In a significant development for India’s defence export sector, Nibe Limited, a Pune-based defence engineering firm, has secured a substantial international order valued at ₹150.6 crore from a prominent Israel-based original equipment manufacturer (OEM). The announcement, made on May 26, 2025, led to a 5% surge in Nibe’s shares, hitting the upper circuit at ₹1,601.85 on the Bombay Stock Exchange (BSE) .@EconomicTimes
This order underscores the growing defence collaboration between India and Israel, marking a notable milestone in India’s efforts to bolster its defence exports. While specific details about the rocket launchers have not been disclosed, the deal reflects the increasing trust in Indian defence manufacturing capabilities.
Historically, India has been a significant importer of Israeli defence equipment, with Israel being one of India’s top arms suppliers . However, recent years have seen a shift, with India enhancing its indigenous defence production and exporting to various countries, including Israel.
The Indian government’s ‘Aatmanirbhar Bharat’ initiative has been pivotal in promoting self-reliance in defence manufacturing. In line with this vision, the Ministry of Defence signed contracts worth ₹10,147 crore in February 2025 for the procurement of advanced rockets for the indigenous Pinaka Multiple Launch Rocket System (MLRS) . These contracts aim to enhance the Indian Army’s firepower and precision strike capabilities.The Defense Post+5DD News+5India Today+5
India’s defence exports have witnessed remarkable growth, reaching ₹21,083 crore in the fiscal year 2023-24, marking a 32.5% increase over the previous year . This surge reflects the country’s expanding footprint in the global defence market and its commitment to becoming a key player in defence manufacturing and exports.
The collaboration between Indian and Israeli defence firms has been instrumental in this growth. Joint ventures, such as the partnership between Adani Defence & Aerospace and Israel’s Elbit Systems, have led to the establishment of manufacturing facilities in India, producing advanced systems like the Hermes 900 Medium Altitude Long Endurance UAV .
While India has taken a policy stand not to supply certain arms and shells to Israel amid geopolitical tensions, the country continues to engage in defence exports that align with its strategic interests and international obligations .The Hindu
The recent order secured by Nibe Limited not only signifies the strengthening defence ties between India and Israel but also highlights India’s growing capabilities and reputation in the global defence industry. As India continues to invest in indigenous defence technologies and forge international partnerships, its role as a major defence exporter is set to expand further.@EconomicTimes
Disclaimer:
This article is intended for educational and informational purposes only. We are not SEBI-registered advisors and do not provide any investment or financial advice.
