India may be a big importer of defence equipment but has been making steady progress in exports of such products to a number of countries including those who are big names in the export market like the US, Australia, Finland, France, Germany, Israel, South Africa and Sweden.
These countries are in the list of 42 nations that also included Azerbaijan, Seychelles, Estonia, Indonesia, Guinea and the Philippines.
Minister of State for Defence, Shripad Naik, in a written reply to Rajya Sabha on Monday said the “cost of the items and quantum of foreign exchange earned varies from company to company” and the ministry did not keep a record of the quantum of foreign exchange earned. Read More…
