COAS General Rawat: Defence Exports To Grow To Rs 35,000 Crore By 2024

General News

Army Chief General Bipin Rawat addressed an event of the Indigenous Defence Equipment Association where he spoke on India targeting defence exports

Written By Nisha Qureshi | Mumbai | Updated On:

Army Chief General Bipin Rawat addressed an event of the Indigenous Defence Equipment Association where he said that India is targeting exports of Made in India defence equipment. He also said India is becoming export-oriented and the country's exports are set to grow in the next five years. Putting a number on it, he said that India's defence exports, which are currently at Rs 11,000 crore would rise to Rs 35,000 crore by 2024.

'Make in India will fundamentally transform the defence landscape'

"The energy and enterprise of Make in India, the defence will be fanned further in these defence corridors, that we are setting up with a bouquet of advantages that they offer. In the form of ease of land clearances, cash concessions and other issues. The initiative will fundamentally transform, the defence landscape in our country," he said.. 

'We place a huge premium on transparency'

The Army Chief further asserted the importance of manufacturing initiatives for India and also said efforts are being made to lower bureaucratic barriers for easing the process.

"I see huge potential in the Make In India initiatives as well. A paradigm which lies at the intersection of domestic talent, efficiency in basic sciences, research, innovation and the enterprise. Even as I speak, we are trying to lower the bureaucratic barriers further, while reducing processes and focusing on the outcome of the process. We place a huge premium on transparency as well, the army's problems and deferential statements are released annually to provide a clear direction to the industry and the industry has responded rather well," the Army Chief said. 

Further asserting the importance of quality weapons, the Army Chief also said that the empowerment of soldiers comes with good weapons. The Army Chief further said that India is one of the leading armed forces of the world. He also stated that various measures have been taken to boost the defence sector in India.

The COAS also explained that India is committed to peace and stability in the neighbourhood. "We are deeply committed to peace and stability in the neighbourhood and also in the wider region. We will continue as we have in the past to partner with our friends, the concerns, any kind of emerging threats," he said. 

READ | Pakistan silences army’s critics with raids, terror charges

READ | Punjab and Jammu's defence bases placed under 'Orange Alert': Reports

READ | 'Need to develop Indian Army-Defence Industry understanding': VCOAS

By 2030, 40% Indian will not have access to drinking water