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Defence equipment exports increases to Rs.10,745 crore

Foreign vendors had 58 contracts

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Foreign vendors had 58 contracts

 

Ministry of Defence

 

India’s defence equipment exports have been increasing year on year from Rs.1,521 crore in 2016-17 to Rs.4,682 crore in 2017-18 and Rs.10,745 crore in 2018-19, Rajya Sabha was told on 25 Nov 2019.

India exported Patrol Vessels, Helicopters, Sonars and Radars, Avionics, Radar Warning Receivers (RWR), Small Arms, Small Caliber Ammunition, Grenades, Telecommunication equipment, Coastal Surveillance, Simulators, Bullet Proof Jackets and Body Armour over the last three years, he said.

Meanwhile, foreign vendors supplying defence equipment had 58 contracts worth about Rs.138,727.16 crores during the three years, said Minister of State for Defence Shripad Naik in a written reply on 25 Nov 2019.

The defence equipment were sourced from Russia, USA, Israel, France and United Kingdom among others.

Local venders were given 91 contracts worth about Rs.6,955.73 crores for procurement of defence equipment for the Indian Defence Forces.

In total, 149 capital acquisition contracts were signed during 2016-17/2018-19.

Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on operational requirements of the Armed Forces, the availability or capacity to produce the equipment in India and abroad, he explained.

This is to keep the Armed Forces in a state of readiness to meet the entire spectrum of security challenges, said Naik.

Giving details, he said India has 41 Ordnance Factories and 9 Defence Public Undertakings (DPSUs) in the Public sector manufacturing defence equipment.

In addition, 452 Industrial Licenses (ILs) have been issued to defence industry in private sector defence equipment manufacturers. fiinews.com

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