India's defence exports have reached an impressive milestone, achieving an all-time high of nearly Rs. 16,000 crore in the fiscal year 2022-23. This figure marks a remarkable increase from just Rs. 686 crore in FY 2013-14, indicating an astonishing 23-fold growth over the past decade.
Several nations are now showing keen interest in India's indigenous light combat aircraft, Tejas. Discussions are underway with six countries, including Argentina, the Philippines, and Nigeria, highlighting the aircraft's potential on the international stage.
The Atmanirbhar Bharat initiative has significantly influenced India's defence exports. This program promotes the indigenous design, development, and manufacturing of defence equipment, which has led to a notable reduction in the country's dependency on imports. As a result, domestic production for export purposes has received a substantial boost.
The Government of India has rolled out several key policy initiatives aimed at fostering defence exports. These include simplifying export procedures, implementing industry-friendly policies, and introducing end-to-end online export authorization. Such measures are designed to streamline the process and improve the ease of doing business within the sector.
India's defence exports encompass a wide variety of products. This includes advanced items such as Dornier-228 aircraft, artillery guns, BrahMos missiles, PINAKA rockets and launchers, radars, simulators, and armoured vehicles. The diversity of these products showcases India's growing capabilities in defence manufacturing.
The Light Combat Aircraft (LCA) Tejas stands as a prominent example of India's advancements in indigenous defence technology. Its increasing demand on the global market reflects India's progress and commitment to becoming a significant player in international defence manufacturing.
Historically, India has been recognized more as a defence equipment importer; however, this focus is gradually shifting towards becoming a notable exporter. This change is a testament to India's growing domestic capabilities in defence technology and equipment, which are now being showcased globally.
In conclusion, India’s defence exports are on an upward trajectory, driven by strategic initiatives and a commitment to self-reliance in defence manufacturing. As the country continues to innovate and expand its offerings, it positions itself as a competitive player in the global defence market.
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