India to remain top Defence export market for next decade: A Report

lcafanboy

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India to remain top Defence export market for next decade: A Report
Published August 13, 2017 SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG



According to the latest findings from research firm IHS Markit, for the first time in 7 years, Global defence Exports will be on the decline due to increasing domestic production and weakening defence export orders , yet India will remain top Global import opportunities for coming decade with an estimated 22 to 27 Billion dollars of orders.

India reportedly is working on high budgets defence programs like Fifth generation fighter jets with Russia, Next generation Conventional Diesel submarine Projects and development of Aircraft carriers which will require large Import of equipment and weapons.

Current government under its Make in India Initiative is pushing for increasing its domestic weapons and arms Production capabilities and has invited major Global arms manufacturers to tie up with local private and public sector companies to locally developed weapons to meet requirements of Indian armed forces. While the long-term stress is to locally design and produce weapons within the country but the current administration is also keen on developing the ecosystem required to make India a major Defence export country in next few years.

By Inviting global arms manufacturer to India current government is trying to create the ecosystem which could sustain itself in the next phase which could be all about Research and Development of locally produced weapons for Indian armed forces.

http://idrw.org/india-to-remain-top-defence-export-market-for-next-decade-a-report/#more-144765 .
 

lcafanboy

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So we will keep IMPORTING weapons for decades (and maybe forever) thanks to corrupt politicians, defence officials, weapon Agents (which are mostly retired armed forces officials) despite having the world's largest pool of Scientists & Engineers........

Reservation Quota system has ensured that we keep employing Parasite IDIOTS in DPiSUs which produce sub-standard products which are of no use in real battle. With no innovations at all and whatever produced are licensed copies which have royalties to be paid and can't be exported to earn FOREX and instead we expend our FOREX to keep importing weapons which screw our balance of payment which results in devaluation of Rupee which drags down GDP of India...... We are in Viscous circle created by KHANGRESS in last 70 years starting from JEEP Chor NEHRU to Bofors Chor Rajiv..............


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IndianHawk

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India will remain top Global import opportunities for coming decade with an estimated 22 to 27 Billion dollars of orders.
27 billion over next 10 years means 2-3 billion $$ per year. That not too much if it helps us to maintain technological edge over china .

Meanwhile our exports are increasing although slowly. If we can get a 1-2 billion $$ in defense exports annually. Than net import will be reduced to 1 - 2 billion $$ per annum.

The crucial thing is to make sure that every penny we spend in next decade must add indegenious capacity.
 

HariPrasad-1

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We have a big potential but we need to deploy them first. It includes, Naval Warships, Sonars, SAMs, Various Caliber guns, rifles, Cruise missiles, AW&C, Various military vehicles etc which I can recall in first instance.
 

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