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Rs 70,000 crore schemes to regain India’s maritime power
According to PM Modi,
Data shows that the share of export-import (EXIM) cargo carried on Indian ships has declined sharply from 41% in FY1988 to just 5% in FY2023, Which has resulted in India paying approximately Rs 6 lakh crore annually to foreign shipping companies for their services—an amount nearly equivalent to the country’s defence budget
Atma Nirbhar Push- Justice delayed but not denied to Shipping sector
70,000 crore push consists of
A shipbuilding fund worth Rs 20,000 crore, plus
A Rs 25,000 crore Maritime Development Fund which was announced during the Union Budget, plus
A shipbuilding financial assistance scheme of Rs 25,000 crore.
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Defence sector detailed analysis report: https://research.incredresearch.com/Sector/Index/11?ReportId=4183
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Thanks for the detailed article
In brief , exactly the same stocks were also discussed few days back on 12 th sept much before this article was published l.
Discl :
Not a buy sell recommendation.
i have invested in some of these defence names from.lower level and I continue to hold them I may be biased.
Please do your own assessment, apply due diligence before buy sell
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Submarine order P-75(I) worth 70000 crore is a done deal as there is no other competition to MDL..
MDL Confident of P-75(I) Sub Pact with TKMS by March 2026, Fulfilling Indian Navy’s Critical AIP-Enabled Hunter Needs MDL Confident of P-75(I) Sub Pact with TKMS by March 2026, Fulfilling Indian Navy’s Critical AIP-Enabled Hunter Needs | Defence News India
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From a buyer to a manufacturer- Why Europe and Israel Are Turning to India for Mass Production of Essential Defence Equipment Amid Prolonged Conflicts
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Guided 120mm rockets exported by Solar Defence and Aerospace Limited (SDAL) to Armenia. This is quite big - even before Indian Army gave orders for guided Pinaka, Solar has exported them to Armenia. These guided rockets, which were developed by DRDO and later on passed on to 2 companies Solar and Munitions India Ltd (govt. owned) via a Transfer-of-Technology, have a precision of 2-3m at a range of 75km! These will change the dynamics of Caucasus region.
Europe & Middle East are becoming first movers in ordering many Indian manufactured defence systems, which are yet to be supplied to the Indian Armed Forces.
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Budget 2026 shifts gear from electronic assembly to electronics manufacturing components. ECMS outlay doubled to 40000 crore. Stocks under watchlist
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