Defence Exports By India Touch $2 Billion in 2011-12
- Thread starter Kazhugu
- Start date
shuttler
ELITE MEMBER
- Joined
- Feb 21, 2012
- Messages
- 9,253
- Reaction score
- 3
- Country
- Location
How much does the above $2 billion export fit into the figures issued by SIPRI below?
World's largest arms exporters
World's largest arms exporters
Good work for opening an year old thread. Now please show as much dedication you showed in digging a thread, to search for difference between arms mentioned by SIPRI and components mentioned in opening post.
ashok321
ELITE MEMBER
- Joined
- Nov 1, 2010
- Messages
- 17,942
- Reaction score
- 4
- Country
- Location
neehar
SENIOR MEMBER
- Joined
- Oct 21, 2012
- Messages
- 2,725
- Reaction score
- 1
- Country
- Location
heres the press release from assocham
aerospace and defence exports likely to reach USD 2 billion in 2011-12: ASSOCHAM
Thursday, January 26, 2012
Aerospace and defence exports are likely to clock two billion dollars in the current fiscal, apex industry body ASSOCHAM said today.
With about 18 per cent growth during the first three quarters of 2011-12, aircraft exports including component parts stood at about 1.31 billion dollars against 1.11 billion dollars in the corresponding period of previous fiscal, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Parts and components have contributed a whopping 96 per cent of the total aerospace exports, highlighting India’s manufacturing capability in aerospace sector oriented towards tier I, II and III suppliers as against aircraft Original Equipment Manufacturers (OEMs).
In the interest of top level private defence equipment manufacturers and exporters, ASSOCHAM has sought an exemption from input tax and levies for their contractors and sub-contractors by issue of customs and excise duty exemption certificates on the lines of Defence Public Sector Undertakings (DPSUs).
“Issuance of customs and excise duty exemption certificates to DPSUs to claim exemption from input tax and levies is making the exports by private sector exporters uncompetitive by about eight per cent,” said ASSOCHAM.
Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) chapter 5 and 6 must be populated, while, India Harmonised Code System (ITC-HS) description of Defence and Aerospace is inadequate, said ASSOCHAM.
There is also a need to link SCOMET codes to the items listed in the Defence Procurement Procedure (DPP) export of which is considered to be offsetable. List of countries to which A&D trade is not encouraged be made available to industry on request.
Besides, there is a lack of proper definition for a defence product which is imperative for Aerospace and Defence (A&D) sector to be able to access policy support and incentives for exports. In the absence of list for identification of defence products, the government support remains adhoc, lengthy and unnecessarily litigative.
A long and delayed clearance process of about three months for genuince exports of defence products to qualified countries from India is a pain for majority of A&D exporters.
Sops like incentives and benefits on taxation dues and levies to A&D sector has been limited and skewed against private players. Besides, the government outlook on structural and taxation benefits to dedicated aerospace and defence manufacturing hubs also remains non-commital, said the chamber.
According to ASSOCHAM, the current rate of indirect taxes on Maintenance, Repair and Operations (MRO) activities are quite high making them uncompetitive as customs duty is exempt on parts imported for MRO of aircraft subject to specified conditions which if not satisfied would impose customs duty in the range of 19 per cent to 27 per cent on the imported parts.
First time exports must be provided with incremental offset multipliers and impact of duties and indirect taxes must be reduced for the export oriented production by the private sector.
ASSOCHAM has also suggested the government to introduce defence as priority sector for export promotion councils like Engineering Export Promotion Council (EEPC India). A Defence Export Award must also be set up to acknowledge significant exports and must be categorised in the National Export Awards.
Aerospace and defence exports likely to reach USD 2 billion in 2011-12: ASSOCHAM
according to pres information bureau our defence exports including psus and ofb s are about 997 crores ($0.19 billion)
The total value of defence exports from Defence PSUs and OFB including defence exports from defence companies in the private sector was Rs.997/- crores during the last three financial years
Exports by Ordnance Factory Board (OFB) and Defence Public Sector Undertakings (DPSUs) consist of products developed through DRDO, through Transfer of Technology (TOT) route from foreign OEMs and through in-house R&D. In addition, OFB and DPSUs carry out in-house R&D to upgrade defence products. There is a greater focus now on indigenous design, development and manufacture of defence equipment as per Defence Production Policy.
Since May, 2001, the defence industry sector is open upto 100% for Indian Private Sector participation with FDI permissible upto 26%, subject to licensing.
This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to Shri. N.K. Singh andDr.JanardhanWaghmarein Rajya Sabha today.
HS/HH/NN  
(Release ID :90433)
Press Information Bureau English Releases
aerospace and defence exports likely to reach USD 2 billion in 2011-12: ASSOCHAM
Thursday, January 26, 2012
Aerospace and defence exports are likely to clock two billion dollars in the current fiscal, apex industry body ASSOCHAM said today.
