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India’s Defence Exports

  • 28 Oct 2024

In October, 2024, India’s defence exports gained momentum, with the U.S., France, and Armenia emerging as the primary purchasers of indigenous military equipment.

Key Points

  • Expanding Global Reach: India now exports military products to over 100 countries, with U.S., France, and Armenia topping the list for the latest fiscal year, according to official sources.
  • Major Exports and Clients: Indian companies supply aircraft and helicopter components to U.S. defence giants like Lockheed Martin and Boeing.
  • France procures Indian-made software and electronic equipment, while Armenia imports artillery guns, rocket launchers, radars, and other critical systems.
  • Growth in Domestic Defence Manufacturing: The Defence Ministry’s focus on local manufacturing has led to an expanded Defence Industrial Base, featuring 16 public-sector units, 430 licensed firms, and 16,000 SMEs.
  • Defence production value has tripled from ₹46,429 crores in 2014-15 to ₹1.27 lakh crores in the last fiscal.
  • Private Sector Contributions: The private sector’s share in defence production value stands at 21%, with contributions spanning the LCA Tejas, MBT Arjun, Akash missile system, and other advanced platforms.