Home000 croreIndia’s defence exports at record ₹13,000 crore, 70% from private sector

India’s defence exports at record ₹13,000 crore, 70% from private sector


India’s defence exports at record Rs 13,000 crore, 70% from private sector
Picture Credit: Hindustan Times


New Delhi: India’s export of arms and defence technologies touched a record ₹13,000 crore in the financial year 2021-22, with 70% contribution coming from the private sector and the remaining 30% from the public sector. 

The defence exports, which witnessed a substantial increase over the preceding fiscal, were mainly to the US, the Philippines and other countries in South-East Asia, West Asia and Africa. 


“In 2021-22, we have recorded ₹13,000 crore of exports, which is the highest ever number that we have ever recorded in defence,” Additional Secretary (Defence Production) Sanjay Jaju said on Friday.

A major export deal inked in January this year was the $375 million (₹2,770 crore) contract to export BrahMos supersonic cruise missiles to the Philippines, which will pave the way for more such deals with the country as well as other Asean countries like Indonesia and Vietnam, as was reported earlier by TOI.

The arms exports in 2021-22 were almost eight times of what they were about five years back. India’s defence exports amounted to ₹8,434 crore in 2020-21, ₹9,115 crore in 2019-20 and ₹2,059 crore in 2015-16. 


Defence minister Rajnath Singh will reward a private sector organisation and another from the public sector that performed the best in defence exports at the first-ever “Artificial Intelligence in Defence” symposium and exhibition on Monday.

Defence secretary Ajay Kumar said 75 newly-developed AI products and technologies with applications in defence will be launched during the event. The products are in the domains of automation/unmanned/robotics systems, cyber security, human behaviour analysis, intelligent monitoring system, logistics and supply chain management, speech/voice analysis and C4ISR (command, control, communication, computer and intelligence, surveillance & reconnaissance) systems. Apart from the 75 products being launched, another 100 are in various stages of development, he said.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

HAL commences upgrade of Indian Air Force Sukhoi Su-30MKI fleet with indigenous technologies; Upgrades to be carried in two phases

Source : IgMp BureauHindustan Aeronautics Limited (HAL) has embarked on a significant upgrade of the Indian Air Force's (IAF) Sukhoi Su-30MKI fighter jets. The...

Skydio: Skydio plans to bring commercial drones to India following defence tie-up

Skydio, a leading American drone manufacturer, has announced plans to introduce its commercial drone products in India, in addition to its current focus on...

AMCA 5th Generation Stealth Fighter Updates

Most Popular

Recent Comments

Archive Months

Miscellanous

DRDO software to test psychological fitness of CRPF personnel on VIP duty

To improve efficiency of its over 1,000 personnel pressed into VIP security duty, the Central Reserve Police Force (CRPF) has started using a computerised...

“Unhappy” With US Patriots, Ukraine Looks To Thwart Russian Missile Attacks With ‘Very Powerful’ THAAD?

A British intelligence update on December 10 observed that the Russian Air Force carried out a massive wave of strikes towards Kyiv and central...

Chinese Warships Threaten Japanese Aircraft To Get Out Of Senkaku Airspace; Tokyo Names China As Enemy For The 1st Time

Source : The EurAsian TimesThe Senkaku Islands in the East China Sea, which China claims but Japan controls, have been at the end of...
Visits
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

error: Content is protected !!