With about 18 per cent growth during the first three quarters of 2011-12, aircraft exports including component parts stood at about 1.31 billion dollars against 1.11 billion dollars in the corresponding period of previous fiscal, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Parts and components have contributed a whopping 96 per cent of the total aerospace exports, highlighting India’s manufacturing capability in aerospace sector oriented towards tier I, II and III suppliers as against aircraft Original Equipment Manufacturers (OEMs).
In the interest of top level private defence equipment manufacturers and exporters, ASSOCHAM has sought an exemption from input tax and levies for their contractors and sub-contractors by issue of customs and excise duty exemption certificates on the lines of Defence Public Sector Undertakings (DPSUs).
“Issuance of customs and excise duty exemption certificates to DPSUs to claim exemption from input tax and levies is making the exports by private sector exporters uncompetitive by about eight per cent,” said ASSOCHAM.
Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) chapter 5 and 6 must be populated, while, India Harmonised Code System (ITC-HS) description of Defence and Aerospace is inadequate, said ASSOCHAM.
There is also a need to link SCOMET codes to the items listed in the Defence Procurement Procedure (DPP) export of which is considered to be offsetable. List of countries to which A&D trade is not encouraged be made available to industry on request.
Besides, there is a lack of proper definition for a defence product which is imperative for Aerospace and Defence (A&D) sector to be able to access policy support and incentives for exports. In the absence of list for identification of defence products, the government support remains adhoc, lengthy and unnecessarily litigative.
A long and delayed clearance process of about three months for genuince exports of defence products to qualified countries from India is a pain for majority of A&D exporters.
Sops like incentives and benefits on taxation dues and levies to A&D sector has been limited and skewed against private players. Besides, the government outlook on structural and taxation benefits to dedicated aerospace and defence manufacturing hubs also remains non-commital, said the chamber.
According to ASSOCHAM, the current rate of indirect taxes on Maintenance, Repair and Operations (MRO) activities are quite high making them uncompetitive as customs duty is exempt on parts imported for MRO of aircraft subject to specified conditions which if not satisfied would impose customs duty in the range of 19 per cent to 27 per cent on the imported parts.
First time exports must be provided with incremental offset multipliers and impact of duties and indirect taxes must be reduced for the export oriented production by the private sector.
ASSOCHAM has also suggested the government to introduce defence as priority sector for export promotion councils like Engineering Export Promotion Council (EEPC India). A Defence Export Award must also be set up to acknowledge significant exports and must be categorised in the National Export Awards.
Aerospace and defence exports likely to reach USD 2 billion in 2011-12: ASSOCHAM
according to pres information bureau our defence exports including psus and ofb s are about 997 crores ($0.19 billion)
The total value of defence exports from Defence PSUs and OFB including defence exports from defence companies in the private sector was Rs.997/- crores during the last three financial years
Exports by Ordnance Factory Board (OFB) and Defence Public Sector Undertakings (DPSUs) consist of products developed through DRDO, through Transfer of Technology (TOT) route from foreign OEMs and through in-house R&D. In addition, OFB and DPSUs carry out in-house R&D to upgrade defence products. There is a greater focus now on indigenous design, development and manufacture of defence equipment as per Defence Production Policy.
Since May, 2001, the defence industry sector is open upto 100% for Indian Private Sector participation with FDI permissible upto 26%, subject to licensing.
This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to Shri. N.K. Singh andDr.JanardhanWaghmarein Rajya Sabha today.
HS/HH/NN  
(Release ID :90433)
Press Information Bureau English Releases
johnny boy
FULL MEMBER
- Joined
- Mar 30, 2010
- Messages
- 375
- Reaction score
- 0
First of all the news is from Assocham (Respected industry body in india)
secondly no need to give list as it is protected under National Secrecy Act.
Regards
$2 bn would put india in top 3 arms exporters. what a joke!
Did you even read what the OP posted?
96% of that value is from components and parts ..
Even I don't know the full details, but that should give enough of a lead.
This figure is not comparable to end-use system exports.
India often has offsetting clauses in purchases ... so these components may be going into Boeings or Dassault's of the world... just my guess.
Jade
SENIOR MEMBER
- Joined
- Mar 5, 2010
- Messages
- 5,622
- Reaction score
- -1
- Country
- Location
$2 bn would put india in top 3 arms exporters. what a joke!
Do you know maths? Tell me how many digits a billion has?
shuttler
ELITE MEMBER
- Joined
- Feb 21, 2012
- Messages
- 9,253
- Reaction score
- 3
- Country
- Location
Do you know maths? Tell me how many digits a billion has?
another indian math genius!
Jade
SENIOR MEMBER
- Joined
- Mar 5, 2010
- Messages
- 5,622
- Reaction score
- -1
- Country
- Location
Kyusuibu Honbu
BANNED
- Joined
- May 21, 2010
- Messages
- 15,305
- Reaction score
- -21
- Country
- Location
just realized this is a 2012 thread, the insecurity of certain racists 
Similar threads
Latest posts
-
Iran directly enters to the warr against Israel's genocide
- Latest: Novus ordu seclorum
-
-
-
Country Latest Posts
-
Iran directly enters to the warr against Israel's genocide
- Latest: Novus ordu seclorum
-
-
