Page 26 - NIS English 2021 November 1-15

COVER
Cover
आवरण INDIAN PRODUCTS
STORY
Story
कथा
BECOMING GLOBAL
India exporting defence

equipment to 84 countries

Always recognized as the
n
world's largest arms importer,
India is now moving towards
exporting defence products.

India's defence exports
n
increased by 334 percent to
Rs.8,434 crore in 2020-21 from
Rs.1,941 crore in the year 2014-
15. For the first time, India
has been among the top 25
defence product exporters in
the world.

We are giving preference to
n
best class indigenous defence TWO DEFENSE CORRIDORS
products including Tejas, Arjun
Mk-1A Tank, Dhanush Cannon, IN TAMIL NADU AND UTTAR
Akash Missile (Surface to Air), PRADESH PAVED THE WAY FOR
Pinaka Rocket, INS Kalvari,
Bulletproof Helmet, New THE MANUFACTURE OF DEFENSE
Generation BrahMos Missile
alongwith other swadeshi PRODUCTS IN INDIA.
defense products. We are
exporting our defense products
to 84 countries.

them in the country, on which the country was
dependent on imports for a long time. In this manufacturing
year's budget, a provision of about Rs 2 lakh crore hub. As a result of
has been made for the schemes related to the PLI. this, the total export of the
An average of 5 percent of the production is given country has increased by more
as an incentive under this scheme. That is, through than 33 percent. India has become the
the PLI scheme alone, in the coming 5 years, fastest-growing eco-system with Indian unicorns
about $ 520 billion is estimated to be produced having a net worth of around US$ 168 billion.
in India. Not only this but it is also estimated that
in the sectors for which the PLI scheme has been NEW INITIATIVES ARE BEING TAKEN TO INCREASE
announced, the efficiency for them will almost EXPORTS
double. Not only will the industry benefit in terms In the last 6-7 years, many successful efforts
of production and export, but the demand will also have been made to promote Make in India at
surge due to an increase in average income. PLI different levels. With an aim to take this to the next
scheme will help in making the country a global stage, the experiences of the Covid period have

24 New India Samachar November 1-15, 2021