India Exported Rs 35,777 Crores Worth Defence Equipment Since 2015
An E-booklet has been issued by the MoD highlighting the major reforms undertaken by the Ministry in 2020. It also mentions about the defence exports which has expanded to cover more than 84 countries.
According to the document, the value of India’s exports in 2014-15 was Rs 1,941 crore which increased to Rs 2,059 crore in 2015-16. Then the value of exports in 2016-17 became Rs 1,522 crore and further went up to Rs 4,682 crore in 2017-18 and Rs 10,746 crore in 2018-19.
India has thus exported military hardware and systems worth Rs 35,777 crore in the last seven years, as per the booklet 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 booklet is a reflection of the resolve of the government, under the able leadership of Prime Minister Narendra Modi, to make the defence sector stronger and more efficient,” Singh said.
He exuded confidence that the reforms undertaken by the MoD will make India a global powerhouse in the defence sector in the times to come.
The compilation provided a brief overview of the defence reforms undertaken in 2020 to bring about greater cohesion and modernisation of the armed forces through policy changes, innovation and digital transformation, the statement said.
“To meet requirements of the changing technology, there is a constant effort to equip our armed forces with the latest weapons to meet challenges emanating from the land, air and sea; and by bringing about jointness and modernisation through reforms,” Singh was quoted as saying in the document.
The document also listed acquisitions of the Rafale fighter aircraft, the appointment of the country’s first Chief of Defence Staff, reforms in defence research and development and increasing defence reforms as some of the key initiatives of the government in the defence sector in 2020.
“Policy reforms for increased transparency included the launch of new Defence Acquisition Procedure in September 2020 and revision of DRDO Procurement Manual in October 2020,” the ministry said.