The Narendra Modi government completed nine years in power on May 30 and a report released on the same day stated that India had recorded an extraordinary 23 times rise in military exports during the same period. The government attributed policy initiatives and reforms as the driver of change. India’s defence exports have reached an all-time high, surging from Rs 686 crore ($82 million) in FY 2013-14 to nearly Rs 16,000 crore ($1.9 billion) in FY 2022-23. This remarkable 23- fold increase reflects India’s progress in the global defence manufacturing sector, the statement said. To give a push to defence exports, the government has taken a number of policy initiatives and brought reforms over the last nine years. Export procedures have been simplified and made industry-friendly, with end-to-end online export authorisation curtailing delays and bringing ease of doing business, it added. The major destinations for India's defence product exports include the likes of Sri Lanka, Nepal, Maldives, Italy, France, Russia, Saudi Arabia, Philippines, Poland, Spain, Mauritius, Bhutan, Israel and Ethiopia. New Delhi has been exporting coastal surveillance systems, spares for radars, electronic systems and light engineering mechanical parts, personal protective items, offshore patrol vessels, ALH helicopters and SU Avionics amongst other items. (ICE NEW DELHI)

Fonte notizia: Wion News