India's yearly defence exports rose to $255.4 million

[Armoured Division]

Export Profile of Indian Defence Industry:

The value of defence export by DPSUs, OFB and the Private Sector Companies (based on the NOCs issued), for the financial year 2015-16 was Rs. 1693.80($255.4 million) crore as compared to Rs. 994.04($159.6 million) crore during the financial year 2014-15. The trend in export shows phenomenal growth by the industry. The export by private defence industry has shown accelerated growth. About 12-14 companies in the private sector have contributed to defence exports.

Some of the major export destinations for defence products have been Algeria, Afghanistan, Israel, Ecuador, Russia, UK, Indonesia, Nepal, Oman, Romania, Belgium, Vietnam, Myanmar, South Korea and Sudan. The major defence items being exported are Personal Protective Items, Offshore Patrol Vessels, Spares for Radar, Cheetal Helicopters, Turbo Chargers and Batteries, Electronic Systems (EOPOD ALH System), and Light Engineering Mechanical Parts etc.

 

[Armoured Division]

@AUSTERLITZ @Zarvan @C130 @Abingdonboy @sancho @jaunty @Srinivas @gslv mk3 @Dash @MohitV @Skull and Bones @acetophenol @HariPrasad @he-man @Prechko @vostok @GURU DUTT @janon @ExtraOdinary @RoYaL~GuJJaR @Stephen Cohen @Dillinger @Water Car Engineer @Koovie @COLDHEARTED AVIATOR @Levina @kurup @bloo @special @Capt.Popeye @MilSpec@Techy @Guynextdoor2 @Agent_47 @IND151 @third eye @anant_s @Mike_Brando @RISING SUN @Stephen Cohen @OrionHunter @Skull and Bones @Srinivas @ayesha.a @SpArK
@Joe Shearer @MilSpec

 

[艹艹艹]

$255.4 million

Congratulate

 

[Chinese-Dragon]

Congratulations.

 

[Deadpool]

Really good.

The jump has been phenomenal. And this is only the second year since Defense sector has been liberalized!

Major Indian orders have not even been given to the Indian private sector yet. They are only starting now and will happen over the next few years!

Imagine what our private sector will do in a decade's time as they start building capacity because of domestic orders!

 

[Armoured Division]

Congratulations.

Thanks.

 

[Dzz]

We should sell more to Vietnam they are good clients

 

[Armoured Division]

We should sell more to Vietnam they are good clients

BrahMos-ER for Vietnam.

 

[Dzz]

BrahMos-ER for Vietnam.

Plus adds a lot to indian geo political power .

 

[Armoured Division]

Plus adds a lot to indian geo political power .

And goodwill.

Expecting it to cross $350 million this year.

 

[Abba_Dabba_Jabba]

$255.4 million

Congratulate

You won't understand it bro, 255 million is a lot for us. We are not comparing here.

 

[Armoured Division]

You won't understand it bro, 255 million is a lot for us. We are not comparing here.

In 3 years, it can rise to $1 billion.

 

[Ram Mahadev]

In 3 years, it can rise to $1 billion.

We need nice trainer, fighter jets for more export index. Three shiwalik frigates is more than enough to get major exporter tag.

 

[Armoured Division]

We need nice trainer, fighter jets for more export index. Three shiwalik frigates is more than enough to get major exporter tag.

We are likely to get more radar & sonar orders from Myanmar.

 

[Indx-techs]

Other report says it's $450 millions.
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