Under the leadership of the Indian government, the vision for defence exports is ambitious. India aims to enhance its defence exports significantly, with a clear goal to achieve USD 5 billion in annual defence exports by the year 2024-25. This strategic direction reflects a commitment to self-reliance in the defence sector.
The Indian Ministry of Defence has implemented several measures to promote defence exports. Key initiatives include:
These initiatives create an environment conducive to defence research, innovation, and production.
Indigenous platforms play a crucial role in achieving India's defence export goals. Notable examples include the Light Combat Aircraft Tejas and the BrahMos supersonic cruise missile. Collaborations with various stakeholders and ramping up production capacity ensure timely deliveries, which are essential for maintaining competitiveness in the global market.
The Indian government actively promotes innovation in the defence sector by allocating a substantial portion of the research budget to the private sector. This collaboration between public and private entities aims to foster cutting-edge technology development and enhance defence capabilities.
India's defence exports have experienced an impressive growth trend over the past five years. The increase showcases a remarkable transformation in India's defence landscape, moving towards a more self-reliant model.
The country exports a diverse array of defence equipment, including:
Additionally, India has successfully exported lightweight torpedoes, radars, patrol vessels, and simulators, highlighting the versatility of its defence export portfolio.
Over the years, India has transitioned from being a primarily defence equipment importer to a significant exporter. This shift demonstrates the country's capability and ambition to enhance its presence in the global defence manufacturing landscape.
India's defence exports reach over 75 countries, including Italy, Maldives, Sri Lanka, Russia, France, Nepal, Mauritius, Israel, Egypt, the UAE, and more. The growing influence of India in the global arms trade is acknowledged by institutions like SIPRI.
Key reforms have been introduced by the Indian government to boost defence exports and self-reliance. Notably, the reduction in expenditure on defence procurement from foreign sources signals a strategic shift towards enhancing indigenous manufacturing capabilities.
India's remarkable progress in the global defence manufacturing industry is celebrated as a testament to its design and development prowess. The achievements highlight India's journey towards self-reliance and global influence in the defence sector. As of December 2022, India's defence exports have surged, reaching Rs 6,480 crore (approximately $810 million), reflecting its growing stature in the global arms trade.
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