According to a senior source in the Ministry of Defence, exports of defence goods, including equipment, are expected to more than quadruple to Rs 35,000 crore by 2024-25, up from Rs 15,920 crore in the fiscal year ending March 2023. “Our target is to increase exports to Rs 35,000 crore in the next two years,” … Read more
Last year India and the Philippines signed a Contract of $375 Million in which India will be selling batteries of BrahMos supersonic cruise missiles to the Philippines. Developed by BrahMos, India will be delivering the Forst batch of Brahmos to the Philippines in December. Range of 400 Km, it has a speed of 2.8 Mach … Read more
Over the past ten years, the Indian defence industry has grown significantly, and the government has actively encouraged defence exports as a way to raise money and spur the nation’s economic development. In the fiscal year 2022–2023, India’s defence exports reached a record high of over INR 16,000 crore (almost $1.95 billion), with the country … Read more
Union Minister Rajnath Singh said on Tuesday that India would export defence equipment and materials worth Rs 35,000 to Rs 40,000 crore by 2026. The defence minister was speaking at the Field Marshal Sam Manekshaw memorial lecture on ‘The Role of Youth in Nation Building,’ which was hosted by Symbiosis International University. Book Your SSB … Read more
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