India

The Indian Parliament has enacted the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026. This legislation is set to enhance payment timelines and improve dispute resolution for MSMEs, potentially leading to increased participation from these suppliers in government procurement.

The Defence Research and Development Organisation (DRDO) of India has made significant advancements in missile defense technology, successfully conducting flight tests for multi-layered Ballistic Missile Defence (BMD). This achievement is expected to lead to increased procurement opportunities and shifts in defense acquisition strategies favoring domestic suppliers.

India has officially requested to purchase 114 Rafale fighter jets from France, with an estimated value of **$35-40 billion**. This move will address shortages in the Indian Air Force and emphasize domestic production, presenting significant opportunities for defense contractors.

GMR Aero Technic has secured a significant contract with Boeing Defence India to conduct Phase-56 maintenance on 12 P-8I maritime patrol aircraft for the Indian Navy at its Hyderabad facility. This contract bolsters local MRO capabilities and aligns with India's goal of becoming a defense MRO hub, enhancing national security.