Page 4 - Defence Exports
Govt okays export of Akash missile system, aims to hit $5 bn defence export
The Cabinet on Wednesday approved the export of Akash Missile System aiming to achieve the target of USD 5 billion of defence export and improve strategic relations with friendly foreign countries, said Defence Minister Rajnath Singh.The Union Cabinet was chaired by Prime Minister Narendra Modi. Akash is country's important missile with over 96 per cent indigenisation. Akash is a Surface-to-Air Missile with a range of 25 Kms. The missile was inducted in 2014 in Indian Air Force (IAF) and in 2015 in Indian Army.Singh said a committee for faster approvals for the export of such platforms has been created."Under the #AtmaNirbharBharat, India is growing in its capabilities of manufacturing wide variety of Defence platforms & missiles. The Cabinet chaired by PM @narendramodi ji today approved the export of Akash Missile System and a Committee for faster approvals has been created," Singh said in a tweet.The decision by the Cabinet would help the country to improve its defence ...
 "Govt okays export of Akash missile system, aims to hit $5 bn defence export")
Untangling regulations: Defence on Make in India drive; FDI cap hiked
Measures include negative import list, corporatisation of ordnance factories
 "Untangling regulations: Defence on Make in India drive; FDI cap hiked")
HAL plans logistics bases in Malaysia, Vietnam, Indonesia and Sri Lanka
HAL Chairman said the company is seriously focusing on boosting exports in sync with the government's priority to sell key platforms like Tejas, attack helicopter Rudra
 "HAL plans logistics bases in Malaysia, Vietnam, Indonesia and Sri Lanka")
India's annual defence exports to touch Rs 35,000 cr by 2024: Rajnath Singh
Singh also said he has no doubt about India emerging as among the three major economies of the world by 2030 and the defence industries will have an important role to play
Cracking defence exports
Forces should first induct indigenous weaponry
 "Cracking defence exports")
DefExpo: $5 bn defence export target to be achieved by 2024, says Rajnath
Addressing an event at DefExpo-2020, he said the Centre's policy for the sector has begun delivering results
 "DefExpo: $5 bn defence export target to be achieved by 2024, says Rajnath")
India pitches its defence, aerospace products to foreign countries
New Delhi considers exports essential for meeting the DPrP-2018 target of making India one of the world's top five defence producers by 2025
 "India pitches its defence, aerospace products to foreign countries")
Single agency being set up to process defence exports
The association will effectively be a nodal agency for receiving and processing export inquiries from all prospective customers across the globe.
 "Single agency being set up to process defence exports")
India exporting defence equipment to friendly countries: Defence Ministry
India had produced defence-related equipment worth Rs 80,000 crore in 2018-19, of which Rs 11,000-crore worth armaments were exported
 "India exporting defence equipment to friendly countries: Defence Ministry")
India's arm export may cross Rs 10,000 cr by end of FY19: Defence official
He said the growth in defence export was possible due to the government's reforms, which made it easier for private companies to enter the defence sector
 "India's arm export may cross Rs 10,000 cr by end of FY19: Defence official")
Parrikar sets $2 bn target for defence exports in two years
Defence minister says push in exports is showing results, having almostdoubled to reached $350 mn
 "Parrikar sets $2 bn target for defence exports in two years")