India explores possibility to export millitary goods |
With PM Narendra Modi taking charge of the government in India for the second time, the ambitions have been at an all time high. With its target to achieve 5 billion dollars worth of military exports by 2025, the Indian government has drawn up a list of 85 countries that it wants to promote its defence industry in and has empowered its defence attaches across the world to showcase Indian capabilities. According to the new initiative, the defence attaches will be given an annual budget of up to $50,000 each for promoting exports of made¬ in ¬India defence products from both public and private sectors by participating in exhibitions, conducting market studies, organising seminars and distributing publicity material. Foreign nations where the possibility of exports is the highest have been placed under category A. Defence attaches in these countries will get $50,000 annually while other nations are in categories B and C and will get lower allocations. A total of 2.3 million dollars is planned to be spent on the scheme initially. The nations that India believes have the maximum potential of purchasing military equipment include Vietnam, Thailand, Bahrain, Bangladesh, Afghanistan, UAE and Malaysia. India has been emerging as a manufacturing hub for defence production and Defence attaches` deputed across the world therefore play a pivotal role in showcasing India`s capabilities in defence product manufacturing and promoting export of defence products.
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