India\u2019s export of arms and\u00a0defence\u00a0technologies touched a record Rs 13,000 crore in the financial year 2021-22, with 70% contribution coming from the\u00a0private sector\u00a0and the remaining 30% from the public sector.<\/p>\n
The\u00a0defence exports, which witnessed a substantial increase over the preceding fiscal, were mainly to the US, the Philippines and other countries in\u00a0South-East Asia,\u00a0West Asia\u00a0and Africa.<\/p>\n
\u201cIn 2021-22, we have recorded Rs 13,000 crore of exports, which is the highest ever number that we have ever recorded in defence,\u201d Additional Secretary (Defence Production)\u00a0Sanjay Jaju\u00a0said on Friday.<\/p>\n
A major export deal inked in January this year was the $375 million (Rs 2,770 crore) contract to export BrahMos supersonic cruise missiles to the Philippines, which will pave the way for more such deals with the country as well as other Asean countries like Indonesia and Vietnam, as was reported earlier by TOI.<\/p>\n
The arms exports in 2021-22 were almost eight times of what they were about five years back. India\u2019s defence exports amounted to Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20 and Rs 2,059 crore in 2015-16.<\/p>\n
Defence minister Rajnath Singh will reward a private sector organisation and another from the public sector that performed the best in defence exports at the first-ever \u201cArtificial Intelligence in Defence\u201d symposium and exhibition on Monday.<\/p>\n
Defence secretary Ajay Kumar said 75 newly-developed AI products and technologies with applications in defence will be launched during the event. The products are in the domains of automation\/unmanned\/robotics systems, cyber security, human behavior analysis, intelligent monitoring system, logistics and supply chain management, speech\/voice analysis and C4ISR (command, control, communication, computer and intelligence, surveillance & reconnaissance) systems. Apart from the 75 products being launched, another 100 are in various stages of development, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s export of arms and\u00a0defence\u00a0technologies touched a record Rs 13,000 crore in the financial year 2021-22, with 70% contribution coming from the\u00a0private sector\u00a0and the remaining 30% from the public sector. The\u00a0defence exports, which witnessed a substantial increase over the preceding fiscal, were mainly to the US, the Philippines and other countries in\u00a0South-East Asia,\u00a0West Asia\u00a0and Africa. […]<\/p>\n","protected":false},"author":7,"featured_media":100137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-100134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"yoast_head":"\n