Economy

Representatives from Safran’s French operations participated alongside its Indian country leadership and newly established Indian international purchasing organisation team. The discussions covered industrial collaboration, supplier development and opportunities for Indian companies to participate in the group’s global aerospace supply chains.

The Ministry of Defence’s official budget documents confirm that ₹1.85 lakh crore has been allocated for capital acquisitions in FY 2026–27, an increase of approximately 24% over the previous financial year. A further 35% increase would raise this allocation to nearly ₹2.50 lakh crore.

DRDO’s R&DE(E) laboratory in Pune has developed and tested the indigenous armour panels following an engineering programme involving design refinement, simulation and ballistic evaluation. The laboratory specialises in military engineering systems and technologies that support the operational requirements of the Indian Armed Forces.

That agreement established a broader framework covering industrialisation, local manufacturing, aircraft assembly, supply-chain development and maintenance support. The partnership seeks to combine Embraer’s aircraft design and manufacturing experience with Mahindra’s industrial presence and defence sector capabilities in India.