8-fold rise in defence export sign of new India: PM Modi

Prime Minister Narendra Modi on Wednesday said Indian defence products export increased eight times since 2014, highlighting the country’s huge strides in the defence sector. “In the defence sector, new India is moving ahead with the mantra of intent, innovation and implementation. Indian defence companies today are becoming a significant part of the global supply chain,” PM said while inaugurating ‘DefExpo 2011’ here.
India’s “biggest ever” defence exhibition – DefExpo 2022 is being held here. This is the 12th edition of the event that has been organised on the theme ‘Path to Pride’. It is the first such Defence Expo in the country where only Indian companies are participating and where there are only Made in India defence equipment.
Speaking at the occasion, PM Modi said, “DefExpo is displaying a grand picture of the New India. It has the nation’s development, states’ participation, youth power, young dreams, young courage and youth’s capabilities. Defence Expo used to be held in our country earlier too but DefExpo2022 is unprecedented. It is the symbol of a new beginning.”
With the aim of achieving self-reliance and boosting exports in the defence sector, Prime Minister Narendra Modi on Wednesday announced the ‘Fourth Positive Indigenisation List’ of 101 items during the opening ceremony of DefExpo 2022 in Gandhinagar, Gujarat.
All the items included in the lists will be procured from indigenous sources as per provisions given in Defence Acquisition Procedure (DAP) 2020. This list provides continuous impetus towards self-reliance in defence. According to the Ministry of Defence (MoD), the ‘Positive Indigenisation List’ is one of the landmark initiatives towards achieving self-reliance in defence sector.
The MoD had earlier promulgated ‘First, Second and Third Positive Indigenisation Lists’, comprising 310 items on August 21, 2020, May 31, 2021 and April 07, 2022 respectively.
The ‘Fourth Positive Indigenisation List’ of 101 items was announced by Prime Minister Narendra Modi today.
These lists would boost indigenisation and achieve ‘Aatmanirbharta’ in the defence sector and increase exports in the coming times, said the MoD statement. The fourth list has been prepared by MoD after several rounds of consultations with all stakeholders, including the industry. It lays special focus on equipment/systems, which are being developed and likely to translate into firm orders in the next five to ten years. Like the first three lists, import substitution of ammunition which is a recurring requirement has been given special focus.