To boost defence sector, govt OKs indigenous missile exports | India News

0
fb-share-icon100
200
fb-share-icon19


NEW DELHI: In a move to boost domestic defence manufacturing, the government on Wednesday 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.
The Akash missile systems have over 96% indigenous components and the weapon can hit targets at a range of 25km. Defence minister Rajnath Singh said the export version of Akash missiles would be different from the system currently deployed with Indian armed forces.
The decision to export the missile systems was taken at a Cabinet meeting presided by PM Modi. “Under the #AtmaNirbharBharat, India is growing in its capabilities of manufacturing a wide variety of Defence platforms & missiles. The Cabinet chaired by PM @narendramodi ji today approved the export of Akash Missile System and a Committee for faster approvals has been created,” Singh tweeted.
He said Indian defence exports so far included parts and components. “The export of big platforms was minimal. This decision by the Cabinet would help the country improve its defence products and make them globally competitive,” the minister said.
Singh said the government intends to focus on exporting high-value defence platforms with an aim to achieve a target of $5 billion in defence exports and improve strategic ties with friendly countries. The government has been majorly focusing on boosting domestic defence production and set a target of over Rs 1.7 lakh crore turnover in defence manufacturing by 2025.

FacebookTwitterLinkedinEMail



Source link

0
fb-share-icon100
200
fb-share-icon19

Be the first to comment

Leave a Reply

Your email address will not be published.


*