Centre outlines strategy - help 'weaker nations' purchase Indian Arms

Discussion in 'Defence & Strategic Issues' started by Zebra, Sep 6, 2014.

  1. Zebra

    Zebra Senior Member Senior Member

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    Centre outlines strategy - help 'weaker nations' purchase Indian Arms

    Defence News - Centre outlines strategy to help 'weaker nations' purchase Indian weapons

    Saturday, September 06, 2014
    By : Daily Mail UK

    In a major policy shift, the Narendra Modi government has notified a new strategy for export of defence products that not only encourages sale of military equipment to foreign nations but also has set a structure for New Delhi to finance purchase of Indian arms by other countries.

    The 'Strategy for Defence Exports', issued by the defence ministry, has been accompanied by a new set of rules for obtaining clearances for export of military stores by both private and public sector enterprises.

    Detailing India's new strategy for harnessing defence exports for both commercial opportunity and military diplomacy, the five-page document specifies that a new Defence Export Steering Committee (DESC) will be set up within three months, besides a national defence export facilitation body.

    While India has traditionally shied away from exporting arms and has been reluctant to sell lethal weapons abroad, the new strategy is an extreme shift with a provision for financing 'weaker nations' to buy Indian weapons.

    The Line of Credit facility that is extended by the Ministry of External Affairs (MEA) would also be used to leverage sales to foreign nations.

    "Wherever feasible, the possibilities will also be explored for financing of defence exports through EXIM Bank. A separate strategy to finance exports to weaker countries would be worked out in consultation with MEA, EXIM Bank, DPSUs, private sector and other financial institutions," it says.

    The Modi government has decided to give full diplomatic backing to the export of weapon systems, emphasising that "the world over, defence exports are covered by the defence diplomacy between friendly countries".

    "If required, industry delegations would be taken to target countries under the leadership of officials or DPSUs representatives. Indian Embassies and Missions abroad would be associated in making targeted efforts for promoting export of Indian defence products," it says.

    The document emphasises that within six months, India will become a part of the Wasssenaar international export control regime after which a detailed list of military stores that can be exported will be drawn up.

    "Efforts will be made in collaboration with MEA to finalise the list of military stores as early as possible," the document says.

    The government strategy also says that the offset policy – in which a foreign vendor must invest at least 30 per cent of the contract value in the defence production sector – will be reviewed. India's defence exports have been abysmally low over the years.

    The export strategy is part of a slew of measures by the new government to promote the domestic defence industry.
    This includes freeing up of FDI restrictions to 49 per cent and notifying security rules to be followed by defence companies, besides others.
     
    Last edited by a moderator: Sep 6, 2014
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  3. Zebra

    Zebra Senior Member Senior Member

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    Kunal Biswas likes this.
  4. Ray

    Ray The Chairman Defence Professionals Moderator

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    Re: Centre outlines strategy to help 'weaker nations' purchase Indian

    A good and positive step to get rid of all this Gandhian hypocrisy.

    It is time for India to find its rightful place in the world and correct projection of its position as a global player.

    It will also ensure Indian industry is forced to lay emphasis on quality or else the product will not sell in the international market.
     
  5. Zebra

    Zebra Senior Member Senior Member

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    Re: Centre outlines strategy to help 'weaker nations' purchase Indian

    Sir, please change the title of this thread. I missed it. Not enough space there.

    The last word, make it "Arms".

    OR

    Make it as you like. Please.

    Thanks.
     
  6. Ray

    Ray The Chairman Defence Professionals Moderator

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    Re: Centre outlines strategy to help 'weaker nations' purchase Indian

    Changed as close to your requirement.
     
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  7. Zebra

    Zebra Senior Member Senior Member

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  8. Kunal Biswas

    Kunal Biswas Member of the Year 2011 Moderator

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    Re: Centre outlines strategy - help 'weaker nations' purchase Indian

    OFB and DRDO have some of the best small arms, MCWS and INSAS can be exported in pimped up version by Pvt.co ..
     
  9. ninja85

    ninja85 Regular Member

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    Re: Centre outlines strategy to help 'weaker nations' purchase Indian

    promoted by fake gandhi's.:rofl::laugh::lol:
     

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