Prioritize Defence Manufacturing: PM Modi
PM Modi emphasized reducing imports in the defence sector. Even though India’s imports have reduced by 32% since 2015, India still holds 2nd position in the arms import in the world. Thus PM Modi, Defence Minister Rajnath Singh, Home Minister Amit Shah, FM Nirmala Sitharaman agreed to boost domestic production through the ‘Make in India’ initiative. A great emphasis was also given on strategies to lure investment and to increase exports in the defence sector.
India has made some progress in direction of self-reliance as the Indian Navy’s weapon list gets stronger with Scorpene-class submarines under the ‘Make in India initiative’. Production of indigenous Astra missiles will start in India under this initiative. Under the Make in India terms of the Indo- US Apache deal, fuselages and other aerostructures are being produced jointly by the Tata Boeing manufacturing unit in Hyderabad.
Priority II: Export Arms
India jumped to 19th from 23rd in the list of arms exports in the world. India has seen massive rise in arms exports since 2016. India exports weapons to 42 countries in the world including the USA, France, Finland, etc. India exports personal protective items, offshore patrol vessels, ALH helicopter, SU Avionics, Bharati Radio, Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Spares for Radar, Electronic System, etc.