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Indian missiles sought after by many foreign countries: Sitharaman

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Asserting that several foreign countries want to get Indian missiles in their inventory, Sitharaman on Friday said there was an export potential of sale of

The statement assumes significance as traditionally has been a major arms importer and still depends on foreign vendors for around 50 per cent of its requirements.

"You did talk about integrated missiles programme, which has yielded a lot of results. Today, missiles are so sought after by many countries... I want to highlight that there exists a market outside other than the Indian armed forces," the said while addressing an event organised by the

The said that a lot of countries are keen to have some kind of engagement with and "want to purchase from you. has immense potential to be an exporter of different equipment. I can also say, even a shipbuilding warship building capability is very well recognised outside. There are several countries which are saying, help us to give that capacity to us."

The Defence Minister cited the example of PSU -- HAL to suggest that a long term plan was required to establish India as an exporter of

"I keep telling them (on increasing exports) yes, you have grievances about the not paying you on time. But there are also disputes about you not supplying on time," she said, while explaining that despite increasing the production capacity of the HAL, it would take a lot of time to produce the existing orders of the Indian forces.

The Defence Minister also brought out that she has taken up a proposal with the which may help her Ministry and the armed forces to retain the money allocated to them in the budget.

Sitharaman also said that she has now asked the Defence Attaches posted outside the country to brief the once a year about the developments in their countries of posting and regularly update it about their work.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 13 2019. 01:01 IST