Page 19 - NIS English, December 16-31,2022
P. 19
2022: Year of Willpower Cover Story
DEFENCE SECTOR Indian defence firms are increasingly playing
a significant role in the global supply chain.
MOVING TOWARDS Many countries are showing interest in
modern fighter jets like India's Tejas, while
AATMANIRBHAR our companies are also supplying defence
equipment and spare parts to more than
BHARAT 80 countries, including America, Israel, and
Italy. In the last six years, defence exports
have increased eightfold. With the resolution
of self-reliance in the defence sector, the
world is trusting India's technology due to the
capabilities proved by the Indian forces.
Indian Navy has set a target of becoming
completely AatmaNirbhar by 2030 with the
induction of the indigenously built aircraft
carrier INS Vikrant. The Indian Air Force
has inducted the Prachanda Light Combat
Helicopter, made under "Make in India."
The Army is also buying everything from
indigenous cannons to modern weapons from
Indian companies.
The government of India has set aside 68
percent of the total budget for defence
procurement for the current fiscal year for
goods manufactured by Indian companies and
people in order to increase the self-reliance
of the Indian defence sector. By opening up
research and innovation to startups, industry,
and academia, 25% of the budget was also
earmarked for them. A total of 411 such
pieces of defence sector equipment have
been identified and will be purchased only
under "Make in India." The Defence Expo
2022 featured only made-in-India defence
equipment for the first time in the country.
Our defence exports have increased eight
times in the last six years. From Rs. 1940
crore in 2014-2015 to Rs. 12,815 crore in
2021-2022.This is a 570 percent increase.
India has set a target of reaching 5 billion
dollars in exports.
Launched an online portal for export
In the defence sector, India is moving forward certification permission. The time taken for
on the mantra of intent, innovation, and granting export permission has come down
implementation. Till 8 years ago, India was from 86 days to 35 days.
recognised as the world's largest defence A push to Make in India, two defence corridors
are being built in Uttar Pradesh and Tamil
importer. But New India showed intent Nadu.
and will, and "Make in India" is becoming a Innovation for Defence Excellence (iDEX) was
success story in the defence sector today. launched to promote startups in the defence
-Narendra Modi, Prime Minister. sector.
New India Samachar December 16-31, 2022 17
