Defence exports from India crosses ₹21,000 Crore

Defence exports from India crosses ₹21,000 Crore

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Defence exports from India crosses ₹21,000 Crore

India has made defence exports to various countries in Asia, Africa, Europe, and South America. The countries are diversified geographically, and among others include countries such as Italy, Maldives, Sri Lanka, Russia, UAE, Poland, Philippines, Saudi Arabia, Egypt, Israel, Spain, Chile, Guyana, etc. India’s defence exports span across 84 countries and regions worldwide.

The defence exports owes much to the collective efforts of about 50 Indian companies, spanning both the public and private sectors, who have played a pivotal role in achieving this feat. These companies have demonstrated commendable innovation, efficiency, and quality standards, thereby enhancing India’s reputation as a reliable supplier of defence equipment and technology.

Among the major defence items being exported, Personal Protective Items, Offshore Patrol Vehicles, ALH Helicopters, SU Avionics, Coastal Surveillance Systems, Light Engineering Mechanical Parts, Kavach MoD, among others, have emerged as key contributors to India’s defence export portfolio.

These cutting-edge defence technologies and equipment have garnered significant interest from international buyers, further enhancing India’s position as a leading exporter of defence hardware.

Shri Rajnath Singh, Raksha Mantri said that the country’s defence exports have soared to unprecedented levels, crossing the milestone of ₹21,000 crore for the first time in the history of Independent India.

Shri Rajnath Singh posted on X (formerly Twitter),” Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed ₹21,000 crore mark for the first time in the history of Independent India! India’s defence exports have reached to the level of ₹21,083 Crore in the financial year 2023-24 which is a spectacular growth of 32.5 per cent over the previous fiscal.”

This phenomenal growth reflects the concerted efforts and strategic initiatives undertaken by the Defence Ministry, under the NDA Govt to bolster India’s defence manufacturing capabilities and promote indigenous defence production.

The Defence Ministry has implemented a series of initiatives aimed at catalysing India’s defence manufacturing sector.

These initiatives have not only facilitated technological advancements but have also created a conducive environment for both public and private sectors to actively participate and contribute to the nation’s defence exports.

This global outreach underscores the growing demand for Indian defence products and the increasing recognition of India’s capabilities in meeting the evolving security needs of nations worldwide.