Indian Government has made a roadmap to promote the indigenously developed military platforms and weapons to boost their exports and will use diplomatic channels to promote them in overseas markets.
Defence Minister Rajnath Singh had unveiled a major policy decision, announcing imposition of a phase-wise ban on import of 101 military platforms and weapons systems with an aim to promote the domestic defence industry.
Raj Kumar, secretary, Department of Defence Production, said at a webinar that the domestic defence industry will hold web interactions with the representatives of friendly countries to figure out what kind of products and platforms they require.
“We are preparing country-wise profiles of products, weapons and platforms which are probably needed by our friendly countries. So we are now planning to start web interaction led by the industry,” Kumar said.
“Everything, whether it is defence industrial corridor, or whether it is defence production and export promotion policy, or whether it is a negative list – everything works in the same direction that we have to be among the top producers of defence items,” he said.
India is one of the most lucrative markets for global defence giants. The country has figured among the top three global importers of military hardware for the last eight years.
The Indian armed forces are projected to spend around USD 130 billion in capital procurement in the next five years.