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Showing posts from April 2, 2024

India's defence exports at all-time high: Which are the countries buying from New Delhi?

I ndia has taken a step forward in becoming ‘ Aatmanirbhar ’ or self-reliant in defence exports. Defence minister Rajnath Singh said on Monday (1 April) that India’s defence shipments have crossed the Rs 21,000-crore mark for the first-ever time. According to the defence minister, the arms exports touched Rs 21,083 crore in the financial year 2023-24, a “spectacular growth” of 32.5 per cent over the previous fiscal. India’s defence exports were nearly Rs 16,000 crore in the 2022-23 financial year. The development comes amid New Delhi’s push to boost defence exports under the Narendra Modi-led government. India has set an ambitious goal of reaching Rs 35,000 crore in annual defence exports by 2024-25. Let’s take a look at what India exports and to which countries. India’s growing defence exports India supplies arms to over 85 countries, including Italy, the Maldives, Russia, Sri Lanka, the United Arab Emirates (UAE), the Philippines, Saudi Arabia, Poland, Egypt, Israel, Spain, Chile, an...

'New Chapter Begins': India Delivers 2 HAL-228 Aircraft As Part Of Line Of Credit To Guyana

I ndia has delivered two Dornier-228 aircraft to Guyana as part of the Line of Credit, initiating a new chapter in the partnership between the two countries. A team of the Indian Air Force visited Guyana to deliver the HAL-228 aircraft. In a post on X, the High Commission of India in Guyana wrote, "High Commissioner welcomed IAF team visiting Guyana to deliver the HAL-228 aircrafts as part of Line of Credit from India to Guyana." "A new chapter in India-Guyana partnership begins," it further stated. After the aircraft was delivered, the official spokesperson of the Ministry of External Affairs, Randhir Jaiswal, called it a new chapter in the bilateral relations of the two nations. Jaiswal took to X and said, "A new chapter in - bilateral relations! Two aircrafts manufactured by @HALHQBLR were delivered to Guyana. These would help in connecting remote areas, medical evacuation and disaster response". The President of Guyana, Mohamed Irfaan Ali stated that t...

India’s Defence Exports Surge to Record High, Private Sector Leads Growth

  Defence Minister Rajnath Singh extended greetings to all stakeholders for surpassing this significant milestone in defence exports. (Image: @rajnathsingh/X) © Provided by Deepak kumar blogs D efence exports have surged to a historic high of Rs 21,083 crore in the Financial Year (FY) 2023-24, marking a remarkable 32.5percent increase compared to the previous fiscal year. This substantial growth, amounting to approximately US$ 2.63 billion, signifies a significant leap from the Rs 15,920 crore recorded in the preceding fiscal period. Over the past decade, defence exports have seen an impressive 31-fold increase, underscoring the sector’s robust expansion since FY 2013-14. According to the official statement issued by the Ministry of Defence on April 1, 2024, the defence  industry , comprising both the private sector and Defence Public Sector Undertakings (DPSUs), has played a pivotal role in achieving this milestone. Notably, the private sector has contributed approx...