Are India’s defence exports making a mark globally? The answer is yes.
According to recent data, India’s defence exports have reached an all-time high, crossing the Rs 13,000 crore mark.
What India Sells
India has emerged as a significant player in the global defence market, thanks to its indigenous defence production capabilities.
The country has been exporting a range of defence equipment including artillery guns, howitzers, and naval vessels.
Some of the major defence exports include the BMP-2 infantry combat vehicles, the Arjun main battle tank, and the Akash surface-to-air missile system.
The exports have not only generated significant revenue but also helped in strengthening India’s position as a major defence supplier.
Who Buys
India’s defence exports have found takers in several countries including the Philippines, Morocco, and Sri Lanka.
The Philippines has been a major buyer of Indian defence equipment, including the Akash missile system and the INSAS rifle.
Other countries that have purchased Indian defence equipment include Vietnam and Myanmar.
The defence exports have also helped in strengthening India’s bilateral relationships with these countries.
The government has been actively promoting the ‘Make in India’ initiative, which has led to a significant increase in defence production in the country.
This has not only created employment opportunities but also helped in reducing India’s dependence on foreign defence equipment.
In the coming years, India is expected to emerge as a major defence supplier, with a focus on exporting defence equipment to countries in the Asia-Pacific region.
This will not only generate significant revenue but also help in strengthening India’s position as a major player in the global defence market.