Government approves export of indigenous Akash Missile, India sells most weapons to these countries
The Government of India has approved the export of a land-to-air indigenously built Akash Missile. This decision was taken at a cabinet meeting chaired by Prime Minister Narendra Modi. Along with this, it has also been decided to set up a committee, which will work to speed up the process of Defense Exports.
9 countries showed interest in Akash missile
The Defense Research and Development Organization (DRDO) has developed the Akash Air Defense System. This is a new step in the direction of self-reliant India, as 9 countries in East Asia and Africa have shown interest in purchasing the Akash missile system.
Joined the Indian Army in 2015
96 percent of the Akash Air Defense System has been prepared in India. This missile was inducted into the Indian Air Force in 2014 and into the Indian Army in 2015.
25 km is firepower
Akash Air Defense System is a surface-to-air missile with a range of 25 km. The Akash missile can aim accurately at fighter jets, cruise missiles and drones.
India is moving fast towards arms exports
India is one of the largest arms importing countries in the world, but now India is rapidly moving towards arms exports. A large number of defense equipment and missiles are being made in the country under the self-sufficient India campaign in the country.
India sells arms to 42 countries
India is currently exporting defense equipment to a total of 42 countries, which include countries like the US, Australia, Finland, Sweden, Myanmar, Sri Lanka and Mauritius. Apart from this, India is exporting body protecting equipment to countries like Qatar, Lebanon, Iraq, Ecuador and Japan.
Who are the biggest buyers of India
According to the report, India’s largest arms buyers are Myanmar (46 percent), Sri Lanka (25 percent) and Mauritius (14 percent). At present, India’s share of arms exports in the world is only 0.2 percent, which is targeted to be increased to $ 5 billion within 5 years.
Export target of 35 thousand crores by 2025
The Government of India has set a target of exporting defense products worth 35 thousand crores by 2025. The objective of the Defense Production Export Promotion Policy 2020 is to improve strategic relations with friendly countries through defense exports.
A tremendous jump in India’s defense exports
According to the data, India’s defense exports have seen a huge boom in the last few years. India’s defense exports stood at Rs 1521 crore in 2016-17, which increased nearly 700 percent to Rs 10745 crore in 2018-19.
How much is India’s defense exports currently?
Defense Minister Rajnath Singh had informed in a recent program that under the self-sufficient India campaign, the country is moving towards the role of a big exporter. He told that India is currently exporting defense worth about 17000 crore rupees annually.
India bans import of 101 devices
In order to promote a self-reliant India, the central government banned the import of 101 defense equipment in August this year and now they are being manufactured in the country itself.
