- The supply was made in accordance with the USD 375 million agreement that the two nations agreed in 2022.
- Also, India recently delivered two Dornier 228 aircraft to Guyana, spreading export linkages to Caribbean nations as well.
- These are seen as major developments in defence exports from India.
- Defence Export of India
- India is currently exporting military hardware to around 85 countries.
- Major export items include missiles, artillery guns, rockets, armoured vehicles, etc.
- In FY 2023-24, exports reached an all-time high of Rs. 21,083 crore.
- Key Opportunities:
- Strategic Leverage (bolster relationship with nations)
- Enhances Self-reliance in defence by increasing defence manufacturing capabilities, etc.
- Key Challenges: Delays in export clearances decreasing competitiveness of Indian defence products, historical perception of inconsistency in the quality etc.
- Initiatives
- The Draft Defence Production & Export Promotion Policy: It has set the goal of achieving a turnover of Rs 1,75, 000 crore ($25 billion) in the defence sector.
- Simplification of Export Procedures: India Defence Mart (an online platform) has been launched for companies to apply for export licenses and track their applications.
- Other: Scheme for Promotion of Defence Exports (SPDE), Innovation for Defence Excellence (iDEX), Defence Acquisition Procedure (DAP 2020) etc.
About BrahMos Missile
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