India's Defense Procurement Policies, Privatization, Indigenization and Exports Watch Thread

Discussion in 'Defence & Strategic Issues' started by Indx TechStyle, Dec 13, 2015.

  1. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    India's Defence Exports Likely to Surge 40% this Year
    The overall defence exports including those from private and public sector units have reached 695.70 crore till September this year
    The Dollar Business Bureau
    [​IMG]
    Of the total shipment value, the share of private sector was 63.38% this year, much higher than the contribution of 41.67% and 30.97% recorded during the financial years 2013-14 and 2012-13 respectively.


    As India’s defence exports have already touched Rs.700-crore mark in the first half of the current financial year, the shipment of this sector is expected to set a new benchmark with the government unleashing a slew of policy reforms to
    push domestic manufacturing and overseas sales by private players.
    Between April and September this year, the export of defence items by private companies was valued at Rs.441.06 crore, more than three times higher than their annual shipment value of Rs.132.17 crore
    recorded during previous year.
    While private firms exported items worth Rs.286 in 2013-14, their total shipment was capped at Rs.138.13 crore in 2012-13, showed the data revealed by the Minister of State for Defence Rao Inderjit Singh on Friday. The figures were collected
    on the basis of clearances given by the Ministry of Defence for the export of military stores.
    According to the Defence Ministry, the overall exports of the sector including those private and public sector units have reached 695.70 crore till September this year. Of the total shipment value, the share of private sector was 63.38% this year,
    much higher than the contribution of 41.67% and 30.97% recorded during the financial years 2013-14 and 2012-13 respectively.
    Going by the current trend, the total export of Indian defence equipment is likely to increase by at least 40% by the end of this fiscal as against Rs.994.04 crore registered during the past financial year.
    Apart from relaxing various norms to allow private firms to enhance exports, the government has taken several initiatives to attract foreign investments in the defence manufacturing as well.
     
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  3. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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  4. SREEKAR

    SREEKAR Senior Member Senior Member

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    We have long way to go.
    ..
    ..
    ..
    ..
     
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  5. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    Good to start but we need to come to a level where we are able to manufacture all that we need.
     
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  6. sydsnyper

    sydsnyper Senior Member Senior Member

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    Thats a good start no doubt.... have a long way to go.. My take is that, given the circumstances of our country, defence exports will only pick up if there are more private players.
     
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  7. Illusive

    Illusive Senior Member Senior Member

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    The African and South American market is for grabs in the future. India better be ready.
     
  8. Alien

    Alien Regular Member

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    What are we exporting?

    +30 characters
     
  9. garg_bharat

    garg_bharat Senior Member Senior Member

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    Very encouraging news. Hope this trend accelerates.
     
  10. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    We are just getting started. 30 freaking characters.
     
  11. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    harsh, pmaitra and Alien like this.
  12. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    Long time. We are just in the nursery yet as compared to USA, Russia, France, UK, China etc. We won't make it amongst the top till we start manufacturing and exporting aircrafts, warships, submarines, SAMs (like akash) etc. These are what will bring in real money.
     
  13. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    Exclude Brits and Cheenis, they just copy and sell, American and Russian Weapons. :D
     
  14. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    But they are still generating revenue. That's what counts.

    Sent from my Nexus 5X using Tapatalk
     
  15. Alien

    Alien Regular Member

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  16. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    And when we will generate it indigenously, that gonna matter much more. :D
     
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  17. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    Yes of course. And that's what we should do. But it will take time. I'm also glad that we are getting profits from ISRO launch vehicles as well. Launching even European satellites with our launch vehicles is a big deal.
     
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  18. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    Do you know? US firms are pulling back from NASA for cheap launches of light satellites(heavy in future) worrying their politicians.
    It can become bigger issue than unemployment there. :D
     
  19. Kshatriya87

    Kshatriya87 Senior Member Senior Member

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    No, I did not know about that. Are they going in favour of ISRO?

    Sent from my Nexus 5X using Tapatalk
     
  20. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    L&T Plans to Step Up Defense Equipment Exports to Southeast Asia
    [​IMG]


    COIMBATORE: Larsen & Toubro plans to step up export of defence equipment to Southeast Asian countries and is hopeful of bagging a deal soon in Vietnam, even as the engineering conglomerate sees its domestic order book for defence equipment reach Rs 50,000 crore in three years, a top official said.

    "India has potential for Rs 4.5 lakh crore for defence orders over the next decade and typically we should get more than half of it," said Jayant D Patil, head of defence and aerospace at L&T. "In the short term, we hope to book orders worth Rs 20,000 crore in the next 12-18 months," he told ET.

    L&T pegs potential of the Indian defence market at Rs 1.5 lakh crore by 2021 and Rs 4.5 lakh crore by 2016, driven by the current government's thrust on local sourcing.

    The company is currently manufacturing and supplying different components for missiles to Indian armed forces and has the capability to make missile.

    To meet the country's growing demand for defence equipment locally, L&T invested heavily in a portcum-shipyard unit that is capable of building submarines. It also set up a nuclear forging unit.

    These new businesses are yet to see the orders that justifies the investment and like L&T's other fledgling business of power equipment they continue to be a drag on the company. But L&T is upbeat on the defence sector, thanks to the central government's policy and proactive stance. Patil said that there is also $3-billion export opportunity for Indian defence equipment makers to tap in Southeast Asia.

    He said the firm is in talks with the government to smoothen the process and offer financing to these countries. "We bid for projects earlier and lost because Chinese makers also offered low-rate financing. This is a big challenge because the capital cost in India is high and we can't, on our own, offer low rates," Patil said."This will help India achieve exports target as well."

    L&T is close to bagging a project to supply interceptor boats in Indonesia. These boats were developed by it in-house after the government ordered a series of offshore patrol vessels and interceptor boats in response to the terrorist attack on Mumbai in 2008, when the gunmen entered the city through sea.

    Source>>
     
  21. Bornubus

    Bornubus Senior Member Senior Member

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    Naval vessels
    MCIWS
    TATA and Ashok Leyland Trucks/Mine protecting vehicles
    Sonar/Radars
    Brahmos
    Barak 8

    IMO these have a lot of potential for export in future.
     
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