Defence indigenisation is one of Modi Govt’s top priorities. While India is one of the key defence markets driven by increasing defence spend, military modernisation plans, and strong engineering base, its focus on exports has also been growing.
The increase in defence exports will result in –
Consistent revenue for defence companies
Better economies of scale
Increase in savings and forex reserves
Increased competitiveness among domestic industries
Reduced dependency on other nations
Over the last decade, India has developed robust defence production capabilities and the country is working to fully realise the available potential of defence exports.
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