Articles for Defence Exports

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report
4 months ago

India Witnesses Surge In Defence Exports With Supply To Over 90 Countries: Report

News 18  

India is now selling weapons made in the country to other nations, reaching record levels in defence exports. In 2023-2024, defence exports reached a record Rs 21,083 crore, an increase of 32.5 percent from Rs 15,920 crore in the previous year. The Narendra Modi government set an ambitious target in 2020 to achieve Rs 35,000 crore in defence exports within …

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India on course to clock defence exports worth ₹50k crore by 2028-29: Officials
4 months, 1 week ago

India on course to clock defence exports worth ₹50k crore by 2028-29: Officials

Hindustan Times  

New Delhi: India is on course to achieve its defence export target of Rs.50,000 crore in the next five years, defence ministry officials said on Sunday, citing export data shared by the government for the first quarter of financial year 2024-25. Akash missile is developed by the DRDO and produced by Bharat Dynamics Limited The data shared a day earlier …

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US becomes India's top defence export partner, takes over 50% market share
5 months, 4 weeks ago

US becomes India's top defence export partner, takes over 50% market share

Deccan Chronicle  

Kolkata: American Chamber of Commerce in India, an apex chamber of the US industry in India, has reported a remarkable progress in the India-US defence alliance. The US-India defence partnership encompasses acquisitions, co-production and co-development for global markets, joint ventures, training and innovation, enhancing India’s defence exports. AMCHAM India Director General and CEO Ranjana Khanna said, “US-India relationship has developed …

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India’s defence exports crossed all-time high of ₹21,000 crore: Rajnath
8 months, 3 weeks ago

India’s defence exports crossed all-time high of ₹21,000 crore: Rajnath

The Hindu  

India’s defence exports crossed ₹21,000 crore, approximately $2.63 billion, for the first time, Defence Minister Rajnath Singh announced on April 1. “Delighted to inform everyone that the Indian defence exports have scaled to unprecedented heights and crossed ₹21000 crore mark for the first time in the history of Independent India!,” Mr. Singh said on X. “India’s defence exports have reached …

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India's defence exports at all-time high: Which are the countries buying from New Delhi?
8 months, 3 weeks ago

India's defence exports at all-time high: Which are the countries buying from New Delhi?

Firstpost  

Defence Minister Rajnath Singh announced that India’s arms exports have crossed the Rs 21,000-crore mark for the first time. According to the defence minister, the arms exports touched Rs 21,083 crore in the financial year 2023-24, a “spectacular growth” of 32.5 per cent over the previous fiscal. India’s growing defence exports India supplies arms to over 85 countries, including Italy, …

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India’s defence exports cross ₹21,000 crore mark
8 months, 3 weeks ago

India’s defence exports cross ₹21,000 crore mark

Hindustan Times  

New Delhi: India’s defence exports grew 32.5% this fiscal and crossed the ₹21,000-crore mark for the first time as the country remains focussed on boosting the indigenous defence manufacturing ecosystem as well as military exports, the defence ministry said on Monday. “Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed ₹21,000 crore mark …

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Australia challenged on ‘moral failure’ of weapons trade with Israel
8 months, 3 weeks ago

Australia challenged on ‘moral failure’ of weapons trade with Israel

Al Jazeera  

Regular protests have been taking place outside Australian firms making crucial components for the F-35 fighter jet. Last month, Deputy Prime Minister Richard Marles insisted that there were “no exports of weapons from Australia to Israel and there haven’t been for many, many years”. “It’s an appalling moral failure, and it is almost certainly a gross breach of international law.” …

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IAF tapping into self-reliance for repair, overhaul of Russian-origin aircraft
1 year ago

IAF tapping into self-reliance for repair, overhaul of Russian-origin aircraft

Hindustan Times  

NEW DELHI: The ongoing Russia-Ukraine war has hit the repair and overhaul of critical equipment in the Indian Air Force’s Russian-origin aircraft, including aero-engines and avionics, and self-reliance plans are being pursued to address the situation, the defence ministry said in a comprehensive end-of-year review published on Friday, highlighting the key developments in the sector during 2023. Calling 2023 a …

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What the Israel-Hamas war portends for India’s defence sector
1 year, 2 months ago

What the Israel-Hamas war portends for India’s defence sector

Live Mint  

The conflict between Israel and Hamas has wreaked havoc on human life and ignited geopolitical worries. Nuvama’s analysts note that the private sector’s share in defence exports stands tall at 60-70%. The conflict could potentially create supply chain disruptions, which would weigh on Indian defence projects and hence impact execution. Besides private companies, public sector undertakings such as Bharat Electronics …

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India's Defence Journey: From Importer to Export Powerhouse
1 year, 4 months ago

India's Defence Journey: From Importer to Export Powerhouse

News 18  

India’s defence manufacturing sector has witnessed a remarkable transformation in recent years, with a strategic shift from being a major importer to a budding exporter. India will soon be the world’s largest defence manufacturing base.” Pro-active policy Under the Modi government, there have been active measures taken to drive indigenisation and promote exports, while reducing defence imports. Major export destinations …

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India on fast track to attain 'atmanirbharata' in defence sector
1 year, 6 months ago

India on fast track to attain 'atmanirbharata' in defence sector

Firstpost  

The ‘Atmanirbhar Bharat’ initiative of the Indian government seems to have achieved a significant milestone with India’s defence exports reaching an all-time high during the financial year 2022-23. According to Sweden-based think tank Stockholm International Peace Research Institute, defence imports by India fell by 11% during the five-year period between FY 2013–17 and FY 2018–22. With an 11% share of …

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All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector
1 year, 8 months ago

