Page 2 - Defence Exports

Rajnath Singh calls Aero India 2025 a Maha Kumbh of research & innovation

Aero India 2025: Defence Minister Rajnath Singh said that India continues to be a beacon of peace and prosperity despite geopolitical turbulence

India's defence exports crossed record Rs 21,000 cr over decade: Rajnath

Defence Minister Rajnath Singh said on Monday that India's defence exports have crossed a record Rs 21,000 crore from Rs 2,000 crore a decade ago. Addressing officers at the Army War College (AWC) in more than two-centuries-old Mhow Cantonment, Singh said a target has been set to achieve defence exports of Rs 50,000 crore by 2029. He said mastering frontier technologies is the need of the hour in the constantly evolving times, noting that military training centres are playing a crucial role in equipping and readying soldiers to deal with future challenges. "Our defence exports, which were around Rs 2,000 crore a decade ago, have crossed the record figure of Rs 21,000 crore today. We have set an export target of Rs 50,000 crore by 2029," Singh said. He said Made-in-India equipment is being exported to other countries. Singh mentioned radical changes in warfare in his speech, saying that unconventional methods like information warfare, Artificial Intelligence (AI)-based warfare, pro

It's time to launch new phase of self-reliance in defence production: Murmu

President Droupadi Murmu on Friday said the time is now ripe for launching a new phase of self-reliance in defence production by manufacturing technologically advanced equipment within the country. Speaking after awarding the President's Colours to the College of Defence Management (CDM) here, she said the Union Government has taken several measures to enhance indigenous capabilities of the defence industry. Through initiatives such as Make in India, Ease of Doing Business and development of defence industrial corridors, the government is encouraging Indian and foreign investors to invest in the defence sector, she said. With emphasis on indigenization, many defence products have been identified for domestic manufacturing and will not be imported. "The time is now ripe for launching a new phase of self-reliance by manufacturing technologically advanced equipment within India," she said. The officers of the defence forces are expected to wholeheartedly contribute towards achieving

India dispatches first Akash air defence missile battery for export: BEL

Akash surface-to-air missile system battery being exported to 'friendly foreign country', widely speculated to be Armenia, though not officially confirmed

Indian defence exports: From BrahMos to Akash, who are the major buyers?

India's defence exports touched a record Rs 21,083 crore in FY24

Ukraine reportedly using Indian arms against Russia: How and why explained

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 may ask India to upgrade its Su-30s, buy Astra missiles: Here's why

Armenia became the largest foreign recipient of Indian weapons in 2020, with defence contracts with India amounting to an estimated $2 billion

India now among top 25 global defence exporters: Economic Survey 2023-24

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

Defence ministry tightens control on exports, increases equipment oversight

Governments of countries purchasing arms must declare that they will not send the defence exports from India to any other country

India's FY24 defence exports jump record 32.5%, touch Rs 21,083 crore

These figures indicate that the defence exports have grown by 31 times in the last decade

Defence exports: A strategic imperative

India's rise as a reliable exporter of defence equipment provides an excellent opportunity to embellish its growing stature on the global stage

India's defence exports cross Rs 6,000 crore in FY24, shows DDP data

Total defence exports over the last five years has now crossed Rs 52,000 crore

An ode to start-ups in defence

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

India is taking its place on global economic map due to Modi: Rajnath Singh

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

DRDO assures all possible support to make India a net defence exporter

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

China's arms exports declined by 23% in 10 yrs, signaling stockpiling

"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.

India's defence equipment exports reach Rs 16,000 crore this year

This amounts to a ten-fold increase since 2016-17, when exports were Rs 1,521 crore

Defence exports will rise up to Rs 40,000 cr by 2026: Rajnath Singh

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 in current fiscal

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

India aims to triple defence exports to $5 bn, sell fighter jets, choppers

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