Monday, 27 June, 2022
HomeDefenceAt Aero India, India pitches defence partnership to nations in Indian Ocean...

At Aero India, India pitches defence partnership to nations in Indian Ocean Region & beyond

On the air show’s last day, Defence Minister Rajnath Singh says India plans to move from $11 bn defence base to $25 bn by 2025, with a $5 bn export component.

Text Size:

Bengaluru: Looking to raise its defence manufacturing base from $11 billion to $25 billion by 2025, India has pitched itself as a defence partner to countries in the Indian Ocean Region and others at the Aero India 2021, which came to an end Friday.

Showcasing utility and light combat helicopters to fighters and missiles, besides radars, India is hoping to move away from being one of the world’s biggest importers of weapons to being an exporter.

Addressing the audience at Aero India on the last day in Bengaluru, Defence Minister Rajnath Singh said during the period 2015-2020, India’s defence exports grew from Rs 2,000 crore to Rs 9,000 crore.

“It is also important to note that a vast majority of our defence exports are being spearheaded by the private sector,” he said.

The minister said a robust domestic manufacturing base relates directly to the potential for defence exports. “We plan to move from a $11 billion defence base to $25 billion by 2025. Of this, we further intend to create an export component of $5 billion,” he said.

Singh, who chaired the first ever Indian Ocean Region Defence Ministers Conclave in Bengaluru Thursday, said the aerospace sector has an important role to play, if India has to reach its targets of domestic defence production of $25 billion and exports of $5 billion by 2025.


Also read: Indian Ocean a shared asset, nations must synergise efforts to ensure safety, says Rajnath


The IOR focus

One of the highlights of Aero India 2021 was the signing of the contract for 83 light combat aircraft Tejas.

The government is keen to offer the Tejas for export to various countries, with a particular focus on the Indian Ocean Region, and plans to open up offices of Hindustan Aeronautics Ltd in some nations.

“Our strategic interests lie in the Indian Ocean Region. This is where we are focusing. We are not only looking at being the preferred security partner but also a defence partner by which we can equip them with systems that are affordable and hi-tech,” a senior official in the Defence Ministry said on condition of anonymity.

According to defence ministry calculations, the aero components sector is set to grow from Rs 30,000 crore today to Rs 60,000 crore by 2024.

Singh explained the government aims at bringing down defence imports by at least $2 billion by 2022. “Between 2016 and 2019, 138 proposals worth over $37 billion for domestic manufacturing have been approved,” he said.

From Iran to Madagascar, nearly 50 countries have participated in the air show which was the first to be held in the world since the Covid pandemic.

“The fact that so many countries sent either their Defence Ministers, service chiefs or representatives, clearly shows the interest that these countries have in what India has to offer,” another source in the defence ministry said, adding that the government will follow this up in a coherent manner and ensure that mechanisms are in place.

Showcasing

A range of indigenous products were the central focus of the aero show. This included the Akash air defence system that has recently been approved by a cabinet committee for exports, besides the BrahMos missile system.

The HAL’s focus was the rotary wing platform that is also available for exports, and the armed versions of the Advanced Light Helicopter and the under-development Light Utilitarian chopper.

A number of Indian private firms and start-ups showcased products ranging from small arms to drones and bullet proof jackets.

The government has already created a country-wise profile to understand what each nation needs and how Indian products can be pushed.


Also read: With ‘see-through armour’ & night visibility, this combat vehicle is turning heads at Aero India


 

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

1 COMMENT

  1. TS Darbari – Aero India 2021 has been an unprecedented success, said President Ram Nath Kovind on Friday, adding that it is the world’s first mega event of this kind to be held in a hybrid format. Make in India and self-defence in defence production is a major initiative to make India self-dependent and keep it in the front line with the west in the race of air-superiority though it seems to be a big statement but India can easily turn this dream into reality if it kept on moving with the same pace. Who is TS Darbari ? –
    TS Darbari is a top management professional, with several years of rich & diversified experience in Corporate Strategy, New Business Development, Sales & Marketing, Commercial Operations, Project Management, Financial Management and Strategic Alliances.
    #who_is_TS_Darbari #TS_Darbari #Ts_Darbari_Blog #TS_Darbari_News #Ts_Darbari_Views #Ts_Darbari_Blogger #TS_Darbari_Comments #Ts_Darbari_Opinion #About_TS_Darbari #TS_Darbari_Articles #Politics #Views #Comments #who_is_TS_Darbari #About_TS_Darbari

Comments are closed.

Most Popular

×