All-Time High Defence Exports 16000 crore India position World Arms Bazaar PM Narendra Modi Rajnath singh MoD Indian defence sector

ABP News  

India achieved a record Rs 16,000 crore worth of defence equipment exports last financial year. India continues to be an attractive selling destination, and as revealed by Defence Minister Rajnath Singh, the Indian defence sector has emerged as a major demand creator. Indian defence research entities have devoted lot of their energy and time, and has been able to equip …

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Defence exports log tenfold jump since 2016, nearly ₹16k-cr
1 year, 8 months ago

Defence exports log tenfold jump since 2016, nearly ₹16k-cr

Hindustan Times  

Making its presence felt in the highly competitive global defence market, India exported military hardware worth ₹15,920 crore in financial year 2022-23, the highest ever and a notable tenfold increase since 2016-17, with Prime Minister Narendra Modi on Saturday attributing the surge to enthusiasm for Make in India, and key reforms to spur growth in the sector. In a massive …

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India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23
1 year, 8 months ago

India's defence exports reach all-time high of nearly Rs 16,000 crore in 2022-23

India Today  

India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-23, over a 10-times increase since 2016-17. The rising defence exports and participation of 104 countries in Aero India 2023 are proof of India’s growing defence manufacturing capabilities. A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the …

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India is gunning for more defence exports, but crucial DRDO projects are delayed
1 year, 10 months ago

India is gunning for more defence exports, but crucial DRDO projects are delayed

India Today  

India aims to increase its defence exports from the current $1.5 billion to $5 billion a year by 2024-25, Prime Minister Narendra Modi said while inaugurating the latest Aero India show. Even as PM Modi outlined India's ambitious plans, the government, on the same day, said in Parliament that half of the Defence Research and Development Organisation's crucial 'mission mode' …

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Aero India 2023 | In global sky, India has emerged as shining star, illuminating others with its glow: Rajnath Singh
1 year, 10 months ago

Aero India 2023 | In global sky, India has emerged as shining star, illuminating others with its glow: Rajnath Singh

The Hindu  

In the global sky, India has emerged as a star which is not only shining but also illuminating others with its glow, Defence Minister Rajnath Singh on February 13. Hailing the leadership of Prime Minister Narendra Modi, he said that India has emerged as a strong power in the last few years on the political and economic map of the …

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India eyes Bangladesh askey market for military hardware
1 year, 11 months ago

India eyes Bangladesh askey market for military hardware

Hindustan Times  

India is eyeing Bangladesh as a market for a range of military hardware, from specialist vehicles to helicopters, and maintenance of Russian origin equipment following the operationalisation of a $500 million line of credit for defence purchases, people familiar with the matter said. While India offered the $500 million line of credit for defence purchases to Bangladesh in 2019, it …

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India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher
2 years ago

India Defence Exports Cross Rs 7,000 Crore Till Nov, Pending Major Deals to Take Figures Higher

News 18  

India has achieved defence exports over Rs 7,000 crore till November 1 so far, and is looking at reaching a target upwards of Rs 15,000 crore by the end of this fiscal, showed official data accessed by News18. According to the data, India exported defence items worth Rs 7,034.84 crore till November 1 this year. Significant export orders India has …

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Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets
2 years, 7 months ago

Defence Diary: Eyeing Rs 35,000 Crore in Export, India's Import Ban List a Good Start to Tap into Foreign Markets

News 18  

The chatter lately around India’s arms exports, which has grown louder after India clinched an impressive $375 million BrahMos Supersonic Cruise Missile deal with Philippines, drove me to the thick official data available on the subject. India exports Personal Protective Equipment, Offshore Patrol Vessels, ALH Helicopter, SU Avionics, Bharati Radio, Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Spares …

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Explained | The BrahMos deal and India’s defence exports
2 years, 10 months ago

Explained | The BrahMos deal and India’s defence exports

The Hindu  

The story so far: On January 28, Philippines signed a $374.96 million deal with BrahMos Aerospace Pvt. This is the first export order for the missile which is a joint product between India and Russia and also the biggest defence export contract of the country. Philippines is also looking at several other military procurements from India and South East Asia …

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EXPLAINED: As Philippines Eyes BrahMos Deal, A Look At The Missile And India's Defence Exports Game
2 years, 11 months ago

EXPLAINED: As Philippines Eyes BrahMos Deal, A Look At The Missile And India's Defence Exports Game

News 18  

The Philippines is on course to tie up a deal with India for the BrahMos cruise missile system, marking a significant step forward for New Delhi’s ambitions as a defence exporter. BrahMos is a “short-range, supersonic anti-ship/land attack cruise missile” developed as part of a joint venture set up in 1998 between India’s Defence Research and Development Organisation and the …

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The growth of India’s defence exports
3 years ago

The growth of India’s defence exports

The Hindu  

The story so far: India’s defence exports have increased from ₹1,521 crore in 2016-17 to ₹8,434.84 crore in 2020-21. While giving out the value of defence exports, Minister of State for Defence Ajay Bhatt said in a written reply to the Rajya Sabha earlier this week, “Further, the names of the major defence items exported cannot be divulged due to …

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India's Defence Exports Since 2014-15 Estimated at Rs 35,777 Crore
3 years, 6 months ago

India's Defence Exports Since 2014-15 Estimated at Rs 35,777 Crore

News 18  

India exported military hardware and systems worth Rs 35,777 crore in the last seven years, according to a document released by Defence Minister Rajnath Singh on Monday. The value of defence exports was Rs 9,116 crore in 2019-20 and Rs 5,711 crore in 2020-21, according to the details mentioned in the document. The compilation provided a brief overview of the …

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