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Financial support for attaches to promote defence exports

Fiinews by Fiinews
March 10, 2021
in Exports, Manufacturing
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India exports defence products to 80+ countries

A Scheme to provide financial support to Defence Attaches in overseas missions for promoting exports of India-made defence products both of public and private sectors has been notified, Parliament was told on 10 Mar 2021.

Elaborating, the Minister of State for Defence Shripad Naik said Indian export items are exported to more than 80 countries including Asia, Europe, North America, Africa, Latin America and SAARC countries, said in a written reply to the house.

The export items include Weapon Simulators, Tear Gas Launcher, Torpedo Loading Mechanism, Alarm Monitoring & Control, Night Vision Monocular & Binocular, Light Weight Torpedo & Fire Control Systems, Armoured Protection Vehicle, Weapons Locating Radar, HF Radio, Coastal Surveillance Radar etc.

A separate Cell has been formed in the Department of Defence Production to co-ordinate and follow up on export related action including enquiries received from various countries and facilitate private sector and public sector companies for export promotion, he informed the house in a written reply.

In order to boost defence exports, webinars are being organized with Friendly Foreign Countries (FFCs) under the aegis of DDP, MoD through Industry Associations with active participation from Indian Defence Industries, said the Minister.

A Scheme for Promotion of Defence Exports has also been notified to provide an opportunity to the prospective exporters an option to get their product certified by the Government and provides access to the testing infrastructure of Ministry of Defence for initial validation of the product and its subsequent field trials. The certificate can be produced by the prospective exporter for marketing their products suitably in the global market, said Naik. #exports #makeinindia #production #defence #manufacturing /fiinews.com

Tags: Ministry of Defence
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