https://sputniknews.in/20240401/indian-defence-exports-reach-all-time-high-since-independence-7005818.html
Indian Defence Exports Reach All-Time High Since Independence
Indian Defence Exports Reach All-Time High Since Independence
Sputnik India
India's defence exports jumped to an impressive USD $3.2 Billion in the fiscal year 2023-24, showing a significant growth rate of 32.5 per cent over the previous fiscal year, according to Indian Defence Minister Rajnath Singh.
2024-04-01T18:10+0530
2024-04-01T18:10+0530
2024-04-01T18:10+0530
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India's Defence Minister Rajnath Singh announced in a social media post on Monday that the country's defence exports had achieved an unprecedented feat by crossing the Rs 21,000 crore milestone for the first time in the history of independent India.India's defence exports have expanded to 84 countries and regions worldwide.At the same time, the success of India's defence exports is largely due to the collaborative efforts of some 50 Indian companies, both public and private, who have played a pivotal role in achieving this milestone.These companies have demonstrated remarkable innovation, efficiency and adherence to quality standards, enhancing India's reputation as a reliable supplier of defence equipment and technology.Among the major defence exports, Personal Protective Equipment, Offshore Patrol Vehicles, ALH Helicopters, SU Avionics, Coastal Surveillance Systems, Light Engineering Mechanical Parts and Kavach MoD, among others, have emerged as significant contributors to India's defence export portfolio.These cutting-edge defence technologies and equipment have attracted considerable interest from international buyers, further consolidating India's position as a leading exporter of defence equipment.
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Indian Defence Exports Reach All-Time High Since Independence
India's defence exports jumped to an impressive USD $3.2 Billion in the fiscal year 2023-24, showing a significant growth rate of 32.5 per cent over the previous fiscal year, according to Indian Defence Minister Rajnath Singh.
India's Defence Minister Rajnath Singh announced in a social media post on Monday that the country's defence exports had achieved an unprecedented feat by crossing the Rs 21,000 crore milestone for the first time in the history of independent India.
In a post on X (formerly Twitter), Defence Minister Rajnath Singh expressed his delight, saying, "Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21000 crore mark for the first time in the history of Independent India!"
India's defence exports have expanded to 84 countries and regions worldwide.
This substantial growth is a testament to the concerted efforts and strategic initiatives taken by the Ministry of Defence to strengthen India's defence manufacturing capabilities and promote indigenous defence production.
At the same time, the success of India's defence exports is largely due to the collaborative efforts of some 50 Indian companies, both public and private, who have played a
pivotal role in achieving this milestone.
These companies have demonstrated remarkable innovation, efficiency and adherence to quality standards, enhancing India's reputation as a reliable supplier of defence equipment and technology.
India's defence exports are geographically diversified, with shipments going to countries such as the Maldives, Sri Lanka, Russia, the UAE, the Philippines, Saudi Arabia, Egypt and Chile, among others.
Among the major defence exports, Personal Protective Equipment, Offshore Patrol Vehicles, ALH Helicopters, SU Avionics, Coastal Surveillance Systems, Light Engineering Mechanical Parts and Kavach MoD, among others, have emerged as significant contributors to India's defence export portfolio.
These cutting-edge
defence technologies and equipment have attracted considerable interest from international buyers, further consolidating India's position as a leading exporter of defence equipment.
