334% growth in indian Exports..!? how many countries exports..?!
India has always been an importer of crude oil and arms, but recently India's arms exports have increased massively through various programs including Make in india by the central government. Defense equipment and arms exports have grown by 334 percent in the last 5 years. This has created a new business sector, opportunities, and income in India. It has the potential to become an important trade segment of india soon. Do you know how many countries india exports defense equipment and weapons to?
India has been one of the world's largest importers of defense equipment and arms for the past 75 years. To change this situation, the central government has decided to implement many important projects in many states including tamil Nadu. Through this, the export of the indian defense sector has grown up to 334 percent, this rapid growth was possible only through joint efforts. india currently exports to 75 countries, the central government said in a statement released on Sunday.
In the last five years, the defense exports have increased by 334 percent. india now exports to over 75 countries thanks to joint ventures, said PIB. This has boosted indigenization and manufacturing in the indian defense industry. India's first indigenous aircraft carrier, INS Vikrant was recently commissioned in Kochi, a memorable event, indian Coast Guard's indigenously developed advanced light helicopter Mk-III, and successful test-firing of the new generation nuclear-capable ballistic missile 'Agni B' was significant.
India's Defense Secretary ajay Kumar said efforts are being made to unleash the full potential of make-in-India efforts in the defense sector as a whole and to be seen as one of the top five countries in defense manufacturing globally as a key part of Modi's Amrit Kaal.