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OneSavingsBank plc - 2023 Annual Report and Accounts | Company Announcement

NCLT admits insolvency petition against BGR Energy Systems

NCLT admits insolvency petition against BGR Energy Systems
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View: Defence exports have witnessed a considerable uptick, even as some bottlenecks need removing

Narendra Modi s dialogue on India s defence exports with Vladimir Putin in September 2022 led to a remarkable surge of ₹21,083 crore in 2023-24. This growth, driven by various initiatives and partnerships, underscores the evolving landscape of India s defence industry. 2023-24 has witnessed a big increase, from ₹15,920 crore in 2022-23 to ₹21,083 crore, representing an increase of 32.43%. Notwithstanding the pandemic serving as a dampener, at no stage before the last decade have Indian defence exports experienced such a steep upward trajectory.

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