Through
consistent policy initiatives of the Government and tremendous contribution of
the defence industry, India has achieved a remarkable milestone in defence
exports in Financial Year 2022-23. The exports have reached an all-time high of
approx. Rs 16,000 crore, almost Rs 3,000 crore more than the previous financial
year. It a rise of over 10 times since 2016-17. Details are given below:
(Rs
in crores)
|
Financial
Year
|
Total
Export Value
|
|
2016-17
|
1,521
|
|
2017-18
|
4,682
|
|
2018-19
|
10,745
|
|
2019-20
|
9,115
|
|
2020-21
|
8,434
|
|
2021-22
|
12,814
|
|
2022-23
|
15,920
|
India
is now exporting to over 85 countries. Indian industry has shown its capability
of design and development to the world, with 100 firms exporting defence
products at present. The rising defence exports and participation of 104
countries in Aero India 2023 are proof of India’s growing defence manufacturing
capabilities.
In
a tweet, Prime Minister Mr. Narendra Modi described the achievement as a clear
manifestation of India’s talent and the enthusiasm towards ‘Make in India’. “It
also shows the reforms in this sector over the last few years are delivering
good results. Our Government will keep supporting efforts to make India a
defence production hub,” he stated.
Raksha Mantri Mr. Rajnath Singh termed record defence
exports as a remarkable achievement of the country. “Under the inspiring
leadership of Prime Minister Narendra Modi, the defence exports will continue
to grow exponentially,” he tweeted.
Today, India, which was known as an importer
about eight years back, exports major platforms like Dornier-228, 155 mm
Advanced Towed Artillery Guns (ATAGs), Brahmos missiles, Akash Missile System, radars,
simulators, mine protected vehicles, armoured vehicles, PINAKA rockets and
launchers, ammunitions, thermal imagers, body armours, besides systems, line
replaceable units and parts and components of avionics and small arms. There is
growing global demand of LCA-Tejas, Light Combat Helicopters, aircraft carrier,
MRO activities etc.
To give a push to defence exports, Government has
taken a number of policy initiatives and brought reforms over the last 5-6
years. Export procedures have been simplified and made industry friendly with
end-to-end online export authorisation curtailing delays and bringing Ease of Doing
Business. Government has notified three Open General Export License
(OGEL) for export of Parts and Components/Transfer of Technology/Major
Platforms and Equipment. OGEL is one-time export license, which permits the
industry to export specified items to specified destinations, enumerated in the
OGEL, without seeking export authorisation during the validity of the OGEL.
Export leads received from various countries are
disseminated to the registered Indian Defence Exporters through online portal
on real time basis to enable them to respond to export opportunities. Regular
reviews are held with Indian Missions abroad to promote Indian defence products
and facilitate Indian Industry. More than 40 webinars organised with Friendly
Foreign Countries (FFCs) with involvement of Industry Associations.
