Modi government had in 2020 set an ambitious export target of Rs 35,000 crore or $5 billion in aerospace and defence goods and services for the next five years.
Defence exports were once seen as exceptions. Today, they are part of annual planning cycles. Startups now pitch to the Army in structured innovation challenges. PSUs participate in global tenders.
Defence Production Secretary Sanjeev Kumar says Tejas production line, at HAL & GE, has stabilised & delivery will begin this yr. 5-day air show begins in Bengaluru on 10 February.
The once-dominant India-Russia defence relationship is waning. In its place, crude oil supplies have become the centrepiece of bilateral ties, signalling a fundamental shift.
While Azerbaijan is moving away from traditional arms supplier Russia and growing closer to Turkey & Pakistan, rival Armenia is depening defence ties with India, already a major supplier.
India's defence industry now supplies to over 90 countries, with exports growing by more than 30 times in 10 years. Equipment exported is wide-ranging, from small arms to armoured vehicles.
Private sector & DPSUs accounted for about 60% & 40% of the total exports. Growth is 32.5 percent as compared to previous fiscal, says defence minister.
Post-2022 as AI has spread in developed economies, it is leading to another round of polarisation—the middle class jobs are being lost in offices rather than in factories.
The fifth S-400 air defence system is undergoing various stages of production trials, and will be delivered by November-December this year, it is learnt.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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