UK-US Tech Deal: $42B investment in AI, quantum, and nuclear energy
In a landmark agreement during President Donald Trump's state visit, the UK and US have unveiled a $42 billion "Tech Prosperity Deal," focusing on adv...
India is expanding defence manufacturing and exports, with Aero India showcasing technological advancements and global partnerships.
India is advancing its defence manufacturing capabilities and expanding exports, Defence Minister Rajnath Singh announced on Monday at the opening of the country's largest air show. The event highlights India’s focus on technological progress and international partnerships in the aerospace and defence sectors.
The country’s domestic defence production is expected to exceed 1.25 trillion rupees ($14.24 billion) in the current fiscal year, while defence exports will cross 210 billion rupees for the first time. "We are fully committed to significantly increasing these numbers in the coming years," Singh stated.
The biennial Aero India aerospace exhibition, held in Bengaluru, serves as a platform for discussions on joint production and business collaborations. More than 150 international companies are participating, with representatives from around 30 countries in attendance.
A key feature of the event is the display of advanced fifth-generation fighter jets from Russia and the United States—the Su-57 and Lockheed Martin’s F-35 Lightning II. The defence ministry noted that "the inclusion of both the Su-57 and F-35 highlights India's position as a key hub for international defence and aerospace collaboration," offering insights into cutting-edge aviation technology.
Over the past decade, India has expanded its engagement with global partners to enhance technological capabilities and diversify its defence sector. The U.S. embassy confirmed that over two dozen American exhibitors will participate in the event, exploring new business opportunities with Indian counterparts.
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