Indian Arms Tops World’s 25 Arms Exporters
Since BJP won power at the Center in 2014, led by PM Modi, the central government’s goal has been to produce weaponry for the 3 armed forces domestically.
Projects such as iDEX, Make 2, and Make in India were launched to do this.
Defense Research and Development Organization (DRDO) research programmes within the Union Ministry of Defense were promoted. As a result, domestic weapon manufacture and exports are skyrocketing.
As per the Stockholm International Peace Research Institute’s most recent figures, India is one of the world’s top 25 arms exporters.
Indian arms exports reached Rs.13,000 crore in the fiscal year 2021-22. The Union Ministry of Defense has set a target of Rs.35,000 crore in exports by 2025.
India’s imports of weaponry declined by 21% while domestic production grew. The federal government has prohibited the import of around 780 types of guns and defence equipment.
Indian Arms EXIM Before And After 2014
BrahMos missile export – India, which was the top importer of weaponry for several years, is now the top exporter. The Philippines agreed to buy India’s BrahMos missiles for Rs 2,983 crore in January.
Malaysia has showed interest in buying Indian Tejaspur aircraft. The two countries are likely to sign the pact soon. The international market for Tejas fighter jets is growing. The use of Tejas fighter jets to train American pilots is being considered.
The GOI recently gave nod to improve the current Tejas fighter jet and develop the Tejas 2.0 fighter jet. Tejas 2.0 fighter planes are expected to enter production by 2030, as per Hindustan Aeronautics.
Countries like as the United States, the UK, and Australia have expressed interest in buying armaments from India. Approx half of the replacement parts exported from India are supplied to US enterprises.
The Indian Air Force intends to retire its old fighter jets and replace them with 123 Tejas fighters. Hindustan Aeronautics has been granted the contract. The Air Force has received 30 Tejas fighter jets so far.
The Indian shipbuilding sector is booming. The indigenously built aircraft carrier INS Vikrant was dedicated to the country.
INS Vikrant is an aircraft carrier built for the Indian Navy by Cochin Shipyard Limited (CSL) in Kerala. It is the first aircraft carrier constructed in India. It was called Vikrant in honour of India’s first aircraft carrier, INS Vikrant (1961).
In Sanskrit, the name Vikrant means “courageous.” The ship’s motto, “Jayema Sa Yudhi Sprdha,” translates as “I beat those who fight against me.”
India successfully launched a missile capable of destroying and targeting satellites in 2019. With this, India has surpassed the United States, Russia, and China to become the fourth country with the ability to destroy satellites.
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