Defence Exports

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

Top Headlines: Manufacturing firms shine, defence exports treble, and more

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Defence, aerospace exports treble to Rs 12,815 cr in 5 years: Govt

Foreign procurement in defence rises to Rs 50,061 cr

Has India finally buried the Bofors ghost with export of big guns?

India is turning the corner in defence equipment manufacturing. PM Modi recently said India's defence exports have shot up eight times since 2014. So have we finally laid the ghost of Bofors to rest?

Bharat Forge's subsidiary to sell 155-mm artillery at $155 mn to Armenia

Export order to be executed over three-year time frame

The Rs 40,000-crore defence challenge

Boosting defence exports requires a major emphasis change. Instead of focusing on low-value consumables such as ammunition, India needs to concentrate on high-value, complex combat platforms

PM Modi sets target of Rs 40,000 cr in defence exports at DefExpo 22

Releases another import embargo list, unveils indigenous trainer aircraft designed by HAL; lays foundation stone of the new Deesa airfield in Gujarat

India signs deal with Armenia for export of missiles, weapon systems

Armenia is also set to get anti-tank rockets as well as a range of ammunition from India under the bundled deal

Defence exports up 334% in last 5 yrs, now exporting to 75 nations: Govt

Defence exports have grown by 334 per cent in the last five years and India is now exporting to over 75 countries due to collaborative efforts, the government said on Sunday. The Press Information Bureau (PIB) said in a tweet: "The Indian Defence sector, the second largest armed force is at the cusp of revolution." "Defence exports grew by 334 per cent in the last five years; India now exporting to over 75 countries due to collaborative efforts," it said. The PIB India Twitter handle also shared some data in a poster attached with the tweet to underline the indigenisation and boost of production in the defence sector. It mentioned the recent commissioning of India's first indigenous aircraft carrier INS Vikrant in Kochi. It also mentioned about the indigenous Advanced Light Helicopter Mk-III's squadron being commissioned into the Indian Coast Guard, and successful testing of new generation nuclear-capable ballistic missile 'Agni P'. Defence Secretary Ajay Kumar, during an interac

Garden Reach Shipbuilders soars 13%, hits new high on strong outlook

A strong order book for construction of 16 warships concurrently for Indian Armed Forces at this juncture holds exciting times ahead for the GRSE, the company said

Statsguru: Six charts explain India's arms import dependence

The problematic issue, though, is India's paltry share in the world's exports

A policy to replicate BrahMos' success

India's defence export policy did help in accelerating and convincing Manila about the merits of purchasing the BrahMos

India moving towards becoming significant defence exporter: PM Modi

Aligarh will work to safeguard the borders of India in the 21st century, Prime Minister Narendra Modi said here on Tuesday

Several nations have shown interest in buying Tejas aircraft: HAL chairman

HAL chairman Madhavan said that Tejas Mark 1A jet has superior performance levels compared to China's JF-17 combat aircraft as it has better engine, radar system and electronic warfare suit

Akash missile sale cleared, govt to approach China-wary nations

Focus will be on high-value defence platforms to achieve target of $5-billion annual 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 ...

Untangling regulations: Defence on Make in India drive; FDI cap hiked

Measures include negative import list, corporatisation of ordnance factories