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.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.