India’s export in defence area increases eight times in five years

New Delhi – India’s efforts to be self-reliant in defence matters are getting successful. In the financial year 2021-22, the export in defence field has crossed more than Rs. 13,000/- crores which are 54.1% more, compared to the export during the financial year 2020-21. Out of this export, 70% came from the private sector while 30% was from Government companies. Considering the last five years’ statistics, the export rate has increased by 8%.

The information given by the Department of Defence Production under Ministry of Defence, the export was mainly to the countries like the USA, the Philippines, other countries from south-east Asia, and countries in the central-east and African continent. India has entered into a contract worth Rs. 2770 crores with the Philippines to supply the supersonic missiles ‘BrahMos’.

Importance of ‘BrahMos’ missiles

BrahMos missiles can be launched from a submarine, warship, and fighter planes. Its speed is three times faster than the speed of sound and its range is 290 km.