Ministry of Defence Technology Development Fund: India’s Ministry of Defence’s Technology Development Fund (TDF) scheme has already sanctioned a total of 77 projects with a combined value exceeding Rs 300 crore. These projects have successfully yielded 27 new defence technologies, said the government on Wednesday.
Rheinmetall-Leonardo Battle Tank Cooperation: Rome/Düsseldorf, July 3, 2024 – In a move that significantly bolsters European defense capabilities, Italian defense giant Leonardo and German counterpart Rheinmetall Wednesday announced the signing of a Memorandum of Understanding (MoU) to establish a 50-50 joint venture. This venture will spearhead the development of cutting-edge land defense systems, with a focus on the Italian Army’s needs and ambitions for international export.
