Looking at Rs 3 lakh crore annual target for India-made military hardware by 2029: Rajnath Singh Pune, Oct 16 (SocialNews.XYZ) Defence Minister Rajnath Singh said on Thursday that the government expects to achieve an annual target of manufacturing military hardware worth Rs 3 lakh crore in India and Rs 50,000 crore in exports by 2029 as part of the big push to self-reliance in the defence sector. "Operation Sindoor is a glowing testimony to India’s growing indigenous prowess, which is a result of the government’s relentless efforts to create a self-reliant defence manufacturing ecosystem within the country,” the minister said in his address to the students of Symbiosis Skills and Professional University here.

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Shivraj Chouhan echoes PM Modi’s call to buy India-made goods New Delhi, Aug 3 (SocialNews.XYZ) Union Minister for Agriculture, Farmers’ Welfare, and Rural Development Shivraj Singh Chouhan on Sunday, echoed the Prime Minister’s appeal urging all Indians to buy products that are made within the country in order to give the fast-growing economy a further push. Prime Minister Narendra Modi, on Saturday, during the disbursement of the 20th installment of the PM-Kisan Samman Nidhi in Varanasi, urged the nation to buy indigenous products.

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Old weapons can’t win new wars: CDS Anil Chauhan calls for future-ready, India-made drone tech New Delhi, July 16 (SocialNews.XYZ) Chief of Defence Staff (CDS) General Anil Chauhan on Wednesday underscored the critical transformation in modern warfare, calling for a robust indigenous drone and counter-UAV capability to meet future challenges. Speaking at the Manekshaw Centre in New Delhi, General Chauhan highlighted how the nature of combat has fundamentally evolved, especially in light of recent experiences like 'Operation Sindoor'.

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Defence Ministry gives nod for buying India-made military hardware worth Rs 1.05 lakh crore New Delhi, July 3 (SocialNews.XYZ) The Defence Acquisition Council, under the chairmanship of Defence Minister Rajnath Singh, on Thursday, gave the go-ahead for 10 proposals to purchase military hardware, including missiles and electronic warfare systems, worth approximately Rs 1.05 lakh crore through indigenous sourcing. The Council accorded its "Acceptance of Necessity (AoN) for the procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles.

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Exclusive-Shein and Reliance aim to sell India-made clothes abroad within a year, sources say MUMBAI/LONDON (Reuters) -Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter. The China-founded, Singapore-headquartered e-commerce firm has been discussing plans with the Indian retailer since before the U.S. imposed tariffs on Chinese imports that intensified the need to diversify sourcing, the people said. The aim is to raise Indian suppliers to 1,000 from 150 within a year, they said. In a statement to Reuters, Shein said it licensed its brand for use in India. Reliance did not respond to queries. Shein sells low-priced apparel such as $5 dresses and $10 jeans shipped directly from 7,000 suppliers in China to customers in around 150 countries. Its biggest market is the U.S. where it is adjusting to tariffs on low-value e-commerce packages from China which were previously imported duty free. The retailer launched in India in 2018 but its app was banned in 2020 as part of government action against China-linked firms amid border tension with its northeastern neighbour. It returned in February under a licensing deal with the Reliance Industries (NSE:RELI) unit which launched SheinIndia.in selling Shein-branded clothes produced in local factories. In contrast, Shein’s other websites mainly list goods from China. Reliance, controlled by Asia’s richest person, Mukesh Ambani, has contracted 150 garment manufacturers and is in discussion with 400 more, said the two people, declining to be identified due to confidentiality concerns. The goal is 1,000 Indian factories making Shein-branded clothes within a year for both the Indian market and to service some of Shein’s global websites, the people said. Shein initially wants to list India-made clothes on its U.S. and British websites, one of the people said. Discussions have been ongoing for months and the launch time of six to 12 months could change depending on supplier numbers, the person said. The scale of supplier expansion and export time frame is reported here for the first time. Shein has licensed its brand for domestic use to Reliance which "is responsible for manufacturing, supply chain, sales and operations in the Indian market," Shein said in a statement. In December, Minister of Commerce and Industry Piyush Goyal told parliament that the Shein-Reliance partnership aimed to create a network of Indian suppliers of Shein-branded clothes for sale "domestically and globally". ON-DEMAND MANUFACTURING Shein is a fast-fashion behemoth earning annual revenue of over $30 billion through low prices and aggressive marketing. Most of its products are from China with some made in countries such as Turkey and Brazil. Its expansion in India mirrors interest in the country from the likes of Walmart (NYSE:WMT) and others throughout the global fashion and retail industries, particularly those looking for suppliers outside China due to the Sino-U.S. trade war. The Shein India app has been downloaded 2.7 million times across Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) Play stores, averaging 120% on-month growth, showed data from market intelligence firm Sensor Tower. Offerings during its first four months have reached 12,000 designs, a fraction of the 600,000 products on its U.S. site. In the women’s dresses category, its cheapest item is priced 349 Indian rupees ($4) versus $3.39 on the U.S. site as of June 9. Shein’s Indian partner Reliance, which operates the app, is working with suppliers to assess whether they can replicate Shein’s global best-sellers at lower cost, the two people said. Reliance aims to emulate Shein’s on-demand manufacturing model, asking suppliers to make as few as 100 pieces per design before increasing production of those that sell well, they said. Executives from Reliance recently visited China to understand Shein’s "innovative" supply chain operations, "data driven" design processes and "disruptive" digital marketing, Manish Aziz, assistant vice president Shein India at Reliance Retail, said in a LinkedIn post in which he called Shein’s scale and speed "truly incredible". The partnership is one of dozens Reliance has with fashion brands, such as Brooks Brothers and Marks and Spencer (LON:MKS). The firm also runs e-commerce site Ajio and its retail network competes with Amazon (NASDAQ:AMZN) and Walmart’s Flipkart as well as value retailers such as Tata’s Zudio. Reliance plans to work with new suppliers to source fabric - especially fabric made using synthetic fibres where India lacks expertise - and import required machinery, the people said. The firm will invest in suppliers and help them grow which in turn will help the Shein-Reliance partnership go global, they said.

