Published on 11/07/2022 11:31:33 AM | Source: Accord Fintech

India exports defence items and technology worth Rs 13,000 crore in FY22: Sanjay Jaju

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Additional Secretary in the Department of Defence Production (DDP), Sanjay Jaju, has said that India exported defence items and technology worth a record Rs 13,000 crore in 2021-22, an impressive 54.1 per cent rise over the previous year.  He said ‘the exports in 2021-22 were almost eight times of what they were about five years back’.

He said the country's defence exports are chiefly to the US, the Philippines and other countries in the South-East Asia, the Middle-East and Africa.  He noted that India's defence exports were worth Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20 and Rs 2,059 crore in 2015-16. He said ‘there has been good progress. Of course, two years of COVID-19 was a bit of a setback. But this year, we have been able to record this number (of Rs 13,000 crore).’

He said the defence ministry will reward a private sector organisation and another from the public sector that performed the best in defence exports. Generally, he said, private sector companies dominate the defence exports market with a share of almost 90 per cent. He added that last year, Indian public sector companies also did well contributing 30 per cent to the country's defence exports.