Centre to Encourage Government-to-Government Deals to Meet $5 Billion Military Export Target

In order to meet an ambitious target of $5 billion worth of military exports annually by 2025, the Centre will encourage government-to-government deals, using lines of credit to friendly foreign nations and branding of home developed products at international shows.

Spelling out its export promotion strategy, the defence ministry has marked out a target for Defence PSUs and the Ordnance Factory Board achieve 25% of their revenues from exports within the next five years in a draft policy. Read More…

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