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India-made defence systems now a formidable force in 21st-century warfare: PM Modi New Delhi, May 12 (SocialNews.XYZ) Prime Minister Narendra Modi said on Monday that the effectiveness of ‘Made in India’ defence equipment was decisively proven during Operation Sindoor against Pakistan, in which terrorist hubs were wiped out with precision strikes and heavy damage was also caused to airbases deep inside enemy territory. “The world is now witnessing the arrival of ‘Made in India’ defence system as a formidable force in 21st-century warfare, PM Modi said in his address to the nation.

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Govt signs deals worth Rs 2,500 crore for India-made anti-tank weapon platform & light vehicles for army New Delhi, March 27 (SocialNews.XYZ) The Ministry of Defence on Thursday signed a contract with public sector Armoured Vehicle Nigam Limited for the procurement of Nag Missile System (NAMIS) tracked version of the anti-tank weapon platform and another deal with Force Motors Ltd and Mahindra & Mahindra Ltd for around 5,000 light vehicles for the armed forces at a total cost of around Rs 2,500 crore.

Govt signs deals worth Rs 2,500 crore for India-made anti-tank weapon platform & light vehicles for army #Govt #Rs #Indiamade #socialnewsxyz

‘Indigenous defence’: Govt greenlights Rs 54,000 crore purchases of India-made military hardware (Lead) New Delhi, March 20 (SocialNews.XYZ) The Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, on Thursday approved eight proposals worth over Rs 54,000 crore that include the purchase of more powerful engines for the Army’s T-90 tanks, anti-submarine torpedoes for the Navy, and Airborne Early Warning & Control (AEW&C) Aircraft Systems for the Air Force. The council accorded ‘Acceptance of Necessity’ (AoN) for the procurement of a 1350 HP engine to upgrade the present 1000 HP engine for the T-90 tanks.

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Govt okays Rs 54,000 crore purchases of India-made military hardware in big push to self-reliance New Delhi, March 20 (SocialNews.XYZ) The Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, on Thursday approved eight proposals worth over Rs 54,000 crore that include the purchase of more powerful engines for the Army’s T-20 tanks, anti-submarine torpedoes for the Navy, and Airborne Early Warning & Control (AEW&C) Aircraft Systems for the Air Force. The council accorded ‘Acceptance of Necessity’ (AoN) for the procurement of a 1350 HP engine to upgrade the present 1000 HP engine for the T-90 tanks.

Govt okays Rs 54,000 crore purchases of India-made military hardware in big push to self-reliance #Govt #Rs #Indiamade #socialnewsxyz

Cabinet okays Rs 7,000 crore acquisition of India-made advanced artillery guns in big boost for self-reliance New Delhi, March 20 (SocialNews.XYZ) The Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, has approved the acquisition of the India-made Advanced Towed Artillery Gun System (ATAGS) worth nearly Rs 7,000 crore, marking a major step towards the country’s self-reliance in the defence sector, according to official sources. The ATAGS, the first indigenously designed, developed, and manufactured 155 mm artillery gun, is set to enhance the operational capabilities of the Indian Armed Forces with its cutting-edge technology and superior firepower.

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Union Budget 2025 - 2026
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