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Datanomics: Private-sector collaboration to drive self-reliance in defence
Defence Minister Rajnath Singh recently said that India's annual defence production reached an all-time high of ₹1.46 trillion in FY25, nearly doubling from ₹0.74 trillion in FY17
New Delhi
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With the success of Indian defence products in Operation Sindoor, India aims to showcase the export potential and combat readiness of its indigenous arms globally. Recently, Dassault Aviation and Tata Advanced Systems Ltd (TASL) signed four production transfer agreements to manufacture Rafale fighter jet fuselages in India, marking the first time this will be done outside France. Such private-sector collaboration is expected to boost India's self-reliance in the sector and support the 'Make in India' initiative.
Steady climb in defence production
Defence Minister Rajnath Singh has said India's annual defence production nearly doubled to ₹1.46 trillion in FY25 from ₹74,000 crore
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Time of India
22 minutes ago
- Time of India
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Mint
25 minutes ago
- Mint
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The Print
26 minutes ago
- The Print
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This is the first time the concept of 'state sponsored terrorism' is being acknowledged by FATF as a funding source. 'Only India's National Risk Assessment (NRA) recognises state-sponsored terrorism from Pakistan as a key TF risk. The inclusion of 'state sponsored terrorism' as a concept in the report demonstrates international recognition of state-sponsored terrorism by Pakistan,' sources added. Pakistan's history with FATF's 'grey list' dates back to February 2008, when it was placed in the monitoring list. In June 2010 it was removed from the list, only to be brought back in February 2012, and then removed again in February 2015. It was brought back in the list again for the third time in June 2018, and was later removed in October 2022 with FATF asking Pakistan to continue to work with APG to further improve its anti-moneylaundering/combating the financing of terror (AML/CFT) system. Currently, there are 24 countries in FATF 'grey list'. These countries are under increased monitoring and they have to address strategic deficiencies to counter money laundering, terrorist financing, and proliferation financing. The FATF statement further said that as terrorism continues to threaten societies and citizens around the world, the global watchdog is supporting over 200 jurisdictions within its global network to build and enhance their counter-financing of terrorism (CFT) measures including through the strategic use of financial intelligence — making this one of the most powerful instruments for dismantling terrorist financing networks. 'In addition to setting out the framework for combating terrorist financing, the FATF has enhanced its focus on the effectiveness of measures countries have put in place. That is how, through our mutual evaluations, we have identified gaps that need to be addressed,' it added. The FATF has been working for 10 years to help countries stay ahead of terrorist financing risk — for example relating to abuse of social media, crowd funding, and virtual assets. FATF President Elisa de Anda Madrazo at the recent 'No Money for Terror Conference' in Munich, had said: 'No single company, authority, or country can combat this challenge alone. We must be unified against the scourge of global terrorism. Because terrorists need to succeed only once to achieve their goal, while we have to succeed every time to prevent it.' PTI JD CS HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.