Saturday, May 21, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | India | Defence Exports Will Rise In 4 Years Drdo Chairman

Defence exports will rise in 4 years: DRDO chairman

By PTI
Published: Published Date - 07:05 PM, Thu - 21 January 21
"Within next 4-5 years, this country will have a lot of indigenous content in the Indian armed forces and we will be seeing tremendous amount of increase in exports," he said "Within next 4-5 years, this country will have a lot of indigenous content in the Indian armed forces and we will be seeing tremendous amount of increase in exports," he said

New Delhi: There will be tremendous increase in defense exports from India in the next four to five years, chairman of the State-run Defence Research and Development Organisation (DRDO) G Satheesh Reddy said on Thursday.

“Within next 4-5 years, this country will have a lot of indigenous content in the Indian armed forces and we will be seeing tremendous amount of increase in exports,” he said at a webinar organised by industry body CII.

Reddy enlisted a number of measures the government and the DRDO have taken to boost the participation of private defence industry.

“In each project of ours, we have invited development and production partner from the industry. Even critical systems like missiles have been opened to the private industry,” he said.
Recently, the government has approved the export of Akash missiles to various countries, he mentioned.

On December 30, 2020, the government had approved the export of indigenously-developed surface-to-air Akash missile system and set up a panel to ensure faster approvals for acquisition proposals by various countries.

Reddy said a country is “real atmanirbhar (self-reliant)” when the design, development and production of state-of-the-art systems that are required by the armed forces are done within the country.

India is one the largest importers of arms globally. According to estimates, the Indian armed forces are projected to spend around USD 130 billion in capital procurement in the next five years.

However, the government now wants to reduce dependence on imported military platforms and decided to support the domestic defence manufacturing.

The defence ministry has already set a goal of a turnover of $25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years that included an export target of $5 billion (Rs 35,000 crore) worth of military hardware.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Aatmanirbhar
  • Defence Exports
  • defence manufacturing
  • Defence Research and Development Organisation

Related News

  • Editorial: Boost to defence exports

  • Fifth edition of National Bio Entrepreneurship Competition launched

  • DRDO gets new DG for Missiles & Strategic Systems

  • Editorial: Stimulus off the mark

  • Dr Reddy’s developing new treatment options for COVID-19, says MD

  • Hyderabad drives innovation for Covid therapies

Latest News

  • Sindhu loses to Chen Yu Fei in semifinals of Thailand Open

    1 min ago
  • Petrol price to reduce by Rs 9.5 per litre, Diesel by 7

    4 mins ago
  • Death of driver: YSRCP MLC’s arrest demanded

    20 mins ago
  • TSRTC to run Night Riders across Hyderabad’s high-density routes

    7 mins ago
  • KTR visits TRS NRI cell president’s home

    27 mins ago
  • Girl students ruling the roost in the field of education: expert

    37 mins ago
  • Army man arrested in Rajasthan after leaking info to ISI

    52 mins ago
  • Madonna banned from Instagram Live after sharing nude photos

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam