News on Indian Economy
The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved capital acquisition proposals worth approximately ₹2.12 lakh crore on 26 October. Around 82% of the proposed procurement value is expected to be sourced from Indian industry
Thales has worked with Indian industrial partners for several years, developing relationships with manufacturers and engineering organisations capable of supplying components and specialised services for its international operations.
Sagar Defence Engineering presented its latest autonomous maritime platform during SWAVLAMBAN 2026, held at the Manekshaw Centre in New Delhi on 26–27 October. The event brought together representatives of the Indian Navy, defence manufacturers, startups, micro, small and medium enterprises, academic institutions and research organisations to promote indigenous innovation.
The Defence Minister identified the limited domestic availability of certain raw materials, including rare earth elements, and the absence of specific technologies as important causes of external dependence.
Transport and logistics account for the largest share of monitored projects, followed by the energy sector. Together, these two categories represent 1,545 projects, or 83.4% of the total, underscoring the importance of connectivity and energy infrastructure in India’s ongoing development programme.
The proposals reflect the Armed Forces’ increasing emphasis on battlefield mobility, integrated surveillance, precision engagement, counter-drone protection and indigenous military platforms. They also represent a substantial potential procurement pipeline for India’s public and private defence industries.
The development represents an important step in India’s efforts to build domestic capabilities in critical space technologies while encouraging propulsion systems that offer improved operational safety, cost efficiency and environmental performance.
The AABHAR Collection provides government departments, public sector undertakings and other eligible institutional buyers with a dedicated platform for purchasing culturally significant products. Its catalogue includes curated gifts, hampers, handicrafts, handloom products, artisanal foods, pantry items and personal care products representing different regions of India.
In the fertile paddy fields of Madhya Pradesh’s Balaghat district grows Chinnor, an indigenous aromatic
The two-day semiconductor summit was organised at the Brilliant Convention Centre in Indore as part of Madhya Pradesh’s efforts to attract investment in emerging technologies and advanced manufacturing.
