What is the current status of India’s defence exports?
India’s defence exports have achieved a significant milestone, recording an all-time high of nearly Rs. 16,000 crore in FY 2022-23. This marks a substantial increase from Rs. 686 crore in FY 2013-14, demonstrating a 23-fold growth.
Which countries are showing interest in India’s indigenous light combat aircraft Tejas?
Talks are in progress with six countries including Argentina, the Philippines, and Nigeria, among others, showing interest in the Tejas aircraft.
How has the Atmanirbhar Bharat initiative impacted India’s defence exports?
The Atmanirbhar Bharat initiative has promoted indigenous design, development, and manufacturing of defence equipment, reducing India’s dependency on imports and boosting domestic production for export.
What are the key policy initiatives taken by the Government of India to boost defence exports?
The government has simplified export procedures, implemented industry-friendly policies, and introduced end-to-end online export authorization to streamline the process and enhance the ease of doing business.
What types of defence equipment does India export?
India exports a diverse range of defence products, including Dornier-228 aircraft, artillery guns, Brahmos Missiles, PINAKA rockets and launchers, radars, simulators, armoured vehicles, etc.
What is the significance of the LCA Tejas in India’s defence exports?
The LCA Tejas is a prominent example of India’s capabilities in indigenous defence technology. Its growing global demand reflects India’s progress in the international defence manufacturing sector.
How has India’s focus shifted in the defence sector over the years?
India, traditionally known as a defence equipment importer, is now increasingly focusing on becoming an exporter, showcasing its domestic capabilities in defence technology and equipment on the global stage.
