subject In India’s Crypto Business?
    6 Min Read
    Face Worth change in a fund of Shriram Mutual Fund
    Face Worth change in a fund of Shriram Mutual Fund
    0 Min Read
  • Market Analysis
    Market AnalysisShow More
    CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
    CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
    3 Min Read
    The way to make investments on your daughter’s training and wedding ceremony targets
    The way to make investments on your daughter’s training and wedding ceremony targets
    8 Min Read
    Multibagger defence inventory jumps over 15% after This autumn outcomes. Alternative maintains bullish outlook with ₹365 goal
    Multibagger defence inventory jumps over 15% after This autumn outcomes. Alternative maintains bullish outlook with ₹365 goal
    5 Min Read
    How Investing.com’s AI Technique Predicted the Rally in Vedanta, Nuvama & SAIL on Might 1st
    How Investing.com’s AI Technique Predicted the Rally in Vedanta, Nuvama & SAIL on Might 1st
    6 Min Read
    Indian rupee falls in opposition to US greenback in 2026 as oil costs and outflows rise
    Indian rupee falls in opposition to US greenback in 2026 as oil costs and outflows rise
    7 Min Read
  • Trading
    TradingShow More
    Brief-Vendor Assaults Everspin Inventory — This is What You Want To Know – Everspin Applied sciences (NASDAQ:MRAM)
    Brief-Vendor Assaults Everspin Inventory — This is What You Want To Know – Everspin Applied sciences (NASDAQ:MRAM)
    3 Min Read
    Carl Icahn Beat Berkshire Final Quarter — However There’s A Catch
    Carl Icahn Beat Berkshire Final Quarter — However There’s A Catch
    2 Min Read
    Why Each EA Vendor Wants an MT5 EA License Key Generator 
    Why Each EA Vendor Wants an MT5 EA License Key Generator 
    12 Min Read
    0 Invested In Hilton Worldwide Holdings 5 Years In the past Would Be Value This A lot At this time – Hilton Worldwide
    $100 Invested In Hilton Worldwide Holdings 5 Years In the past Would Be Value This A lot At this time – Hilton Worldwide
    1 Min Read
    ECARX Holdings Q1 2026 Earnings Name Transcript – ECARX Holdings (NASDAQ:ECX)
    ECARX Holdings Q1 2026 Earnings Name Transcript – ECARX Holdings (NASDAQ:ECX)
    37 Min Read
Reading: Self-reliance in defence pivotal to strategic autonomy and Viksit Bharat imaginative and prescient: Defence Secretary Rajesh Kumar Singh
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Business > Self-reliance in defence pivotal to strategic autonomy and Viksit Bharat imaginative and prescient: Defence Secretary Rajesh Kumar Singh
Business

Self-reliance in defence pivotal to strategic autonomy and Viksit Bharat imaginative and prescient: Defence Secretary Rajesh Kumar Singh

StockWaves By StockWaves Last updated: June 1, 2025 4 Min Read
Self-reliance in defence pivotal to strategic autonomy and Viksit Bharat imaginative and prescient: Defence Secretary Rajesh Kumar Singh
SHARE


Defence Secretary Rajesh Kumar Singh has underscored the crucial of Aatmanirbharta within the defence sector, calling it important not just for preserving India’s strategic autonomy but additionally for realising the bold imaginative and prescient of Viksit Bharat by 2047. 

Addressing a high-level defence conclave in New Delhi on Could 29-30, Singh articulated the federal government’s sweeping reforms geared toward fortifying the home defence industrial base.

“Self-reliance in defence is central to securing our strategic pursuits and catalysing India’s transformation right into a developed financial system,” he mentioned.

Singh linked defence indigenisation to broader nationwide goals, together with scaling GDP from $4 trillion to $32 trillion, increasing manufacturing, fostering a vibrant startup ecosystem, producing employment, and leveraging dual-use applied sciences for civilian purposes.

India’s defence panorama has witnessed a tectonic shift over the previous decade. “From being the world’s largest importer in 2015, India has emerged as one of many prime 25 defence exporters,” Singh famous.

