IN FEBRUARY 2020, Prime Minister Narendra Modi set a target for Indian defence exports: $5 billion by 2024. Last month, the Union cabinet cleared the export of Akash missile systems and formed a high-powered panel to grant swift approval to export military hardware. Besides Akash, surface-to-air missile systems, the BrahMos supersonic cruise missile and larger weapon systems can now be sold to “friendly foreign” nations that have a robust system to manage these assets. It will also help improve strategic ties with them. Until now, India has only exported ordnance and smaller armaments.
Experts believe that apart from Akash and BrahMos, other missiles like Prahaar and the air-to-air Astra have huge export potential. Astra, which has a range of 100km, is now entering the production stage after completing successful trials from the Sukhoi Su-30MKI jet. Two things hampered the sale of indigenously developed missiles: the lack of effort to sell and a strong lobby of First-World nations that dominates defence markets. India also lacked a policy to push defence exports, despite defence scientists seeking export permission since 2005.
Interestingly, from 2015 to 2019, India was the world’s second-largest importer of weapons, after Saudi Arabia. India imported 9.2 per cent of the arms produced globally. India did though manage to export defence equipment worth Rs10,745 crore in 2018-19, seven times the figure in 2016-17.
According to an observer in South Block, efforts are on to fast-track the long-promised sale of BrahMos and Akash to Vietnam. This deal with China’s neighbour is also a clear message to Beijing.
هذه القصة مأخوذة من طبعة March 14, 2021 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 14, 2021 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Trump And The Crisis Of Liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.