News Analysis India

Tag: Defence exports

  • India exported military hardware worth Rs 15,920 crore in 2022-23: Rajnath Singh

    By PTI

    NEW DELHI: India’s defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-2023, Defence Minister Rajnath Singh said on Saturday describing the rise as a remarkable achievement.

    The country’s defence exports in 2021-22 was Rs 12,814 crore, according to official data.

    “India’s defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country,” Singh said on Twitter.

    “Under the inspiring leadership of PM Shri @narendramodi, our defence exports will continue to grow exponentially,” he said.

    India exported military hardware worth Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19, according to details provided by Singh. The amount in 2017-18 was Rs 4,682 crore and Rs 1,521 crore in 2016-17.

    Excellent! A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the reforms in this sector over the last few years are delivering good results. Our Government will keep supporting efforts to make India a defence production hub. https://t.co/AL3sLknFOL
    — Narendra Modi (@narendramodi) April 1, 2023
    The government has set the target of manufacturing defence hardware worth Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by 2024-25.

    In the last few years, the government has taken a series of measures to promote domestic defence production.

    NEW DELHI: India’s defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-2023, Defence Minister Rajnath Singh said on Saturday describing the rise as a remarkable achievement.

    The country’s defence exports in 2021-22 was Rs 12,814 crore, according to official data.

    “India’s defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country,” Singh said on Twitter.googletag.cmd.push(function() {googletag.display(‘div-gpt-ad-8052921-2’); });

    “Under the inspiring leadership of PM Shri @narendramodi, our defence exports will continue to grow exponentially,” he said.

    India exported military hardware worth Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19, according to details provided by Singh. The amount in 2017-18 was Rs 4,682 crore and Rs 1,521 crore in 2016-17.

    Excellent! A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the reforms in this sector over the last few years are delivering good results. Our Government will keep supporting efforts to make India a defence production hub. https://t.co/AL3sLknFOL
    — Narendra Modi (@narendramodi) April 1, 2023
    The government has set the target of manufacturing defence hardware worth Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by 2024-25.

    In the last few years, the government has taken a series of measures to promote domestic defence production.

  • India now among top 25 nations exporting defence ware: Rajnath Singh

    By Express News Service

    BENGALURU: Defence Minister Rajnath Singh on Thursday emphasised on the initiatives taken by the Union Government to increase defence exports from India, stressing that the country had emerged in the Top 25 global defence exporting countries for the first time.

    A tweet put out by the “Office of the Raksha Mantri/ Defence Minister of India” quoted Singh saying, “According to the 2020 report of Stockholm International Peace Research Institute, India has featured in the list of top 25 defence exporting countries of the world for the first time. The Defence Ministry is making constant efforts so that India can become a global leader in defence exports.”

    He said the private sector industry, which is only a decade-old, held 80-90 per cent share in the country’s defence exports. “A new strategy has been developed for export of weapons/equipment de-inducted by the services. Such items will be exported to friendly foreign countries after refurbishment by the industry. Its implementation guidelines are being finalised,” he said in the tweet.

    Singh on Thursday visited Defence public sector undertakings (PSUs) in Bengaluru and chaired a closed-door meeting of the Consultative Committee of the Defence Ministry. Sources said Singh reviewed the functioning of defence PSUs, discussed the role of the private sector in defence manufacturing and export of defence products from India.

    The Centre has set a defence exports target of Rs 35,000 crore by 2020-25 and the government is encouraging the private sector to play a larger role in strengthening the defence manufacturing sector, sources said. The Defence Minister, who arrived in Bengaluru on Thursday on a two-day visit to the state, will be attending the inaugural ceremony of the three-day conclave organized by the Indian Air Force in commemoration of the golden jubilee of the 1971 India-Pakistan war.

    Prime Minister Narendra Modi is scheduled to deliver the keynote address in the virtual mode (webcast) at the conclave which is being held at Air Force Station Yelahanka, Bengaluru. The conclave will be attended by senior officers from the Ministry of Defence, including Chief of Defence Staff, General Bipin Rawat, who will speak on “higher directions of war: deriving aim and objectives.”