defense exportwhich saw substantial growth over the previous fiscal year, mainly in the US, Philippines and other countries Southeast Asia, West Asia and Africa.
Additional Secretary (Defence Production) said, “In 2021-22, we have recorded exports of Rs 13,000 crore, which is the highest ever number that we have recorded in the defense sector.” Sanjay Jaju Said on Friday.
A major export deal signed in January this year was a $375 million (Rs 2,770 crore) contract to export BrahMos supersonic cruise missiles to the Philippines, which the country as well as more such deals with other ASEAN countries such as Indonesia. will pave the way for Vietnam, as previously reported by TOI.
Arms exports in 2021-22 were almost eight times what they were five years ago. India’s defense exports stood at Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20 and Rs 2,059 crore in 2015-16.
Defense Minister Rajnath Singh will reward a private sector organization and another public sector organization for the first time on Monday at the “Artificial Intelligence in Defence” symposium and exhibition, which performed best in defense exports.
Defense Secretary Ajay Kumar said that 75 newly-developed AI products and technologies with applications in defence will be launched during the event. Products Automation/Unmanned/Robotics Systems, Cyber Security, Human Behavior Analysis, Intelligent Surveillance Systems, Logistics and Supply Chain Management, Speech/Voice Analysis and C4ISR (Command, Control, Communications, Computer and Intelligence, Surveillance and Reconnaissance) systems. Apart from the 75 products being launched, another 100 are in various stages of development, he added.