India eyes European defence contracts through joint ventures as EU ramps up military spending
Defence Secretary Rajesh Kumar Singh says India wants to participate in Europe's rearmament programme through joint ventures, with European companies also encouraged to manufacture in India
SURABHI PANDEY OCTOBER 23, 2026 / 16:45 IST
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The Defence Secretary said countries had realised that military preparedness could no longer depend on fragile or overly concentrated supply chains. (Photo for representational purpose only)
India is looking to establish joint ventures with European defence manufacturers to participate in the continent's expanding military procurement programmes, Defence Secretary Rajesh Kumar Singh said on October 23, as New Delhi seeks to capitalise on rising defence spending and deepen its integration into global arms supply chains.
Speaking at a KPMG Agrasar Bharat Manch, Singh said the government intended to encourage Indian defence manufacturers to establish a presence in Europe through joint ventures, while European companies could enter India's defence market through similar partnerships.
"The intent is to increasingly take part in Europe's arms procurement programmes," Singh said, explaining that Indian companies could establish joint ventures in Europe to access government contracts, while European manufacturers could partner with Indian companies to meet domestic procurement requirements.
EU partnership opens new opportunities
Singh said the India-EU Security and Defence Partnership, signed in January alongside the conclusion of negotiations for a free trade agreement, provided a starting point for deeper defence industrial cooperation.
India already has strong bilateral defence partnerships with several European countries, particularly France, which Singh described as one of India's largest defence suppliers after Russia.
India's dependence on Russian defence equipment has gradually declined as the country diversified its procurement sources, he added.
The objective, he said, was to make defence supply chains between India and Europe increasingly integrated, with companies jointly developing, producing and owning defence technologies.
Europe's rearmament drive boosts Indian exports
Singh said India's defence exports had reached an all-time high, with demand from Europe contributing significantly to the increase.
He said India had traditionally been an exporter of conventional ammunition, including artillery shells, but was now expanding its export basket to include bulletproof jackets, helmets, small arms, defence components and advanced weapons systems.
However, Singh cautioned that the defence industry was traditionally characterised by sporadic orders and that the current surge in global demand might eventually normalise.
'Law of the jungle' driving defence spending
Singh said rising geopolitical uncertainty had fundamentally altered the way countries approached defence preparedness, with governments increasingly prioritising self-reliance and supply chains located in friendly countries.
"We now have a fairly clear law of the jungle prevailing," he said, adding that nations were rearming and increasing defence expenditure.
The Defence Secretary said countries had realised that military preparedness could no longer depend on fragile or overly concentrated supply chains.
India, he said, was pursuing a strategy of "trusted interdependence", combining domestic manufacturing capabilities with partnerships involving friendly foreign countries.
https://www.moneycontrol.com/defenc...ps-up-military-spending-article-14058703.html