Mazagon Dock Shipbuilders
Global Arms Industry Reaches Record $679 Billion in Sales Amid Rising Conflicts and Geopolitical Tensions
Dec 01, 2025 09:09 pm CST
The Stockholm International Peace Research Institute reports that global arms sales hit a record $679 billion in 2024, growing by 5.9% due to conflicts in Ukraine and Gaza. All five top arms companies increased revenues, with Indian defense firms growing by 8.2% to $7.5 billion. The industry is expanding production capacity to meet heightened demand driven by geopolitical tensions worldwide.
Tuticorin Outer Harbour Development: India's Strategic Move to Rival Singapore as Global Transhipment Hub
Sep 27, 2025 08:57 pm CST
India is developing the Tuticorin Outer Harbour in Tamil Nadu into a world-class transhipment hub to reduce dependence on foreign ports. This strategic maritime initiative, along with a ₹30,000 crore shipbuilding project, will create 55,000 jobs and strengthen India's position in global shipping, according to Union Shipping Minister Sarbananda Sonowal.