Thread by @ssaratht

#Aatmanirbharta On the Rise: Where India Stands In World Arms Bazaar as Defense Exports Reach All-Time High and $100 Bn Orders Likely in Next Decade? India is now exporting defense equipment to over 85 countries.

INDIAN DEFENCE EXPORTS ARE AT ALL TIME HIGH!
🧵
#AtmaNirbharBharat

◆ 2022-23: ₹15,920 Cr
◆ 2021-22: ₹12,814 Cr
◆ 2020-21: ₹8,434 Cr
◆ 2019-20: ₹9,115 Cr
◆ 2018-19: ₹10,745 Cr
◆ 2017-18: ₹4,682 Cr
◆ 2016-17: ₹1,521 Cr
Under the inspiring leadership of Modi our defense exports will continue to grow exponentially #AtmaNirbharDefence
+

The country may be far away from establishing a significant footprint in the international arms market, considering a poor track record, the defense establishment is upbeat over its rising penetration in the world market.
■ Efforts to increase defense exports have started
+

to yield positive results, and India has set an ambitious target of US$5 billion worth of annual exports in the next five years.
■ Indian industry has shown its capability of design and development to the world, with 100 firms exporting defense products at present.
+

■ These exports include the Supersonic BrahMos cruise missiles, Advanced Light Helicopters, multi-barrel rocket launcher Pinaka, light weapons , ammunitions etc.
■ The country had in the past seen only a half-hearted focus on the development of export-led defense industry,
+

though it created huge infrastructure of designing and producing defense equipment in the public sector, which includes over 40 DRDO labs, eight defense public sector undertakings and over 40 ordinance factories.
■ The world defense industry is set to see a new boom in its
+

order book due to the Russian military invasion in Ukraine, which has created a new sense of insecurity not only among European nations, but in the Asian region also.
■ From Finland to Poland in Europe to East, Southeast, South Asia, & the Arab Gulf region to Africa,
+

a new wave of militarization has begun.
■ Indian military aircraft designers are moving fast on indigenous production of fifth generation Advanced Combat Aircraft, but real product on the ground is at least a decade away.
■ The Indian defense ministry wants these new
+

generation fighters to be produced in India with foreign partnership.
■ Similarly, the ministry wants the requirement of six diesel submarines to be fulfilled in strategic partnership with a foreign manufacturer. These fighters & submarines would thus be called #MadeInIndia
+

product, which can also be produced for export.
■ The Ministry of Defense has already set up two defense corridors, one in Tamil Nadu and the other in Uttar Pradesh, where adequate facilities need to be urgently put in place to attract big players in the defence industry.
+

■ As PM Modi has said, India can be production hub of defense equipment, & efforts are being made to attract countries like Japan, Israel, Korea, Gulf nations etc to make India as their production centers to meet the requirements of their armed forces, as India offers
+

qualified manpower.
Their advanced technology coupled with capable Indian workers can not only help to meet their own military requirement but also sell their products to Indian armed forces & for international arms market too.
- By Abhijit K Nag Choudhury
news.abplive.com/india-at-2047/…