Akash surface-to-air missile system battery being exported to 'friendly foreign country', widely speculated to be Armenia, though not officially confirmed
India's defence exports touched a record Rs 21,083 crore in FY24
Moscow has raised concerns about artillery shells sold by Indian manufacturers to European customers turning up in Ukraine, but New Delhi does not appear to have taken action to stop such transfers
Armenia became the largest foreign recipient of Indian weapons in 2020, with defence contracts with India amounting to an estimated $2 billion
Economic Survey 2023-24 says India has gone from being world's second-largest arms importer between 2015 and 2019 to securing a place in the list of the top 25 arms exporter nations
Governments of countries purchasing arms must declare that they will not send the defence exports from India to any other country
These figures indicate that the defence exports have grown by 31 times in the last decade
India's rise as a reliable exporter of defence equipment provides an excellent opportunity to embellish its growing stature on the global stage
Total defence exports over the last five years has now crossed Rs 52,000 crore
Policy initiatives like Idex have put the defence industry on the path to self-reliance. It is time now to expand and build upon this success to achieve the broader objective of Make in India
Rajnath Singh stated that efforts were being made to create a strong, and tech-savvy armed forces on the back of a robust defence industry
Secretary Department of Defence R-D and Chairman of the Defence Research and Development Organisation (DRDO) Samir V Kamat assured all possible support to make India a net defence exporter
"Chinese companies may be already sending Russia electronic parts for anti-aircraft missile radars," Geopolitica wrote citing the US-based Centre for Advanced Defense Studies.
This amounts to a ten-fold increase since 2016-17, when exports were Rs 1,521 crore
India would be exporting defence equipment and material worth Rs 35,000 to Rs 40,000 crore by 2026, Union minister Rajnath Singh said on Tuesday. The defence minister was delivering the Field Marshal Sam Manekshaw memorial lecture here on 'The role of youth in nation building', organized by Symbiosis International University. "First, there should be a sense of self-confidence that we will make India 'atmanirbhar' (self-reliant). In 2014, we used to do defence exports of only Rs 900 crore, but since India has adopted Indianization (program), today we are doing the defence export of Rs 15,000 crore to Rs 16,000 crore," he said. He was confident that by 2026, defence sector exports would rise to Rs 35,000 to Rs 40,000 crore, the minister added. "There is a need to create an eco-system, and more than the eco-system, there is a need to generate self-confidence among ourselves, as with self-confidence, anything is possible," he added. He was proud of the defence forces which are now ...
India exported military hardware worth Rs 13,399 crore till March 6 in the current fiscal, a significant increase from just Rs 4,682 crore in 2017-18, according to official data. The details of the year-wise export of military hardware were provided in the Rajya Sabha by Minister of State for Defence Ajay Bhatt while replying to a question. Bhatt said the total defence exports in 2021-22 stood at Rs 12,815 crore while it was Rs 8,435 crore in 2020-21, Rs 9,116 crore in 2019-20 and Rs 10,746 crore in 2018-19. The amount in 2017-18 was Rs 4,682 crore. The minister said the total value of defence exports till March 6 in the current fiscal was Rs 13,399 crore. "The government has given focus on the indigenisation of various defence items to achieve 'Aatmanirbharta' (self-reliance). The indigenised items made from local resources become globally cost competitive and it also facilitates integration of MSMEs in the global supply chain," Bhatt said. "The new technologies developed by DRDO
Indian Prime Minister Narendra Modi on Monday set out ambitions to more than triple annual defence exports to $5 billion over the next two years, as arms firms flocked to a major air show for a slice
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