334 per cent growth in Defence exports in last five years: Government says

Defence exports have grown by 334 per cent in the last five years and India is now exporting to over 75 nations on account of collaborative efforts, the federal government mentioned on Sunday. The Press Information Bureau (PIB) mentioned in a tweet: “The Indian Defence sector, the second largest armed force is at the cusp of revolution.””Defence exports grew by 334 per cent in the last five years; India now exporting to over 75 countries due to collaborative efforts,” it mentioned.

The PIB India Twitter deal with additionally shared some knowledge in a poster hooked up with the tweet to underline the indigenisation and enhance of manufacturing in the defence sector.

It talked about the current commissioning of India’s first indigenous plane provider INS Vikrant in Kochi.

It additionally talked about in regards to the indigenous Advanced Light Helicopter Mk-III’s squadron being commissioned into the Indian Coast Guard, and profitable testing of recent era nuclear-capable ballistic missile ‘Agni P’.

Defence Secretary Ajay Kumar, throughout an interplay held at an occasion right here on Thursday, had mentioned efforts have been being made to “unleash the energy” of the Make-in-India initiative as an entire in the defence sector and the nation‘s Amrit Kaal imaginative and prescient is to see it among the many prime five nations globally in defence manufacturing.

In the last 75 years, India has continued to be one of many largest importers of defence merchandise in the world, and that is the state of affairs the federal government needs to alter, he had mentioned.