![]() ![]() In the same report, India is mentioned at the 23rd spot among top 25 exporters of weapons, with Myanmar, Sri Lanka and Armenia being its top customers. “Despite this, India was the world’s largest importer of major arms in 2017-21 and accounted for 11 per cent of total global arms imports in the period,” the report said. Sweden-based think tank Stockholm International Peace Research Institute (SIPRI), in its report last month, compared two five-year blocks - between 2012-21 - saying Indian arms imports decreased by 21 per cent. The numbers could be greater for the fiscal ending March 2022.ĭespite locally making warships, fighter jet Tejas, nuclear submarine INS Arihant, missiles like Akash and BrahMos, New Delhi keeps on emerging among the top-two global importers of weapons. Just five years ago, for the fiscal ending March 31, 2017, exports were Rs1,522 crore (approximately $200 million).įor the fiscal ending March 2021, the total domestic production - private and public - stood at Rs84,667 crore (approximately $11.2 billion) - and well on its way for the $25 billion target. In the just ended fiscal, military equipment exports stood at Rs11,607 crore ($1.54 billion). In August 2020, the Government announced a target of touching $5 billion in exports annually by 2025 and domestic defence production at $25 billion annually. ![]() ![]() New Delhi is emerging as a supplier for international arms manufacturers and correspondingly is making more equipment for itself, eschewing imports. ‘Make in India’ in defence equipment manufacturing is no more an elusive mirage. AFTER having emerged as a global hub for manufacturing automobiles, India is now graduating to making weapons, arms, ammunition, warships and planes for the international market and also for its own use. ![]()
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