Defence, aerospace exports treble to Rs 12,815 cr in 5 years: Govt

Foreign procurement in defence rises to Rs 50,061 cr

Painting a mixed picture of defence exports and imports, the defence ministry told Parliament on Monday that foreign procurement in defence has risen to Rs 50,061 crore in 2021-22 from Rs 37,030 crore in 2017-18.

Meanwhile, defence and aerospace exports have risen to Rs 12,815 crore from Rs 4,682 crore during the same period.

Improvements in innovation
 

The ministry told Parliament on Monday that there has been good progress in the innovation ecosystem for defence, titled “Innovations for Defence Excellence” or (iDEX). 

The iDEX scheme was launched in April 2018 to foster innovation and technology development in defence and aerospace