India’s defence exports have more than doubled to nearly Rs 11,000 crore on the back of recent policy liberalisation and access to the US market, given a large amount of offsets being executed by domestic companies.
The increase in defence exports — to Rs 10,745 crore in 2018-19 from Rs 4,682 crore in 2017-18 — is expected to move up exponentially, with the Rajnath Singh-led defence ministry going ahead with a new general export licence plan. It will enable Indian companies to export certain equipment to identified nations. Read More…
