mayankkrishna
Regular Member
- Joined
- Dec 25, 2010
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The defence industry is the pinnacle of the precision, technical expertise and quality standards. Defence industry promotes research which are immensely benefitted by civilian industry. Defence industry is perhaps the only or one of few which showcased positive growth throughout any financial crisis. And currently due to rising national military expenditures by emerging economies and replacement and up gradation demand from superpower countries, the defence and aerospace industry is set to witness positive growth trends in years to come with guaranteed immunity from any financial criss.
India currently ranks 38th in terms of exports of defence products whereas China ranks 5th largest exporter. India is heavily import dependent to run its defence establishment whereas Chinese indegious first policy has resulted in rapidly gaining technical expertise and with government support it expanded its defence production industry at a very fast pace.
India currently has over 5000 MSMEs involved in various kinds of defence products and components. Some even have been able to establish themselves in the niche products market, and are exporting overseas as a leader to many countries.
Defence products can be very important for enhancing exports which are currently undergoing crisis. With the trade deficit of over 191 billion USD. I would like to invite expert suggestions, how can India increase defence exports and how can defence products be flagship products for 'Made in India' brand shine across the world.
Suggestions please!
India currently ranks 38th in terms of exports of defence products whereas China ranks 5th largest exporter. India is heavily import dependent to run its defence establishment whereas Chinese indegious first policy has resulted in rapidly gaining technical expertise and with government support it expanded its defence production industry at a very fast pace.
India currently has over 5000 MSMEs involved in various kinds of defence products and components. Some even have been able to establish themselves in the niche products market, and are exporting overseas as a leader to many countries.
Defence products can be very important for enhancing exports which are currently undergoing crisis. With the trade deficit of over 191 billion USD. I would like to invite expert suggestions, how can India increase defence exports and how can defence products be flagship products for 'Made in India' brand shine across the world.
Suggestions please!