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Posted 20 Apr 2024

2 min read

  • The supply was made in accordance with the USD 375 million agreement that the two nations agreed in 2022.
    • Also, India recently delivered two Dornier 228 aircraft to Guyana, spreading export linkages to Caribbean nations as well. 
    • These are seen as major developments in defence exports from India. 

 

  • Defence Export of India
    • India is currently exporting military hardware to around 85 countries. 
    • Major export items include missiles, artillery guns, rockets, armoured vehicles, etc.
    • In FY 2023-24, exports reached an all-time high of Rs. 21,083 crore. 

 

  • Key Opportunities:
    • Strategic Leverage (bolster relationship with nations)
    • Enhances Self-reliance in defence by increasing defence manufacturing capabilities, etc.

 

  • Key Challenges: Delays in export clearances decreasing competitiveness of Indian defence products, historical perception of inconsistency in the quality etc. 

 

  • Initiatives
    • The Draft Defence Production & Export Promotion Policy: It has set the goal of achieving a turnover of Rs 1,75, 000 crore ($25 billion) in the defence sector.
    • Simplification of Export Procedures: India Defence Mart (an online platform) has been launched for companies to apply for export licenses and track their applications.
    • Other: Scheme for Promotion of Defence Exports (SPDE), Innovation for Defence Excellence (iDEX)Defence Acquisition Procedure (DAP 2020) etc. 

 

About BrahMos Missile

  • Developed under the joint venture agreement between India and Russia.
  • It is a two stage Supersonic Cruise Missile (travels at a speed of around 2-3 Mach).
    • Cruise Missile is propelled by jet engines. 
  • Key Features: 
    • Fire and Forget principle of operation.
    • Long flight range (290km) with varieties of flight trajectories. 
    • Low radar signature.
  • Tags :
  • BrahMos Cruise Missiles
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