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To Boost India’s Defence Exports To Rs 35,000 Crore By 2025, MoD Identifies 85 Countries To Sell Make In India Weapons
Mine Protected Vehicles during a flagging off ceremony at Ordnance Factory in Medak District . (NOAH SEELAM/AFP/Getty Images)
As part of its plans to boost India’s defence exports to Rs 35,000 crore by 2025, the government has drafted a list of 85 countries where it will be seeking to promote its military products, reports The Economic Times.
Indian defence attaches internationally have been authorised to showcase indigenously produced military products. As part of its initiative to pursue defence exports, the government has also authorised an annual budget of up to $50,000 per defence attache.
The money may be utilised by them to take part in exhibitions, carry out surveys and studies, conduct seminars, etc.
“India is emerging as a manufacturing hub for defence production and Defence Production Policy 2018 envisages an export target of Rs 35,000 crore by 2025. Defence attaches’ deputed across the world therefore play a pivotal role in showcasing India’s capabilities in defence product manufacturing and promoting export of defence products,” the Ministry of Defence said regarding the issue.
Some countries in which the government sees maximum potential for increasing defence exports are Vietnam, Bahrain,Afghanistan, Bangladesh, UAE, Malaysia and Thailand.
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