Over 100 Indian companies now export cutting-edge platforms and methods — together with BrahMos missiles, Pinaka rocket launchers, simulators, armoured autos, Dornier plane, and offshore patrol vessels — to greater than 100 nations. Defence exports have surged thirtyfold, touching Rs 23,622 crore in FY 2023-24.

The home ecosystem now includes 16 Defence PSUs, 430 licensed non-public entities, and practically 16,000 MSMEs. Indigenous defence manufacturing has tripled from Rs 43,746 crore in 2014 to Rs 1.27 lakh crore within the final fiscal.

In a significant milestone, the Ministry of Defence totally utilised its modernisation finances in FY 2024-25 for the primary time in 5 years. It additionally inked contracts price a document Rs 2 lakh crore — double the earlier yr’s whole. “This unprecedented capital outlay is not going to solely speed up modernisation but additionally bolster the case for rising defence expenditure to 2.5 per cent of GDP within the close to time period and as much as 3 per cent within the medium time period,” Singh acknowledged.

On the reform entrance, Singh introduced a pointy discount in procurement cycle timelines, shaving off practically 69 weeks from sure processes. The Defence Acquisition Process 2020 is being comprehensively overhauled to mirror operational realities and foster competitiveness. 

He harassed the necessity to shift from a legacy cost-plus, PSU-centric procurement mannequin to a market-driven, aggressive regime the place each private and non-private gamers can vie for contracts. This mannequin is already being utilized to shipbuilding and the AMCA challenge.

The Secretary highlighted a set of structural reforms: transitioning to deemed licensing to boost bureaucratic accountability, scrapping product reservations for PSUs, streamlining procurement protocols, and adopting aggressive bidding. These steps, he mentioned, are very important for broadening the defence manufacturing base and unlocking non-public sector potential.

Singh urged non-public business to decide to long-term investments in R&D, capital gear, and engineering infrastructure. “Companies missing the technological depth, capital base, or willingness to put money into innovation ought to rethink venturing into defence. With out these fundamentals, their contribution to strategic autonomy shall be negligible,” he asserted.

Reiterating the federal government’s dedication to a stage taking part in subject, Singh assured the non-public sector of continued enhancements in ease of doing enterprise, geared toward fostering a strong, resilient and future-ready home defence ecosystem.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article Prime 10 Nifty 500 shares the place each MFs and FIIs boosted holdings in This fall – Possession Enhance Prime 10 Nifty 500 shares the place each MFs and FIIs boosted holdings in This fall – Possession Enhance
Next Article New German chief Friedrich Merz will meet Trump on the White Home subsequent week New German chief Friedrich Merz will meet Trump on the White Home subsequent week
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
Iran alone accounts for almost 80% of worldwide executions in 2025, says report
Iran alone accounts for almost 80% of worldwide executions in 2025, says report
May 20, 2026
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
May 20, 2026
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?
May 20, 2026
CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
CII Jharkhand meets Hemant Soren on industrial coverage and EV ecosystem growth
May 20, 2026
FYB Token Formally Launched: Constructing a Subsequent-Technology Platform Token with Deflationary Mechanism and Twin-Cycle Ecosystem
FYB Token Formally Launched: Constructing a Subsequent-Technology Platform Token with Deflationary Mechanism and Twin-Cycle Ecosystem
May 20, 2026

You Might Also Like

NCRTC receives budgetary allocation of Rs 2,900 crore
Business

NCRTC receives budgetary allocation of Rs 2,900 crore

6 Min Read
A Newbie’s Information to Understanding Market Actions
Business

A Newbie’s Information to Understanding Market Actions

7 Min Read
Nifty Midcap index surges 2%, Smallcap up 1.4%: examine the record of gainers
Business

Nifty Midcap index surges 2%, Smallcap up 1.4%: examine the record of gainers

3 Min Read
Hazoor Multi Initiatives shares rally 14% after Rs 913 crore photo voltaic EPC contract win
Business

Hazoor Multi Initiatives shares rally 14% after Rs 913 crore photo voltaic EPC contract win

2 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

Iran alone accounts for almost 80% of worldwide executions in 2025, says report
Forward of Market: 10 issues that can resolve inventory market motion on Wednesday
Up 30% this 12 months, the BP share value nonetheless seems to be undervalued regardless of oil surging. What’s the catch?

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up