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Modernisation of defence equipment top priority: Jaitley

Modernisation of defence equipment is the top most priority for the government, Defence Minister Arun Jaitley said on Monday as he addressed the Army Commanders' Conference here.

Defence sector receives only $1 million of FDI in 3 years

The defence sector received only USD 1 million in terms FDI equity inflow in the last three years, the Lok Sabha was informed on Friday.

Can't source defence equipment 100 percent from private sector: Parrikar

Defence Minister Manohar Parrikar on Tuesday said defence equipment and weapons cannot be sourced 100 percent from the private sector.

61 percent defence contracts in 2014-15 went to Indian vendors: Govt

Over 61 per cent of the Rs 65,591 crore defence contracts in 2014-15 went to Indian vendors, the government said in Rajya Sabha.

HAL share sale likely before March end

State-run defence equipment maker Hindustan Aeronautics Ltd (HAL) is expected to come out with its initial share sale to offload 10 percent stake in the current fiscal ending March.